Babcock & Brown and State Street executives have beefed up the Australian chapter of the Alternative Investment Management Association (AIMA).
Everest Babcock & Brown executive chairman David Kent and State Street investor Services managing director David Travers have been appointed to AIMA’s executive committee, boosting numbers to nine.
Current AIMA chairman Kim Ivey, Vertex Capital managing director, was re-elected as chapter chairman and its representative on AIMA’s global council.
Mr Ivey said the committee was expanded to bring in different constituents in the industry.
“The industry is rapidly growing here in Australia… we’d like to have a wider impact,” he said.
AIMA is the industry association for hedge funds and alternative investments. It has 1,100 members in 47 countries.
Peak Capital founder Tim Kay was appointed as a director of AIMA’s Asian branch last week in an effort to develop the industry’s influence in the region.
Assets under management in Australian hedge funds have tripled in recent years and local managers control $22.3 billion in assets, more than Hong Kong, Japan and Singapore combined, according to AXISS Australia.
The Hedge Fund World Australia conference will be held at The Westin in Sydney from 28 February to 2 March 2007.
