Funds Hub
Money managers under the microscope
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Galleon to liquidate funds, despite good returns- Reuters
Sweden attempts deal to drop EU cap on hedge fund borrowing- Reuters
Hedge funds set for record returns- Money Management
Lehman hedge funds customers can claim interim income- Times
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Ex Goldman’s Carhart to launch his own firm – Reuters
EU rules may cost hedge funds, private equity over 3 bln euros – Reuters
Hedge fund start-ups approach UBS – Bloomberg
More hedge fund managers strike out on their own- Investment Week
The use of UCITS
Hedge funds are continuing to react to potentially seismic shifts in regulation.
A number of firms, notably Man Group and Cheyne, are debuting onshore funds that will use the ucits structure — not only widening the potential pool of investors but also sidestepping the EU’s new draft directive on non-ucits funds and the surrounding uncertainty as the draft is debated.
Today Veritas said it is launching a long/short China ucits fund for top fund manager Ezra Sun, targeting an annual return of 15-20 percent.
Pensioners totter to the rescue
It may look like an unlikely scenario on paper, but Europe’s elderly masses could be about to provide the killer blow to draft EU rules to regulate the alternative investment industry.
Hedge fund associations, private equity lobbyists, the British government and even the United States Treasury have waded into the debate over the proposed legislation, seeking to soften an approach which has been labelled an exercise in post-financial crisis political grandstanding, rather than a measured look at how to better regulate the sector.
