Recherche Web. Financial Marketing UK | UCITS III: hedge fund marketing made si. UCITS III Attracting Hedge Fund Managers. 17 September 2009 0Google + 0Delicious 0Reddit New interest has been kindled in a European investment fund vehicle, UCITS III - "Undertakings for Collective Investments in Transferable Securities".
Hedge funds Man Group and Cheyne Capital are in the process of launching onshore funds in this format following in the wake of Brevan Howard, Marshall Wace, and Kairos Partners. The attraction of this format is that it has a tried and tested regulatory framework that allows it to be set up and approved in one European jurisdiction and then marketed to retail investors in all other EU countries subject to a simplified registration process. The investment managers are subjected to regulations restricting investment and borrowing powers. Man Group, the world's biggest listed hedge fund firm with USD43.3bn under management, will launch its second UCITS III fund in October under the title "Man AHL Diversity. " Growth of UCITS III hedge funds: Global opportunities for altern. The Growth of UCITS III hedge funds and global opportunities for alternative investors and fund managers More and more managers are using Europe’s UCITS III structure to create hedge fund-lite vehicles.
With more regulators accepting the UCITS brand its importance to fund promoters is clear. There are important challenges in manufacturing and distributing UCITS funds so as long as managers have a clear focus and suitable operations the door is wide open to attract investors. UCITS III could be the road to recovery for alternative fund managers burnt by the financial crisis but the road is covered with potholes and road signs that must be adhered to. Fund managers and promoters are attracted by UCITS III gold standard status and flexibility to accommodate the more liquid hedge fund strategies. When confidence was shaken to its core investors looked at hedge funds and were dissatisfied. The crisis showed inherent weaknesses in hedge fund structures, strategies and operations.
Perfs. UCITS the vehicle for hedge funds to go mainstream | AR Absolute. Lu_fr_tropzonesombres_22092009.pdf (Objet application/pdf) A powerful new resource for Newcits analysis | Fund Selector | C. View the brand new Citywire Newcits database here Citywire first coined the phrase Newcits to describe hedge fund style strategies available within the Ucits III framework.
The universe has evolved with launches being announced by the day and our research team, headed by Jonathan Miller, has created a Newcits database and classified these funds. They created 13 peer groups and their independent analysis and filtering has brought together 276 funds that use derivative instruments as a central part of their process. Their total assets under management is € 49 billion (£43 billion) and the sectors break down as follows: It comes as no surprise that Long/Short Equity has the most funds given its liquid approach, making it one of the most suited to a Ucits III wrapper. Nearly three quarters of Newcits funds (73%) have a one year track record and 40% have performance dating back three years. The database will continue to grow as new funds become live and it will be updated each month. Home - Ucitsindex.com. The UCITS HFS Index was created in order to provide a performance overview of all hedge funds that are UCITS compliant.
Therefore all UCITS funds that apply strategies normally used in hedge funds (also known as absolute return strategies) are tracked that have more than EUR 10 million of assets under management and offer at least weekly liquidity. The UCITS HFS Index currently tracks over EUR 160 billion of assets under management. Performance UCITS HFS Index Performance February 2014 by strategy.