Thursday, 31 July 2014
Last updated 44 min ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…