Thursday, 5 March 2015
Last updated 2 hours 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…