Money managers under the microscope
Can Ucits help the struggling fund of hedge funds industry?
Funds of hedge funds have had a hard time since the onset of the credit crisis, what with the Madoff scandal, widespread gating and sidepockets and underperformance versus single-manager hedge funds in 2008 and 2009.
However, Ucits — onshore funds viewed as more transparent and more liquid — have been widely seen as a fresh injection of capital into the hedge fund industry and could prove a much-needed boost for funds of funds looking for a new client base to tap.
Find out Credit Suisse’s views in this Reuters Insider interview with fund manager Salvatore Cordaro.