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AIMA and MFA set for partnership

The Alternative Investment Association and the Managed Funds Association have announced plans to work together on key industry initiatives.

The move would see the two leading hedge fund associations in the world participate on each others board, develop shared initiatives and work on educational seminars.

AIMA chairman Christopher Fawcett says: “AIMA and MFA are seeking closer cooperation on issues of mutual interest and our aim is to facilitate communication among our members that will promote a unified approach to issues that impact our businesses and our ability to meet our investors’ needs.

“The international convergence of sound practices is the right way forward for the industry, and the demand and challenge now is for the industry to bring about convergence between the various standards proposed.”

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