Wrappers / Structures

UCITS III funds of funds take off, with many market leaders following fashion


UCITS III compliant funds of funds are taking off faster than any of the previous hedge fund wrappers on offer, in part because the legislation has been tried in previous incarnations on the mutual fund market, but more importantly because of the liquidity, transparency and legal framework on offer.

The latest firms to offer UCITS III funds of funds are Collins Stewart Fund Management, 3A Alternative Asset Advisors and HSBC Alternative Investments (see table below). Kairos Partners was among the first to offer a UCITS III fund of hedge funds,