Browsing: UCITs


‘You Kick It’ and the Alternative Investment Industry

Apr 15th, 2018 | Filed under: Newly Added, Regulatory, Regulatory Environment, The Alts Industry, UCITs

The Alternative Investment Management Association, the London-based organization representing the interests of the world’s alternative investment industry, has issued a new whitepaper about the impact of the exit of the United Kingdom from the European Union. This ongoing event, known popularly as Brexit, has occupied armies of reporters, planners, andRead More

Centripetal versus Centrifugal Force: Fund Marketing in Europe

Jun 14th, 2016 | Filed under: Newly Added, Regulatory, Regulatory Environment, The Alts Industry, UCITs, Sales & Marketing in the AI Industry, Other Topics in Alts

On June 2, 2016 the EC issued a consultation document of interest to the many alpha seekers who would like to market their funds in one or more of the countries of the Eurozone. In a sense, its interest is much broader than that, because it fits into a veryRead More

KIDs Say the Darndest Things: Or, the Most Plain-Language Things

Feb 18th, 2016 | Filed under: Newly Added, Regulatory, Regulatory Environment, The Alts Industry, UCITs

Those of us with some years on us may remember that Art Linklater, an avuncular broadcast personality of the 50s and 60s of the last century, popularized the expression “kids say the darndest things,” as a recurring segment on his television show. In Europe today the question might be whetherRead More

MMIF Reporting: An Ongoing Challenge for Fund Administrators

Aug 5th, 2015 | Filed under: Hedge Fund Industry Trends, Hedge Fund Regulation, Due Diligence Process, UCITs

Guest columnist Shane Brett discusses a new RR Donnelley survey on the MMIF challenges facing fund administrators.Read More

UCITS Brand: Time for a Restricted Extension

Feb 11th, 2013 | Filed under: Regulatory, UCITs

The authors want a new "Restricted UCITS" label created to ward off a possible arms race in which depositaries otherwise will attempt to satisfy their clients in a competitive way in an escalation that will end with them "offering guarantees for risks they cannot really control." Read More

AIMA’s Caveats to the UCITS V Proposal

Oct 24th, 2012 | Filed under: Hedge Fund Industry Trends, Regulatory, UCITs

The EC is proposing changes in UCITS, especially targeted at the roles and liabilities of depositaries. We summarize here the proposal itself, and a responsive position paper put out by the Alternative Investment Management Association. Read More

Discussing Passports and UCITS Wrappers with John Adams

May 22nd, 2012 | Filed under: Regulatory, UCITs

The member states of the EU are expected to enact the pertinent legislation in July 2013. Then a London-based fund will be able to market in Italy by virtue of an intra-EU “passport,” although a hedge fund firm in New York or Hong Kong won’t be able to get such a passport for some time to come. The outsiders will have to work country-by-country, and this may well put them at a serious competitive disadvantage.Read More

Will the Babble of Many Taxes Scupper Hopes for Merger Mania and Cost Cutting under UCITS 4?

Aug 30th, 2011 | Filed under: Hedge Fund Industry Trends, Hedge Fund Regulation, Hedge Fund Operations and Risk Management, UCITs, Fees

There are high hopes that the new UCITS framework that took effect in July could herald rationalisation amongst Europe’s regulated hedge funds. While tax factors could slow down the process, UCITS has plenty of other growth drivers besides cost savings.Read More

Despite performance concerns, UCITS-compliant hedge funds still have plenty of fans

Aug 18th, 2010 | Filed under: Hedge Fund Industry Trends, Retail Investing, UCITs

A recent survey finds that UCITS-compliant hedge funds are still drawing crowds - despite a few rough edges here and there.Read More

Hedge funds: Wrap it up UCITS and put a bow on top

May 20th, 2010 | Filed under: Hedge Fund Regulation, UCITs

Panacea, cure-all, the ultimate fix for liquidity, transparency and due diligence issues - whatever you want to call it, UCITS-wrapped hedge funds appear here to stay. Read More

UCITS and NEWCITS: A better mousetrap?

Apr 22nd, 2010 | Filed under: Hedge Fund Regulation, UCITs

UCITS-structured hedge funds continue to be the trend du jour for 2010, but the jury is still out on whether they are the best route to delivering liquidity, transparency and compliance.Read More

UCITS and NEWCITS and Hedge Funds, oh my…

Jan 19th, 2010 | Filed under: Hedge Fund Regulation, Retail Investing, UCITs

The expected EU Directive in addition to generally more heightened demand for regulatory compliant alternative investments has already set in motion a wave of so-called UCITS- and NEWCITS-based funds. The question is whether they can truly live up to expectations, particularly with higher costs and lower returns?Read More