Gary Ostoich Named Chair of Alternative Investment Management Association - Canada

    New Chair Will Focus on Increasing Transparency, Investor Understanding
    and Fostering Best Practices

    TORONTO, Sept. 9 /CNW/ - Alternative Investment Management Association -
Canada is pleased to announce the appointment of Gary Ostoich as Chair. He
succeeds Phil Schmitt who is stepping down after serving as Chair for the past
three years.
    "I look forward to furthering the work of AIMA Canada in fostering
transparency, investor education, and best practices throughout the Canadian
industry," said Mr. Ostoich.
    Mr. Ostoich acknowledged the contributions of his predecessor Phil
Schmitt: "I would like to recognize and thank Phil Schmitt for the important
role he has played over the last three years in representing our industry and
developing AIMA Canada to its present level," he said.
    Gary Ostoich is President of Spartan Fund Management which manages a
multi-strategy hedge fund based in Toronto. He has been a prominent figure in
the Canadian Hedge Fund industry for many years, having become involved as a
lawyer in the early 1990's when the Canadian alternatives market was in its
infancy. He has been associated with AIMA Canada since it was established in
2003 and played an integral role in its founding as one of the organization's
initial Executive Committee members.
    Over the years, Mr. Ostoich has spoken at numerous conferences both in
Canada and abroad on a wide range of topics affecting hedge funds. He has also
worked with various securities regulators across Canada with respect to the
alternatives industry, including appearing before the Senate Banking Committee
to testify with respect to hedge fund regulation.
    He formerly served as a Partner with the Toronto law firm McMillan LLP
and as a senior hedge fund executive.

    About the Alternative Investment Management Association (AIMA)

    As the only truly representative global hedge fund association, AIMA, the
Alternative Investment Management Association, has more than 1,100 corporate
members worldwide, based in over 40 countries.
    Members include leading hedge fund managers, fund of hedge funds
managers, prime brokers, legal and accounting firms and fund administrators.
They all benefit from AIMA's active influence in policy development, its
leadership in industry initiatives, including education and sound practice
manuals and its excellent reputation with regulators worldwide.
    AIMA is a dynamic organization that reflects its members' interests and
provides them with a vibrant global network. AIMA is committed to developing
industry skills and education standards and is a co-founder of the Chartered
Alternative Investment Analyst designation (CAIA) - the industry's first and
only specialized educational standard for alternative investment specialists.
For further information, please visit AIMA's website,

    AIMA Canada was formed in March 2003 to act as the voice of the
alternative investment industry in Canada. AIMA Canada now has over 65
members. Additional information on AIMA Canada is available at

For further information:

For further information: Media Contacts, AIMA Canada, Gary Ostoich,
(647) 287-6113,; Francis Communications, Barry
Francis, (416) 876-3204,

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AIMA Canada

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