Europe and UCITS - the good, the bad and the ugly


By Neil Wilson

In last month's column, I was perhaps a tad premature in my praise of the Alternative Investment Management Association, the international hedge fund association, for steering the G-20 toward a more sensible stance on hedge funds at its recent summit in London. At the time, the possibility of crippling new regulations - demanded loudly ahead of the G-20 meeting by France and Germany, among others - appeared to have been successfully averted.

Unfortunately, it now appears that I spoke too soon. Almost as soon as the ink was dry on the G-20 communiqué, the European Union came