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Benedicte Gravrand, Opalesque London:
Yesterday’s Part One (“Hedge fund managers adopt UCITS regime to load up on assets, but may have to surrender higher performance”) can be found here.
Assets
UCITS assets have grown rapidly to almost €4.8tn (US$6.5tn) since the original UCITS directive in 1985. Today, 40% of UCITS funds are sold outside of the European Union in Asia, the Middle East and Latin America, making them Europe’s most successful financial services export, according to a recent vision report, UCITS IV: The Path to Greater Efficiency, by State Street, a global provider of financial services to institutional investors.
According to statistics for Q3-09 from EFAMA Int’l, the USA manages 44.5% ($9.96tln) of the global fund industry’s assets, Europe 38% ($8.5tln), Brazil 5%, Australian 5%, Japan 3% and the remainder in the rest of the world. 33.8% of these assets are run under the UCITS regime. “UCITS is the most significant international brand,” said Peter O’Dwyer of Trinity Fund Administration.
And Chicago-based data provider HFR recently announced tha...................... To view our full article Click here
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