The global hedge fund industry is not un-regulated or lightly-regulated, according to the Alternative Investment Management Association (AIMA).AIMA says hedge fund managers are already rigorously regulated in all the main jurisdictions in which they operate and significant new regulation is being introduced internationally. ??All the major jurisdictions where hedge fund managers operate - whether in North America, Europe, or Asia-Pacific - have rigorous regulation of the industry.
And this already rigorous regulation is being increased by new legislation introduced since the crisis ?? for example the Dodd-Frank Act in the United States and the Alternative Investment Fund Managers Directive in the European Union,? says Andrew Baker, CEO of AIMA.
