Who: Alternative Investment Management Association, a global organization representing hedge funds.
What: The global hedge fund association has created the AIMA Smaller Managers’ Group to represent firms with $250 million or less in assets under management. Jim Kandunias, principal of the firm Esemplia Emerging Markets, chairs the group.
When: The group held its first meeting earlier this month.
Background/Why: According to Andrew Baker, chief executive officer of AIMA, small managers have faced considerable challenges since the financial crisis. More than half of AIMA’s members have $250 million or less in assets under management, and the new group is meant to help represent their interests in the most relevant and constructive way possible.
Agenda: The group will discuss issues of common concern to smaller hedge funds, including regulatory matters, sound practices, due diligence, business pressures and interactions with service providers.
