III compliant funds of funds are taking off faster than any of
the previous hedge fund wrappers on offer, in part because the
legislation has been tried in previous incarnations on the
mutual fund market, but more importantly because of the
liquidity, transparency and legal framework on offer.
The latest firms to offer UCITS III funds of funds are
Collins Stewart Fund Management, 3A Alternative Asset Advisors
and HSBC Alternative Investments (see table below). Kairos
Partners was among the first to offer a UCITS III fund of hedge
funds, while 3A launched its 3A Dynamic UCITS III fund of funds
last month. For this reason, InvestHedge and EuroHedge have
published a special report on the...