Politics & Regulation

IMA conducts alternative UCITS categorisation review


The association that represents that mainstream asset management industry in the UK has issued a consultation about the categorisation of the alternative UCITS funds sector.

There is likely to be a continued trend towards the launch of more sophisticated ‘hedge fund-like’ strategies being wrapped into UCITS, according to the Investment Management Association’s 24-page report, IMA proposals for the future of the Absolute Return sector.

The IMA wants to group these new-style returns-based funds coherently alongside its more traditional asset-based sectors.  In the context of a low interest rate environment and with concerns about volatility in the markets, investor demand for