The widespread use of Ucits by the hedge fund industry is gaining momentum, said fund managers at a seminar hosted by the Irish Funds Industry Association on behalf of the funds industry in Ireland. Over 400 investment management professionals, influencers and decision makers attended the event to discuss the growing interest among hedge fund managers in Ucits structures. The panel of hedge fund managers discussed their motivations for establishing Ucits funds. In the current environment of uncertainty over the regulation of hedge funds, the regulatory certainty afforded by Ucits was a major advantage, according to the panel. Ucits III is a very good example of how the Ucits framework enables product innovation while insisting that strict regulatory standards are followed. The evolution of Ucits has continued with Ucits IV, which will increase efficiencies in the European asset management industry and further enhance the market for cross-border funds. read more

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