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
The full contents of this article are available to active Absolute UCITS subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial or subscribe to Absolute UCITS.
Subscribers have unlimited access to all current content, including UCITS fund performance Live League Tables. Start your subscription today - click on the button below.