Innovation of new funds is a win-win development


Comment by Joy Dunbar, Editor of Absolute UCITS

“Mighty oaks from little acorns grow” – a proverb

Launching a fund, especially without the assistance of an established asset manager, is challenging.

Speak to any fund managers that have considered it or achieved it and they will say that the hurdles involved are immense. It is labour intensive, the financial regulatory burden has increased enormously since the well known events in 2008 and the initial and ongoing costs are expensive.

Investor demands have also shifted and once a fund is up and running it is far from clear if many of them will be interested in the