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AIMA welcomes Open Europe findings

21 September 2009

The Alternative Investment Management Association has welcomed the findings of a survey of its members.

The Alternative Investment Management Association – the global hedge fund industry association – has welcomed the findings of a survey of its members and those of the British Private Equity and Venture Capital Association by independent think-tank Open Europe. Among the findings is that the hedge fund and private equity industries contribute €9 billion (£7.9 billion) in tax revenues to European Union governments.

Open Europe said that the €9 billion tax contribution would be enough to fund the EU’s entire overseas aid budget for 12 years. The tax contribution also matches the value of the EU’s Cohesion and Aid Programmes for Poland and is just short of the subsidy that France...