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From Precy Dumlao, Opalesque Asia

A survey (here) made by KdK Asset Management, a London-based investment management company, has revealed that at least 80% of the big hedge funds are planning to launch products under the European Union's Undertakings for Collective Investment in Transferable Securities (UCITS III) framework this year.

The move is motivated by the ambition to gather more assets from sources that are no longer accessible through offshore funds or managed accounts, thanks to either new or pending regulations, according to AllAboutAlpha.com.

The KdK survey said that four large London-based fund managers, namely Brevan Howard, GLG Partners, Man Group and Odey Asset Management – have taken the UCITS approach. And more are expected to follow.

It underscored the significant demand for funds of hedge fund (FoHFs) strategies offered as UCITS from different types of investors. At the same time, the study revealed that the current investment sector is not considered deep enough. However, most of those polled said they expected UCITS hedge funds to underperform their equivalent offshore funds.

About 75 to 100 funds of Ucits hedge funds are estimated to have been launched, a figure that rises to around 300 when Ucits hedge funds created by former long-only asset manag......................

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