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Alternative Investment Management Association Launches In Bermuda

22 March, 2016

The Alternative Investment Management Association (AIMA), the global representative body for alternative asset managers, is to establish a new volunteer network in Bermuda.

AIMA members on the island will be represented by a new Executive Committee (ExCo), the association announced in a statement on March 17. According to AIMA, the ExCo and supporting committees will seek to boost membership and support the continued development of Bermuda's alternative investment community.

AIMA said that the initiative is being chaired by Craig Bridgewater, a Managing Director of KPMG in Bermuda, who called for volunteers to join the ExCo and contribute to AIMA initiatives locally and globally at a launch event at the Bermuda National Gallery, attended by around 85 professionals earlier this month.

Other speakers at the event included Grant Gibbons, Bermuda's Minister of Economic Development; Shauna MacKenzie, Director, Policy, Legal and Enforcement at the Bermuda Monetary Authority; and Sean Moran, Business Development Manager with the Bermuda Business Development Agency.

Bridgewater said: "We look forward to AIMA Bermuda becoming the focal point and voice for the industry in Bermuda. We are keen to increase AIMA's activities in Bermuda and will be organizing events and creating working groups and committees to encourage participation and collaboration among local AIMA members and other industry partners."

Jack Inglis, CEO of AIMA, said: "I am delighted with the establishment of an ExCo for AIMA in Bermuda, and I very much look forward to collaborating with the group going forward. AIMA's expansion continues to gather pace, with offices and volunteer networks in every region of the globe."

AIMA has over 1,700 corporate members, and over 10,000 individual contacts, in over 50 countries. Members include hedge fund managers and other alternative asset managers, fund of funds managers, prime brokers, legal and accounting firms, investors, fund administrators and independent fund directors.

AIMA's manager members collectively manage more than USD1.5 trillion in assets.

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