Industry Analysis Wrappers / Structures

Are UCITS funds the future in a hybrid asset management world?


Everyone, it seems, is launching UCITS funds: hedge fund managers, traditional asset managers, even funds of funds. Are they just a short-term fad or the face of the future?

It may seem antithetical to the spirit of the hedge fund industry that the hottest new hedge fund-type investment products are based onshore, do not require big up-front investments and can be sold to the person on the street.

Peter Harrison and Doug Shaw

But that is precisely what has been happening thanks to UCITS III, the third version of the Undertakings for Collective Investment in Transferrable Securities (UCITS), which allows for a much broader range of investment strategies than its previous versions.

Simply put, the UCITS framework allows onshore and even retail