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...


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