The Alternative Investment Management Association, a global body representing hedge funds, said today it will meet US policymakers and supervisors in September over the implementation of the Dodd-Frank Act.

"Many of the measures that feature in the Dodd-Frank Act are being discussed in other jurisdictions, and it is desirable that there is a large degree of consistency in terms of approach and implementation," said Aima Chairman Todd Groome in a statement. "If that consistency is not achieved it could lead to unnecessary duplication and increased costs."