Hedge funds adopting UCITS principles, ALFI conference told

Tue Dec 6, 2011




Hedge fund managers are now applying some of the investment principles of the UCITS directive to their offshore funds as well, according to Christian Szylar from London-based Marshall Wace Asset Management. Some of the aligned investment principles from the UCITS directive like value-at-risk, leverage and global exposure limits are now being used by hedge fund managers, according to Szylar, global head of risk and performance measurement for the hedge fund manager.He was speaking on a panel at the Association of the Luxembourg Fund Industry's European alternative investment funds conference on the alignment between UCITS and hedge fund industries. James Kaufmann, general counsel for RWC Partners in London, concurred that there was alignment between hedge funds and alternative UCITS. He told the audience of hedge fund professionals: "RWC has been running UCITS and hedge funds side-by-side. It has not affected the way we run our strategies. "We will be running the...

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