AIMA issues capital adequacy guidance to UK fund managers

The Alternative Investment Management Association (AIMA) has issued updated guidance to its members on how to implement an Internal Capital Adequacy Assessment Process. AIMA believes that it is more important than ever for firms to have in place robust risk-management processes and adequate capital to meet key risks. Financial Services Authority (FSA) rules require UK-based investment firms (including hedge fund managers and fund of hedge funds managers, banks and building societies) to unde