What the future holds - New types of fancy wrapper

Tue Oct 27, 2009

Critically, the new products coming online are continuously adding to the diversity of strategies available to investors within the UCITS wrapper. Nevertheless, there is some debate as to whether the launches are helping to bring new investors into the world of absolute return products, or are simply cannibalising their existing investor bases by offering them similar products with a different liquidity profile.

Managers certainly appear to have recognised that danger, and are both choosing and marketing their product lines accordingly.

"We’re not planning to market ourselves very heavily to funds of funds, which in many cases probably wouldn’t be too interested in our products anyway, given that we’re not offering pure replicas of the more common hedge fund strategies, such as long/short equity market neutral," says Andrea Brignone, partner and co-CEO of BCM & Partners. "Funds of funds already have these products in their allocations and they would of course...

ISSN: 2151-1845 / CDC10004H

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