Sandler O'Neill Asset Management is the latest US-based manager to launch a UCITS hedge fund.
The MS SOAM US Financial Services UCITS Fund is currently in the process of being approved by the Irish regulator.
Other prominent US-based managers launching UCITS hedge funds this year include Wall Street legends John Paulson, Barton Biggs and Thomas Sandell. Last week another multi-billion dollar hedge fund manager, AQR Capital Management, launched a UCITS-compliant global relative value investment strategy fund on the Bank of America Merrill Lynch platform (read earlier story here).
A survey by AlphaMetrix, a company that provides services to hedge funds, found that 27% of US-based hedge managers plan to create a UCITS structure this