Alternative investment management company

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Alternative investment management companies are the structural (legal, corporate) entities that manage alternative investment instruments such as hedge funds. Because hedge funds themselves are hard to define, a single AIMC may run several "funds" over the course of its existence, and because a many AIMCs are involved in other activities besides tending to the hedge funds that they run (for example, many essentially act as venture capitalists in certain sectors), the term has come into being to distinguish the financial instruments such as hedge funds from the legal entities that run them.