York adopts UCITS structure ahead of pending European regulations

Fri Jul 17, 2009




With impending European regulations expected to make it all but impossible for U.S. hedge funds to take capital from foreign investors, York Capital Management has turned to the UCITS III structure (Undertaking for Collective Investments in Transferable Securities) as a way to legally avoid any such restrictions.

York has essentially created a passport that will enable the New York-based firm to continue attracting overseas investors regardless of rule changes.

York set up its UCITS III structure with the help of Bank of America Merrill...

ISSN: 2151-1845 / CDC10004H

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now