Politics & Regulation

UCITS complement and don’t compete with hedge funds, says Dexia


Absolute return UCITS funds do not represent competition to hedge funds but are a complementary offering, according to Fabrice Cuchet from Dexia Asset Management.

Cuchet, chief investment officer of alternatives at Paris-based Dexia, also says the UCITS legislation will not replace hedge funds.

Fabrice Cuchet: Dexia Asset Management

He adds: “UCITS are always developing. The fourth version is about come into force and discussions about UCITS V have started. For alternative asset managers the legislation has presented a real opportunity.

“But the developments are not aimed at replacing hedge funds because UCITS have more constraints and the