More than a quarter of US-based hedge fund managers are going to create a UCITS structure this year, according to a survey.
The survey was conducted by Chicago-based AlphaMetrix, a company that provides services to hedge funds.
It found that 27% of managers plan to create a UCITS structure in 2011 and 18% of investors plan to invest in a UCITS structure in 2011.
Aleks Kins, chief executive of AlphaMetrix, says: “There is no doubt that UCITS structures are gaining increased attention from US hedge funds. Fund managers see UCITS as a way to meet demands for transparency and liquidity while opening a potentially significant new distribution opportunity. That said, our AlphaMetrix 2011 Summit survey shows that the jury is still