The AIMA has issued what it calls the world's first guide to sound practices for hedge funds-of-funds managers.
The Alternative Investment Management Association's 99 page-guide provides advice about everything from starting hedge fund-of-funds companies to performance measurement, operational due diligence and fund governance.
The AIMA suggests the guide be used as a health check for the 3,000 existing hedge funds of funds.
The AIMA's best practices guide is available on the organization's website: http://www.aima.org/en/knowledge_centre/ sound-practices/guides-to-sound-practices.cfm. Christine Williamson