UCITS cannot invest in unregulated hedge funds, ESMA rules
Mon Nov 26, 2012
Fund managers will have to redeem hedge funds from their 'trash
buckets’, which allows UCITS-compliant funds to
invest up to 10% of net assets in transferable securities and
money market instruments.
Representatives at the European Securities & Market
Authority (ESMA) want to ensure uniform application of Article
50(2)(a) of the UCITS Directive,...
ISSN: 2151-1845 / CDC10004H
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