Investors are demanding more managed accounts that use the UCITS wrapper, according to Edwin Parker, London-based director of EMEA region business development for fund administrator Butterfield Fulcrum.
Parker says that UCITS managed accounts are a reflection of changes within the industry.
He says: “We are beginning to seeing the emergence of UCITS managed accounts by investors who are demanding them. Investors want consistent, reliable returns and managed accounts in a UCITS wrapper to provide greater liquidity, transparency and risk management.
“UCITS are not going to completely dominate the hedge fund world, as there will always be a requirement for less