The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has said that it will establish a new volunteer network in Bermuda.

AIMA members on the island will be represented by a new Executive Committee (ExCo), which along with supporting committees will seek to expand membership and support the development of Bermuda’s alternative investment community.

The initiative is being chaired by Craig Bridgewater, a managing director of KPMG in Bermuda.

Bridgewater said: "We look forward to AIMA Bermuda becoming the focal point and voice for the industry in Bermuda. We are keen to increase AIMA’s activities in Bermuda and will be organising events and creating working groups and committees to encourage participation and collaboration among local AIMA members and other industry partners."

AIMA CEO Jack Inglis said: "I am delighted with the establishment of an ExCo for AIMA in Bermuda, and I very much look forward to collaborating with the group going forward. AIMA’s expansion continues to gather pace, with offices and volunteer networks in every region of the globe."