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Funds rush to dodge new European rules

Posted on 13 May 2013

A controversial hedge fund-lite structure looks likely to survive, despite a regulatory clampdown that has claimed its first victim. Cantab Capital Partners, a $5.5bn systematic global macro manager, last week announced the imminent closure of its only onshore Ucits fund as a result of pressure from European regulators.
However, fund promoters are restructuring a swath of similar funds, advised by groups such as Winton Capital, Man Group and Aspect Capital, to get around new rules imposed by the European Securities and Markets Authority…………………………………..Full Article: Source


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