BlackRock’s Clarvit Blasts UCITS Structure

Mar 4 2010 | 6:41am ET

UCITS III-compliant hedge funds may be the fastest-growing niche of the global industry, but one major hedge fund player says the regulation-friendly structure is no silver bullet.

Chuck Clarvit, who heads BlackRock Alternative Advisors, told RBS’s Alternatively that the UCITS liquidity requirements are too strict to allow the best long/short strategies.

“Often, the very strategies we fund most appealing may be excluded from the UCITS-compliant format,” he said. “Not all strategies are conveniently translatable into a UCITS-compliant structure.”

Clarvit, whose unit manages $23 billion in funds of hedge funds, says the limitations of the UCITS structure create an opportunity for listed permanent capital funds of funds. UCITS-compliant funds are required to offer at least bi-monthly liquidity.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...