Thu, Apr 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS III hedge fund offerings proliferate as new industry model gains traction – HFR

Wednesday, February 10, 2010
Opalesque Industry Update - More than 200 hedge fund offerings now comply with UCITSIII guidelines, reflecting the continued evolution of the industry to meet institutional investor standards, according to Hedge Fund Research Inc., the leading provider of data and analysis of the hedge fund industry. The number has grown rapidly in the last 18-24 months, before which time few hedge funds offered UCITS III products to investors.  Total hedge fund assets under management in UCITS III-compliant funds now exceed £35billion, a figure that is likely to continue to grow in the near future.

Undertakings for Collective Investment in Transferable Securities, or UCITS, are a set of European Union (EU) directives that allow investment funds to distribute throughout the EU on the basis of a single authorization from one member state; UCITS III is the latest iteration of these directives. Despite the focus on EU investors, UCITS III compliant offering are not limited to EU-located or domiciled hedge fund firms; in fact, firms across all regions have created investment vehicles which are complaint with the UCITS III standards. In some cases firms are receiving UCITS III approval for existing vehicles, while in other cases firms are launching new products which conform to the UCITS III guidance.

“ As the structural requirements of institutional investors continue to shape the landscape of the industry, funds conforming to UCITS III guidance have generated a significant amount of interest” said Ken Heinz, President of Hedge Fund Research, Inc. “UCITS III constitutes a compelling and tractable set of guidelines which serve to greatly enhance product transparency, cross-border distribution, and risk control, while at the same time providing an attractive alternative to other regulatory proposals under consideration by various financial regulatory authorities globally.” Corporate website: Source

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac