Private banking industry looks to UCITS

Wed May 18, 2011




The private banking industry is rebuilding its alternative fund offering by using the opportunities created by absolute return UCITS, according to Eric Personne from Bank of America Merrill Lynch.

Merrill Lynch Investment Solutions UCITS SICAV has strong sales from private banks' and fund of funds investors, according to Personne, head of EMEA Equity Structuring and Fund Solutions.

He adds: "The private banking industry has suffered a bad experience with hedge funds and funds of hedge funds during the crisis, and is still dealing with the consequences of...

ISSN: 2151-1845 / CDC10004H

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