Funds
In a new publication entitled “Making the most of UCITS IV – A flexible approach by Management Company profile”, asset servicing provider, CACEIS, sets out the business development and restructuring opportunities for management companies under the forthcoming UCITS IV regime as of 1 July 2011.
The guide separates management companies according to their profile, from new UCITS market entrants to experienced promoters. For each profile, our experts analyse possible strategies for the management company relating to opportunities created under UCITS IV, establishing solutions to reach business objectives. The guide also examines issues such as cross-border distribution, and restructuring of
Having first reported last month that Sabre Fund Management was close to launching its inaugural newcits – the Sabre All Weather Fund – last week saw it officially go live. It’s been a long process, the firm first announcing its plans back last May, but as Sabre’s managing principal Melissa Hill told Hedgeweek, “The launch has taken slightly longer than we expected, but this seems to be fairly standard.” Luxembourg Financial Group’s UCITS platform, Liquid Alpha UCITS Platform (LAUP) is hosting the Lux-domiciled SICAV, which will rank pari passu with Sabre’s flagship USD503million offshore equity market neutral Sabre Style Arbitrage
Investors expect more than USD185 billion to flow into UCITS III absolute return funds in the next twelve months, according to a Deutsche Bank survey of the industry. Using current estimates that USD140 billion is under management in UCITS III absolute return funds, the survey indicates the size of the sector will double in the year ahead.
The survey, conducted by the Deutsche Bank Hedge Fund Capital Group, indicates the industry will grow significantly, with allocations to all UCITS strategies remaining high. The bank surveyed 184 investor entities, representing more than USD2.1 trillion in assets. These wealth managers, insurance companies,