http://allaboutalpha.com/blog/2009/09/22/hedge-fund-mutual-fund-convergence-in-europe-and-the-us-seen-to-mirror-each-other/ A finance blog about hedge funds, portable alpha and alternative investing. Mon, 13 Feb 2012 11:26:54 +0000 http://wordpress.org/?v=abc hourly 1 http://allaboutalpha.com/blog/2009/09/22/hedge-fund-mutual-fund-convergence-in-europe-and-the-us-seen-to-mirror-each-other/comment-page-1/#comment-206424 THE FINTAG NEWSLETTER @ 23 September 2009 | Pastoon Wed, 23 Sep 2009 06:21:46 +0000 http://allaboutalpha.com/blog/?p=6232#comment-206424 [...] all about alpha Undertakings for Collective Investment in Transferable Securities (UCITS) – retail investment funds authorized by one of the member states of the European Union (EU) and thereby passported into the rest of the EU – represent the dominant platform for retail investment funds in Europe. See “UCITS: An Opportunity for Hedge Fund Managers,” The Hedge Fund Law Report, Vol. 2, No. 27 (Jul. 8, 2009). Collins Stewart, a London-based financial advisory group, recently announced that it plans to launch a fund of funds within the UCITS structure. This announcement, and a similar announcement from Schroders PLC that it is working with hedge fund managers to launch a range of UCITS funds for sophisticated investors, serve as evidence of the increasing convergence of hedge fund strategies and the UCITS structure. The convergence mirrors a similar trend in the U.S. in which hedge fund strategies are being offered in mutual fund or exchange-traded fund vehicles. These trends on both sides of the Atlantic are part of a more overarching trend toward retailization of hedge fund strategies, which heretofore have been the exclusive province of high net worth individuals and sophisticated institutional investors. [...] [...] all about alpha Undertakings for Collective Investment in Transferable Securities (UCITS) – retail investment funds authorized by one of the member states of the European Union (EU) and thereby passported into the rest of the EU – represent the dominant platform for retail investment funds in Europe. See “UCITS: An Opportunity for Hedge Fund Managers,” The Hedge Fund Law Report, Vol. 2, No. 27 (Jul. 8, 2009). Collins Stewart, a London-based financial advisory group, recently announced that it plans to launch a fund of funds within the UCITS structure. This announcement, and a similar announcement from Schroders PLC that it is working with hedge fund managers to launch a range of UCITS funds for sophisticated investors, serve as evidence of the increasing convergence of hedge fund strategies and the UCITS structure. The convergence mirrors a similar trend in the U.S. in which hedge fund strategies are being offered in mutual fund or exchange-traded fund vehicles. These trends on both sides of the Atlantic are part of a more overarching trend toward retailization of hedge fund strategies, which heretofore have been the exclusive province of high net worth individuals and sophisticated institutional investors. [...]

]]>