The UCITS III fund of funds race has kicked off with a number of providers launching new products in the space, or planning to in 2010.
Richard Sherwin and Madilean Coen
The latest to enter the market is Blacksquare Capital with the launch of the IFSL Blacksquare Multi-Manager Absolute Return Fund. One of the key traits in favour of UCITS III products after the crises of the last few years is the liquidity profile. The fund provides daily dealing. Thames River and HSBC have also launched a UCITS III fund of