Leading global hedge fund association the Alternative Investment Management Association, has formed the AIMA Singapore Chapter, adding to the group’s Asian presence with established chapters in Japan, Hong Kong and Australia.
“The new Chapter is being formed in response to strong growth in the industry in Singapore”, observed Peter Douglas, chairman of AIMA Singapore and principal of GFIA Pte. “Singapore is one of the most amenable financial centres globally for skill-based asset management, and local institutional investors are at the forefront of Asian interest in alternative assets.”
He added: “AIMA has more than 20 corporate members in the Republic and the new Chapter will enable the Association to serve those members better and provide a unified voice for the industry here.”
Christopher Fawcett, Chairman of AIMA and director of Fauchier Partners Ltd noted: “The Singaporean community has demonstrated its dedication to the alternative investment industry and we are looking forward to working with all parties to achieve key objectives in the coming years.”
Chapters of AIMA are ‘mini-AIMAs’, comprising their own elected Executive Committee and a formalised structure. The Singapore Chapter has been approved by the Registrar of Companies and Businesses, as a locally-registered branch of AIMA.
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