Hedge funds: Wrap it up UCITS and put a bow on top
| May 20th, 2010 | Filed under: Hedge Fund Regulation, Today's Post | By: AAA Staff |
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“I never saw anything accepted so quickly. We didn’t realize it then, but for all practical purposes, an entire new industry had been born…”
So marveled J.C. Hall, founder of Hallmark Cards, in his autobiography “When you care enough.” He was talking about the new invention he had stumbled upon one Christmas: wrapping paper.
Nearly a century later, a new kind of wrapping is being invented that seems poised to kick-start – or at least re-invent – an entire industry: the UCITS III wrapping.
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