Politics & Regulation Regulation

IMA mulls UCITS hedge sector


The UK Investment Management Association is considering creating an alternative sector because of the growing number of UCITS hedge funds.

The IMA, the trade body for the UK's £3 trillion asset management industry, is currently reviewing its sector classifications.

Jane Lowe:IMA

Jane Lowe, director of markets at the association, says that absolute return trend has not “reached its final resting place” and now that the sector is maturing its next step is to find its permanent home in the sector scheme.

She says: “The IMA Absolute Return sector binds the funds within it by two linked criteria: the aim to produce a return of more than zero; and to do that within rolling periods