The Alternative Investment Management Associations
(Aima) attempts to lobby against the draft European Alternative
Investment Manager Directive is unstructured and will fail.
Aima has whipped things up way too far. Its
overplayed its hand and is in danger of losing its voice as a
result, said a regulatory partner in London.
It is high-level grandstanding with no intellectual
basis. It is a danger to the London market and wastes
Last weekend it was revealed that Aima was heading a
steering committee to petition against the new rules. Several
hedge funds have signed...