Business Services Industry
Planners to get hedge fund education.
Australasian Business Intelligence, March, 2003
Mar 26, 2003 (Money Management - ABIX via COMTEX)
The Alternative Investment Management Association (AIMA) will make a concerted effort to promote hedge funds to financial planners in 2003. This is according to its chairman, Damien Hatfield, who says that planners need to be more aware of the virtue of adding "long-short strategies" to investment portfolios at a time when more traditional investments are not performing well. The AIMA plans to stage a number of information seminars during 2003. Hatfield also says that the AIMA will be increasing its "dialogue" with the Australian Prudential Regulation Authority (APRA), following a recent APRA paper on hedge funds which he says contained a "lot of misconceptions".
Publication Date: 27 March 2003...
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