Thursday, 5 May 2016
Last updated 45 min ago
Jul 23 2010 | 1:49pm ET
Traxis Partners may join the UCITS III bandwagon.
The New York-based hedge fund, headed by former Morgan Stanley chief strategist Barton Biggs, may launch a UCITS-compliant fund, The Wall Street Journal reports. Another New York-based hedge fund, Paulson & Co., is also launching a UCITS-compliant offering.
UCITS hedge funds have taken in about $100 billion, as hedge funds—primarily in Europe—scrambled to launch vehicles that will be exempt from the European Union’s proposed alternative investments regulations.