AIMA Canada, the Canadian chapter of the Alternative Investment Management Association, today introduced a Guide to Sound Practices for Canadian Hedge Fund Managers The guide covers practical aspects of establishing and managing a hedge fund business in Canada and suggests corresponding sound practices.
Intended as a useful reference tool for a wide variety of hedge fund managers, it is the Canadian version of a similar guide produced in 2002 by AIMA for European hedge fund managers.
AIMA Canada says the new guide will help new entrants to the Canadian hedge fund industry and existing managers to adopt sound business practices and benefit from the sound practices and experience of other well-established and successful hedge funds.
“Publication of this new guide marks a major milestone for the over $10 billion Canadian hedge fund industry,” stated AIMA Canada founding chairman Jim McGovern,” in a release.
“We expect that this Guide will become a valuable information resource for other interested parties including Canadian institutional investors, regulatory authorities, educational institutions and journalists, thereby enhancing investor confidence and understanding of the alternative investment industry,” he added.
The content and format of each of the guide’s six chapters are designed to maximize the its use as a practical, user-friendly tool, rather than a textbook. Key topics covered in the Guide include:
- creating and managing a hedge fund business;
- portfolio administration and operational controls;
- raising capital;
- investor relations;
- hedge fund structures and organization;
- ; and creating and managing a hedge fun of funds business.
The copies of the guide can be obtained through the AIMA Canada Web site.