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
"Structural differences between UCITS products and the
underlying hedge funds they are...
ISSN: 2151-1845 / CDC10004H
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