Tuesday, 21 April 2015
Last updated 3 hours ago
Feb 16 2010 | 3:32am ET
The explosion in UCITS III-compliant hedge funds is set to continue as firms scramble to offer products that meet regulatory standards in the European Union.
The number of UCITS-compliant funds has ballooned to more than 200 over the past two years, and now manage more than US$35 billion, according to Hedge Fund Research. But that’s only the beginning.
Just one-fifth of European hedge fund managers have launch or are in the process of launching a UCITS fund, according to Hedge Fund Intelligence. But another one-third of the continent’s hedge fund industry players are mulling such a launch.
UCITS III funds, which constrained somewhat in their investment strategies and ability to use leverage, are free to be marketed and sold to investors across Europe, and are unlikely to be affected by the strict alternative investments directive making its way through the European Parliament.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…