Money managers under the microscope
News and views on the hedge fund industry from Reuters and elsewhere:
Veritas offers UCITS III-compliant hedge fund - Investment Adviser
Banks boost lending to hedge funds – Wall Street Journal
Hedge fund manager Jim Chanos sounds warning on China - Seeking Alpha
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.