LONDON (HedgeWorld.com)–The Alternative Investment Management Association has launched its seventh international chapter, this one in the Cayman Islands.
The new Cayman chapter represents something different in terms of how it was formed, according to AIMA. Hedge fund industry participants there asked for it, and it has the backing of the Cayman Islands Monetary Authority and the Government’s Portfolio of Finance and Economics.
“This is notable and natural milestone, and a signal of AIMA’s growing influence worldwide,” AIMA Chairman Christopher Fawcett said in a statement. “Cayman is an integral part of the hedge fund industry, with the majority of hedge funds globally domiciled there.”
AIMA, based in London, has other international chapters in Australia, Canada, Hong Kong, Japan, Singapore and South Africa.