Word: aima
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...funds, private equity and a host of other alternative investment funds to meet tougher regulation before they can market to investors in the region. The legislation - tabled for discussion in late April in an effort to shore up investor protection while reducing risk - has attracted growing criticism. London-based AIMA, a global hedge-fund industry group, calls proposed disclosure requirements bureaucratic. Kinetic Partners, a consultancy for the U.K. hedge-fund industry, reckons meeting stricter capital requirements and risk-management rules could cost British funds as much as $5 billion. For those outside the E.U., though, the proposals are just...
...rules. But while U.S. efforts are underway to bolster the policing of hedge funds - and the meaning of equivalent regulation is still to be defined at the E.U. level - as it stands, "regulatory equivalence between the United States and European countries does not exist," says Andrew Baker, CEO of AIMA. "As of the date of introduction of that measure, you would have a lock out of all American managers from the European Union." That limits investors' choice, Baker says, especially since almost all E.U.-based managers market funds domiciled outside the region. (Read: "Is the Stock Market Cheap or Expensive...
...polished more." Myners, the British Minister, has vowed to "fight tooth and nail" to get the draft revised. Industry groups, meanwhile, have mounted keen lobbying campaigns. With nothing likely to enter into force before 2011, "there's one safeguard against it being introduced as it is," says AIMA's Baker. "It's mumbo jumbo...
...conflict is a lightning rod for particularly vitriolic exchanges. For example, one contributor to a forum on Facebook wrote, "Israel = killers," which drew this response from another user: "Maybe I'll wrap a towel around my head and beat my wife for peace in the name of Allah." Rahel Aima, an undergraduate student at Columbia University who frequents several social-networking sites, says she has been "shocked by some of the hyper-distilled hatred and racism that I've seen in the past few days. I've only really seen such a flurry of polarizing sentiments with this current Gaza...
...rightist Hellenikon Aima quietly printed a confidential letter written by General Plastiras during the Italo-Greek War of 1940-41; in it he had urged German mediation. The leftist press decried this crafty revelation as a "royalist plot," warned that royalist officers were planning an armed coup and were using the letter to get Plastiras...