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


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