AIMA: Understanding the uncertain global regulatory framework for hedge funds – OpalesqueTV – Hedge Fund Videos



Todd Groome is the Chairman of the Alternative Investment Management Association (AIMA). Founded in 1990, AIMA is the global organization of the hedge fund industry, with more than 1,250 members worldwide, operating in more than 40 countries. It has led and been an active participant in discussions regarding potential supervisory frameworks for hedge funds and issues related to financial stability with the G20, IOSCO, the Financial Stability Board, and numerous national supervisory authorities.

In this Opalesque.TV interview, Todd discusses his views on global financial regulatory trends and recognition of financial market momentum from his experience in international law and finance prior to joining AIMA in 2009. This includes a stint leading a group at the IMF from 2006-2008 that evaluated the hedge fund industry’s impact on global financial stability. As he discusses AIMA’s advocacy of hedge funds in a new regulatory environment, he describes the ongoing regulatory shift in the U.K. and U.S., and how AIMA’s dialogue with legislators has led to improvements and important amendments to the AIFMD and the Dodd-Frank Act.

In addition, learn about the following:

Evaluating the hedge fund industry’s impact on global financial stability

How hedge funds can contribute to an early warning system for regulators through the private reporting of systemically relevant information

The implementation of AIMA’s strategy in the critical regulatory phase

The “elephants in the room” that AIFMD must address

AIMA’s Investor Steering Committee guide to institutional investment

The institutionalization of the industry

Remaining issues at the G20 level:
-Shadow banking and hedge funds
-Non-bank Systemically Important Financial Institutions – Hedge funds are not SIFI’s

Todd Groome Bio:
Todd Groome is the Chairman of AIMA. Mr. Groome, former Advisor, Monetary and Capital Markets Department for the International Monetary Fund (IMF), was appointed Chairman of AIMA in January 2009. With over 25 years of international financial experience, he brings a wealth of knowledge and strategic abilities which greatly enhance AIMA’s existing dialogue with national, international, and supranational organisations.

Mr. Groome is an Advisor and principal at Breton Hill Capital, a start up macro hedge fund. His focus is on macroeconomic and market issues related to the portfolio, as well as strategic business initiatives, opportunities and relationships. He is also a Senior Advisor to Albourne Partners, providing insights with regard to legislative and regulatory developments related to financial markets and services, including hedge funds and other sectors. Mr Groome is also a Visiting Scholar at the Wharton Business School, University of Pennsylvania in the areas of pensions, insurance, and risk management.

Mr. Groome has significant financial markets experience developed over an extensive career in capital markets, in both the public and private sectors. At the IMF, he was responsible for multilateral financial and capital markets surveillance activities, including the IMF’s Global Financial Stability Report. Before joining the IMF, Mr. Groome served as Managing Director and Head of the Financial Institutions Groups of Deutsche Bank and Credit Suisse in London, focusing primarily on debt capital markets, and capital and balance sheet management for banks and insurance companies. Prior to that, he worked with Merrill Lynch in London and New York as part of the Financial Institutions Corporate Finance Group working on M&A, advisory, and debt and equity financing for banks and insurers. Before moving to London in 1989, he worked as an attorney with Hogan & Hartson in Washington D.C., as part of the Financial Institutions Group.

Mr. Groome holds an MBA from the London Business School, a JD from the University of Virginia School of Law, and a BA in Economics from Randolph-Macon College, where he was awarded the Wade C. Temple Scholarship for Economics and graduated Phi Beta Kappa.

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