Investors will decide for themselves how they want their funds wrapped or structured says Andrew Baker chief executive of the Alternative Investment Management Association, when asked about the development of Newcits funds.
Baker stresses that AIMA is fund structure and wrapper neutral, but the growing trend for hedge funds UCITS is influencing the alternative industry all over the world.
There are many people in the industry who are surprised about how rapid the uptake of UCITS hedge funds have been and how quickly managers have converted their fund ranges into UCITS wrappers, he adds.
|Andrew Baker, chief executive of AIMA says that European regulators are protective of the UCITS brand|
There is a direct trade-off between investment freedom and UCITS that have