The Alternative Investment Management Association (AIMA) has launched its Offshore Alternative Fund Directors’ Guide.
Created by a Working Group of industry professionals within AIMA’s global membership, the guide covers the fundamental practical, legal and tax considerations when selecting and appointing Directors of offshore alternative funds.
It covers the basic tasks which fund directors should carry out and suggests how they should manage their relationships with the fund’s service providers.
“The Guide contains some detail as to requirements and general advice on several important issues such as the review of annual audited accounts and issues relating to liability insurance,” stated Steven Whittaker, chair of the Working Group and Member of the AIMA Sound Practices Committee. “It should be noted that the guide is produced by volunteers who have worked extremely hard and they have our thanks for creating this valuable tool.