Does loyalty lie with the lawyer or the law firm?
Big changes were afoot in the London hedge fund legal scene last week, after New York-based Akim Gump swooped on Simmons & Simmons
21/07/2010
Ucits FoHFs shine as growth of sector continues
Ucits III-compliant hedge funds have continued to thrive throughout the second quarter of 2010, as the sector edges towards 500 funds, according to data provider, the Ucits Alternative Index.
With a true universe of these so called ‘Newcits’ funds now in place, the Ucits compliant funds of hedge funds (FoHFs) picture is also evolving rapidly, as FoHFs businesses look to build diversified portfolios of Ucit managers.
The data shows a sharp increase of both single manager and FoHFs, 19% and 40% respectively, with AuM in the second quarter rising by E13 billion ($17bn) for single manager funds and E 0.8 billion ($1bn) for funds of hedge funds. An upswing of 19% and 50% in percentage terms.
At the end of Q1 2010 Luxemburg and Ireland were the domiciles of respectively 33% and 27% of all Ucits funds of hedge funds. Given that almost all new funds of hedge funds launched in Q2 are domiciled in Luxemburg, the Grand Duchy now represents 50% of this market.
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Editor's view: 8 February 2012
Speculative moves, a perceived landgrab and a potential bidding war in the hedge fund sector have all opened up in recent weeks
Comment: Julian Korek
"Advisers need to be analysing key considerations and determining where they fall in the spectrum of SEC registration; no easy task given the scope of the legislation"
Investor demand for CTAs is on the rise, says Agecroft Partners
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy.
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UK: Open Protocol: The Challenge and Opportunities of Standardising Hedge Fund Risk Reporting
Join us and our panel of experts for HFMWeek's Subscribers' Club February's UK breakfast briefing…
29/02/2012
US: Endowments and Foundations in Hedge Funds
The next US HFMWeek Subscribers' Club breakfast, will take place on Wednesday February 29. Join…
02/02/2011
European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
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