COMMENT by Joy Dunbar, Editor of Absolute UCITS
When I read in a recent report the UCITS hedge fund industry could grow to be a $1.5 trillion or €1.2 trillion industry by 2020 I was very surprised.
The figure is only slightly less than the current assets of the global hedge fund industry which stands at $1.87 trillion.
According to a report commissioned by the Association of the Luxembourg Fund Industry, published in November 2010 (read here), ALFI expects the alternative UCITS industry to experience phenomenal growth in the next few years.
It points to several reasons why this could be the case: If alternative UCITS