Retail orientated absolute return funds, like alternative UCITS, are driving traditional funds to incorporate hedge fund characteristics, according to software company Multifonds.
Retail investors looking for absolute returns, institutional investors increasing allocations to hedge funds and new regulatory requirements like the AIFMD, were the main catalysts for convergence, according to the report, Convergence and the impact of AIFMD (Alternative Investment Fund Managers Directive).
The survey showed that 43%...