The UCITS wrapper has become essential for investors as it has become increasingly harder to market offshore hedge funds, according to Daniel Leveau from Wegelin Asset Management – which is part of the Swiss private bank.
Daniel Leveau from Wegelin Asset Management
But it is also important to highlight that UCITS hedge funds are not a holy grail, Leveau adds.
He says: “As some illiquid strategies cannot be implemented within the UCITS framework so there will always be a place for offshore vehicles.
“The well known events impacting the investment industry over the last couple of years