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On May 17, 2010, the Securities and Investment Business Act, 2010 (SIBA) came into force in the British Virgin Islands.
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.
The interest is backed by recent statistics from the European Fund and Asset Management Association showing continued recovery and overall net inflows for Ucits since the turn of the year. At the end of May, total net assets within Ucits stood at EUR5.58trn, representing about 76 per cent of all European investment fund assets. While the alternative Ucits sector is currently a small fragment of the Ucits market, it is growing rapidly.
This trend is
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.
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.
In addition to a focus on transparency and liquidity, retail investors and their advisors – as well as smaller institutional investors – are increasingly focused on absolute returns and investment strategies uncorrelated with long-only equity and bond indices.
Consequently, asset allocation trends are accelerating demand for products that combine access to non-correlated strategies and asset classes with the liquidity and transparency of registered investment products.
With more than 50 per cent of
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.
For the alternative asset management sector in particular the Dodd-Frank Act, which covers a vast swathe of financial sector
Law firm Sidley Austin has appointed Alyssa A. Grikscheit as a partner in the Latin America and investment funds, advisers and derivatives practices.
She will be based in the New York office and will focus on cross-border transactions and alternative investment funds.
Grikscheit has significant experience representing clients in Latin American, emerging market and other cross-border transactions, including M&A, joint ventures and fund formation.
“Alyssa brings considerable experience in cross-border transactions in emerging and developed markets and fund formation, particularly for funds involving international investments and alternative asset classes,” says Carlos A. Rodriguez, a partner in the firm’s Latin America
EFAMA released its latest research report this week, in which it finds that long-term UCITS favoured much stronger than shorter-term money market funds for June.
Pictet Funds has announced this week it is launching Pictet-Environmental Megatrend Selection, a euro denominated UCITS-III compliant fund of funds.
This year, in the traditional equity L/S strategy category one fund has stayed consistent: Fidelity International’s Fidelity Active Strategy (FAST) Europe 1 EUR ACC fund.
As investors continue to see the benefits of UCITS, so the number of platforms to facilitate fund growth expands.
