Alternative Investment Market


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Related to Alternative Investment Market: Alternative investments

Alternative Investment Market

Any investment other than a stock, bond, or cash. Prominent examples include derivatives, hedge funds, real estate, and commodities. Most of the time, institutional investors and high net-worth individuals are the main holders of alternative investments. This is because they are subject to fewer regulations and are consequently riskier than most other investments. Alternative investments are rarely required to publish independently verifiable financial information. They also have particularly high minimum investments, which discourage casual investors. Alternative investments are controversial in many quarters. Because of the comparative lack of regulation and disclosure, they are subject to scrutiny from politicians and economic analysts. However, they often have high returns.

Alternative Investment Market (AIM)

a market for corporate STOCKS and SHARES that have not obtained a full STOCK MARKET listing. An unlisted securities market (USM) was established in the UK in 1980 in order to provide smaller companies with a means of raising new capital (see SHARE ISSUE) without the expense and the same formalities required by the main stock market. For example, such companies need only have a brief trading record to qualify and the proportion of their shares sold in the open market need only be 10% of their ISSUED CAPITAL instead of the usual 25%. The USM was phased out in 1996 and superseded by the Alternative Investment Market (AIM). AIM imposes no minimum on the percentage of a company's shares in public hands and no minimum trading record.

Alternative Investment Market

see UNLISTED-SECURITIES MARKET.
References in periodicals archive ?
In August 2006, the Company raised $100 million in an IPO and is listed on the Alternative Investment Market, "AIM", a market operated by the London Stock Exchange, under the ticker IHC.
Exchange for admission to trading on the Alternative Investment Market of
In addition to the analysis provided by our journalists, we are delighted to include expert content on the appeal of London's Alternative Investment Market for North American media companies from leading private equity firm and investment bank, Beringea.

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