More than 400 delegates gathered at the British Museum in London last month for the InvestHedge Forum. The hedge fund UCITS industry was discussed in a stream session.
The panellists in the UCITS product development stream session held in association with Deutsche Bank's db funds division said UCITS III offers an opportunity to broaden the client base both in terms of geography and type of client. Donald Pepper of Henderson Global Investors said, albeit tongue-in-cheek, that hedge fund managers were heroic in giving the mass affluent the opportunity to invest in hedge funds and giving them access to higher returns.
Donald Pepper: Henderson Global Investors
But various panellists warned the returns may not necessarily be as high as for the offshore products