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Opalesque Exclusive: UCITS III, the European travelling funds - part 2 – Instruments used (except for shorting), Argos are launching another UCITS III alternative equity funds later this month Benedicte Gravrand, Opalesque London: Europe’s very own travelling fund structure is further explored here with Michael Hugues, head of business development and product management at Argos Investment Managers. See yesterday’s part 1 here.

Argos Investment Managers, a specialist fund management group based in Geneva, currently manages €180 million (US$ 285.6m) through five separate investment strategies. Argos’ activities fall into three categories: UCITS III alternative equity funds, physical asset funds and client-tailored hedge fund portfolio.

You cannot physically short in UCITS III One thing that hedge funds can do and the UCITS III structure does not allow you to do is shorting individual stocks. “So for that reason, a large number of existing hedge funds don’t want to take on the expense and administrative difficulties involved in obtaining UCITS III status,” Mr. Hugues said. “Generally speaking, regulations create a barrier between the hedge fund world and the UCITS III market.”

What you can do “For ......................

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