This edition of the AIMA Journal reflects just how truly global AIMA is. Featuring insights that span from the golden opportunities emerging in Japan to the increasing allure of Italy as a domicile. Our contributors provide invaluable perspectives on key industry trends that challenge and redefine how fund managers operate, from the increasing role of artificial intelligence to shifts in tax policies across major jurisdictions.
 
AI and technology remain at the forefront of industry innovation. This edition explores the increasing role of AI in risk management and fund operations, shedding light on the opportunities and risks of integrating new technologies into investment processes, including lessons from DeepSeek that truly shake up the AI landscape.
 
Elsewhere, operational efficiency remains a key focus for fund managers. The rise of outsourced trading and middle-office solutions reflects a broader shift toward scalability and cost-effectiveness. Our contributors examine the opportunities this presents in an increasingly digital industry.
 
To learn more about these trends, I encourage you to explore AIMA’s 2025 global events calendar. Whether it’s our Digital Assets Conference in New York, Technology & Innovation Day in London, or the AIMA Global Investor Forum in Toronto, these gatherings provide essential opportunities for learning, networking, and collaboration. We encourage all members to take advantage of these forums to stay ahead.
 
Finally, I implore members to visit AIMA’s newly revamped Investment Manager DDQ library. Key new enhancements include a decision tree tool to simplify module selection, a new Private Markets strategy module, a streamlined question structure, reducing redundancy, and improved flexibility in responding to data requests.
 
As always, thank you to our contributors, members, and partners for making this journal an essential source of industry knowledge.