The Alternative Investment Management Association (AIMA) – the global hedge fund industry association - has published the world’s first global Guide to Sound Practices for Funds of Hedge Funds Managers. The guide was developed by some of the world’s leading funds of hedge funds practitioners. It focuses on areas including risk management, due diligence, disclosure to investors, valuation, management of conflicts of interest and other operational issues. It will be a practical business tool for funds of hedge funds managers and will also seek to provide relevant and insightful information for investors, regulators and policy makers, and the hedge fund industry’s service providers.
http://www.aima.org/en/media_centre/press-releases.cfm/id/150EB5E3-8AD8-4128-805EBAD9D0475E2D
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