Mon, Mar 27, 2017
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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He