The sun shines on Latin American UCITS

Tue Sep 4, 2012

Latin American investors and asset managers are increasingly seeing the advantage of using the UCITS wrapper. Joy Dunbar, editor of Absolute UCITS, explores how hedge fund managers from the region are using the framework.

Emerging markets are leading the economic recovery. Debt-laden developed economies in the US and Europe are unable to produce growth to transform their struggling economies – so investors, including those investing in alternative assts, are diversifying and moving towards Latin America.

Investors and asset managers in Latin America, like their counterparts in Asia, are increasingly using the UCITS wrapper to broaden distribution. And investors in countries that permit investments that use the framework are also taking advantage.

Hedge fund managers using the UCITS framework

About 80% of the hedge fund managers in the region are headquartered in Brazil, primarily centred in the São Paulo and Rio de Janeiro areas, and an increasing number are launching UCITS-compliant funds.

Brazilian hedge fund managers Claritas Investimentos and BTG Pactual are among those that have already launched alternative UCITS using the framework. Other asset managers and banks in the region are set to launch...

ISSN: 2151-1845 / CDC10004H

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