Hedge Funds and Regulation UCITS 3

Nearly two years after the bankruptcy of Lehman Brothers brought home to the global financial industry the seriousness of the crisis that unfolded from the collapse of the US sub-prime mortgage market, the shape of the regulatory environment drawn up as a response to the past three years of turbulence is now taking shape, for better or worse. A major step came on July 21 with the signing into US law of the Dodd-Frank Wall Street Reform and Consumer Protection Act. »

 On May 17, 2010, the Securities and Investment Business Act, 2010 (SIBA) came into force in the British Virgin Islands. »

 Ifina’s organisation in June of a networking evening at BVI House in London, featuring speakers representing the global hedge fund industry and the funds sectors in the British Virgin I »

Market commentary and discussion on the merits and limitations of alternative Ucits funds continue to generate considerable interest for hedge fund managers and their investors. »

 Hedge fund managers were never going to stay away from new distribution channels for long, especially ones with the promise of onshore distribution – historically the area they had been »

 PRO   * Tried and tested structure with strong global brand * Regulation, transparency and liquidity meet investor concerns »

 There are questions about their suitability for retail investment, their ability to deliver long-term performance has yet to be proven, and Europe’s regulators could yet seek to rein in »

 Even as the growth of ‘Newcits’ funds in the marketplace accelerates, concern has been growing about their limitations and potential dangers. »

Due to the combination of bruising market losses, high correlation among asset classes, unexpected illiquidity and epic scandals, the investment management industry faces a restless, empowered investor base. »

 Hedge fund managers were never going to stay away from new distribution channels for long, especially ones with the promise of onshore distribution – historically the area they had been »

Today alternative Ucits III structures are very much in vogue, but the SEB Asset Selection Fund traces its origins back more than five years, to a train journey to northern Sweden in March 2005. »

 Traditionally Luxembourg hedge funds and funds of hedge funds have been set up under part II of the law of December 20, 2002 on UCIs and, more recently, Specialised Investment Funds governed »