Wed, Aug 24, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers November 2012

Rules & Regulations - Recent UCITS developments that will impact emerging hedge fund managers

Lucy Frew

 

 

 

 

 

This article was authored by Lucy Frew, a senior financial services lawyer specialising in financial services regulation and investment management. She is Head of Investment Funds and Financial Regulation, London, at Gide Loyrette Nouel LLP, a law firm. She has extensive expertise in advising leading international financial institutions on complex UK and European financial services regulation and has frequently been involved in advising investment fund managers on establishing and obtaining regulatory authorisation for their businesses.

This article provides an overview of the key developments in UCITS investment restrictions that fund managers should take note of.

Recent UCITS developments will have lasting impact for those hedge fund managers offering their strategies in UCITS funds. There will also be ramifications for those with non-UCITS alternative investment funds ("AIFs") under the incoming AIFMD.

UCITS and AIFMD regulations are moving in harness with each other. Many recent UCITS developments arise from implementation of the AIFMD, itself borrowing heavily from UCITS provisions. When regulators focus on a particular area in the UCITS sphere, this indicates what may be coming for AIFs and vice versa.  Below are some key developments regarding UCITS investment restrictions which managers should note.

Background

Following the introduction of the UCIT......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Opalesque Exclusive: Algorithms platform aims to target typical challenges found in quantitative hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Last month, Quantopian received investments from Point72 Ventures, the new venture capital arm of Steven Cohen’s Point72 Asset Management.

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Opalesque Roundtable: Low and high fee investments often better than mid fee hedge funds[more]

    Komfie Manalo, Opalesque Asia: Hedge funds that charge the low and high fees stuff often provide better returns than "those sort of mid-fee investments", said Keith Haydon, chief investment officer of Man FRM. (Alternative) investment managers who charge high fees would often provide the most int

  4. Hedge fund investors pull $5.7 billion in July[more]

    From Bloomberg.com: Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge. Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 bill

  5. …And Finally - Police contact Catholic Church after baffling ‘poltergeist’ report[more]

    From Telegraph.co.uk: Police officers in Scotland have called in representatives from the Catholic Church after investigating reports of “disturbing incidents” of a "poltergeist" at a family home. A mother and her teenage son were said to be “extremely distressed” after experiencing what the D