Funds Hub

Money managers under the microscope

Morning Line-Up

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 News and views on the hedge fund industry from Reuters and elsewhere:

Veritas offers UCITS III-compliant hedge fund - Investment Adviser

GLG MMI appoints BNY Mellon as fund administrator - Hedgeweek

Banks boost lending to hedge funds – Wall Street Journal

Hedge fund manager Jim Chanos sounds warning on China - Seeking Alpha

The use of UCITS

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Hedge funds are continuing to react to potentially seismic shifts in regulation.

rtr27xy2A 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.

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