UCITS will become a permanent part of the investment
mainstream, according to Wyllie, portfolio manager of the
Iveagh Newcits Fund which launched in June this year.
says: "I am not sure the development of hedge fund UCITS will
be completely plain sailing and will go through some growing
pains, a degree of over population, over capacity with too many
strategies and products.
the good funds will survive and prosper and at the end of it
you will have a newly investable asset class, which are
regulated hedge funds. It could potentially be a big
potential for growth for so-called Newcits funds because retail
investors now have access to the investment
wealth managers and private banks allocate 20% to hedge funds
for a typical client portfolio," Wyllie says.