Tuesday, 26 May 2015
Last updated 12 min ago
May 13 2010 | 12:27pm ET
The growing popularity of UCITS III-compliant hedge funds could be the worst thing for them—and hedge funds generally.
In a recent EDHEC-Risk Institute survey, nearly seven in 10 respondents say the increasing proliferation of UCITS versions of major hedge fund strategies will cause the “liquidity premium of hedge fund strategies” to “disappear” and that “performance will fall,” HFMWeek reports.
Still, 90% of respondents say that the UCITS trend will continue. And two thirds of them plan to take part, aiming to create UCITS versions of their own funds to avoid being shut out by strict new European Union hedge fund regulations.
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…