The Alternative Investment Management Association, the global hedge fund association, has launched an online self-diagnostic tool and detailed guide to implementation for firms needing to comply with the Alternative Investment Fund Managers Directive. The diagnostic tool and implementation guide, jointly produced by Aima and accountancy firm PwC, will help Aima's member firms prepare for and track their compliance readiness. The guide sketches out the various strategic and business options both EU and non-EU managers should consider when planning for compliance with the Directive. It is supplemented by an online self-diagnostic tool that will assist managers as they approach the relevant implementation deadline.