UCITS wrapper becoming essential, says Wegelin
Tue May 3, 2011
The UCITS wrapper has become essential for investors as it has become increasingly harder to market offshore hedge funds, according to Daniel Leveau from Wegelin Asset Management – which is part of the Swiss private bank.
Daniel Leveau from Wegelin Asset Management
But it is also important to highlight that UCITS hedge funds are not a holy grail, Leveau adds.
He says: “As some illiquid strategies cannot be implemented within the UCITS framework so there will always be a place for offshore vehicles.
“The well known events...
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