Hedge Funds Launching UCTIS Onshore Funds In Europe
Monday, November 23, 2009 : PermalinkNew York (HedgeCo.net) – According to research from HedgeFund Intelligence, more than half of the Europe’s hedge fund firms have either launched onshore Undertakings on Collective Investment in Transferable Securities, (UCITS) hedge funds or are considering it.
Some of Europe’s biggest hedge fund firms, according to WSJ, have already launched UCITS onshore funds, including Man Group PLC, GLG Partners Inc. and Brevan Howard Asset Management LLP.
In a survey of Europe’s 650-plus hedge fund firms, HedgeFund Intelligence found that about one-fifth of them have already launched a Ucits fund or are in the process of doing so. Of those with no imminent plans for a launch, 40% said they would consider it.
Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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