UK’s FSA warns about potential UCITS mis-selling

Mon Nov 22, 2010



The UK regulator has warned that there could be an increased risk of mis-selling.


Some regulators are skeptical about the merits of UCITS hedge funds, according to a report published by PricewaterhouseCoopers, From black box to open book: Hedge fund trust and transparency.

Andrew Crain, manager of London-based Financial Services Authority's alternative investments and asset management team, explains: "As we see the market for UCITS-type products with hedge fund attributes proliferate, there may be an increased risk of mis-selling or misunderstanding.

"Structural differences between UCITS products and the underlying hedge funds they are...

ISSN: 2151-1845 / CDC10004H

TAKE A FREE TRIAL

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

To continue reading please,
take a free trial or subscribe to Absolute UCITS.

Subscribe

Subscribers have unlimited access to all current content, including UCITS fund performance Live League Tables. Start your subscription today - click on the button below.

Subscribe now