How foreign funds can launch Ucits

Author: | Published: 24 Jun 2010
As Alternative Investment Fund Managers’ (AIFM) restrictions loom for fund managers, a growing number of US, Asian and Middle Eastern hedge funds are turning to Ucits vehicles in Europe.

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Interest in the vehicles is certainly rising. The first Indian focussed long-short fund in a Ucits wrapper is about to close and there are now over 20 funds containing non-European managers.

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“Half of these are...