| 12.01.2010 Opalesque Exclusive: Ernst &Young survey finds UCITS IV gives focus to business model alignment and operational efficiency, not cost reduction |
| From Sagar Chakraverty, Opalesque Asia: A new survey from Ernst & Young (E&Y), one of the largest global auditing firms, reveals that new directive on Undertaking for Collective Investment in Transferable Securities IV (UCITS IV) has a lower cost reduction opportunity than initially expected by many European investment fund asset managers. So hedge fund managers, who are trying to move into |