UBS adds to UCITS platform offering
Thu Jan 20, 2011
UBS is the latest investment bank to launch a UCITS platform. Joy Dunbar, editor of Absolute UCITS, speaks to directors Desikan Narasimhan and Daryl Wright about the platform.
UBS is the latest financial services company to launch a
UCITS platform. The UCITS hedge fund sector currently has
around 15 platforms servicing the sector each using different
charging, setting up, structuring and fee models.
The UBS Managed Accounts Arena Platform offers UCITS hedge
funds, together with Irish hedge funds and Cayman domiciled
UBS's initial UCITS hedge fund focus will be on relatively
simple alternative strategies like equity long/short, global
macro and event driven.
Desikan Narasimhan, chief executive of the UBS Managed
Accounts Arena Platform, says it has received a lot of interest
from US and Asian-based managers who want to launch UCITS funds
onto its platform.
The platform is currently on-boarding an Asian long/short
equities fund and a European high yield bond fund.
Narasimhan says: "UCITS are a component of our overall
offering. We are looking for a broad representation of
different strategies for our platform like absolute...
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