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From Kirsten Bischoff, Opalesque New York:
In the financial world people tend to take notice of numbers like 500%. That number represents the asset growth that UCITS funds have seen during the past 4 years. Meanwhile, the hedge fund industry has seen its own assets stagnate, growing at a rate of only 2% during that same period of time. And even though hedge fund assets still dwarf the assets in UCITS funds ($1.24tln to $83bn) it is likely that we will see a further explosion in the existence of these funds as hedge fund firms struggle to regain the attention and the faith of investors.
"For us, the UCITS III is another tool you can offer to your client base, and is increasing the choice for investors, which is good. UCITS III has advantages and disadvantages, which different investors will weigh differently. Hence while it will be the way to go for some investors, others will continue to stick to the traditional unregulated fund of hedge funds," Chris Manser, Global Head of Hedge Funds at AXA Investment Managers commented at the recent Opalesque Zurich Roundtable.
AXA is currently planning on launching a UCITS fund of hedge funds "in due course," Manser announced at the Roundtable. Opalesque Roundtable readers also learned that further additions to the UCITS landscape include a fund of funds to be launched by $250m Swiss firm 47 Degrees North and a UCITS III fund that Ale...................... To view our full article Click here
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