More fund groups are launching UCITS hedge funds in the Nordic region, according to a new report.
The 24-page report, Nordic Fund Industry Outlook 2011, states that asset managers are “stuck between a rock and a hard place” and the response to this has been for fund groups to launch more unconstrained funds or funds in the UCITS III space.
The report quotes an unnamed fund company representative who states: “Product development is an important challenge for us as we spend a lot of time and resources on finding products that can produce alpha.
“We see an increasing need and demand for ‘alpha adding satellites’. UCITS III, absolute return funds will gain more attention next year