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From the Opalesque team:

If anyone was questioning the staying power of UCITS III funds, the investment vehicles have ratcheted up over $52bn in assets, according to Eurekahedge. The firm has been tracking the UCITS III sector in preparation for the launch of the Eurekahedge UCITS III Hedge Fund index, which will launch in April 2010.

Tracking UCITS III funds during 2009, the firm estimates that almost 100 new UCITS III compliant products were launched, and the beta version of the index shows 2009 returns of +14.1%.

Announcements of launching UCITS funds have dotted the headlines over the past few months. In just the first two days of this week, Opalesque brought news of the launch of a new Salus Alpha Special Situations fund created in a UCITS structure and a UCITS fund of funds vehicle launched by Focus Investment Group.

With 35% of institutional investors anticipating UCITS investments over the next 6-12 months (Preqin), the trend is seeing many managers hungry to raise assets make the decision to go through the process of making funds UCITS compliant.

The sudden media attention on UCITS is reminiscent of last year's focus on managed accounts. However, as time progresses, and regulatory agencies do not legislate ......................

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