Hatfield steps down as AIMA chair
The peak industry body representing hedge funds in Australia, the Alternative Investment Management Association (AIMA), has appointed a new chairman with Vertex Capital Management managing director Kim Ivey set to step into the role on October 13.
Ivey will replace Damien Hatfield, who has held the position for the past four years, as the face of the Australian chapter of AIMA.
“Damien Hatfield has done an excellent job in building up the very strong and active chapter we have here in Australia and will continue to be involved in the association’s operations,” Ivey says.
Ivey, who is currently AIMA head of regulatory relations and a founding deputy chairman of the Australian chapter, says his goals as chairman will be to broaden the association’s reach outside Sydney and Melbourne and place continuing focus on investor awareness and education.
“The interest that investors are showing in hedge funds is very strong across Australia and as an association we’d like to make sure investors are as fully informed about alternative investments as they can.”
He says AIMA will also continue to work with regulators.
“That includes working with the stock exchange and APRA [Australian Prudential Regulation Authority], which we have been doing for the last couple of years to ensure that we understand what alternative managers do so they can be knowledgeable in putting together legislation.
AIMA is an industry body set up in the UK five years to ago to represent hedge funds and Commodity Trading Advisers (CTAs). It has 700 members globally with over 50 members locally.
Recommended for you
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
