Thursday, 21 August 2014
Last updated 11 hours ago
Oct 5 2010 | 2:02pm ET
Non-UCITS-III-compliant hedge funds do not regularly outperform their more heavily regulated siblings, according to new research.
There is no conclusive evidence that UCITS funds do worse on a risk-adjusted basis, according to Nils Tuchsmid, Erik Wallerstein and Louis Zanolin's new working paper. Tuchsmid and Wallerstein work at the Haute Ecole de Gestion in Geneva, Switzerland, while Zanolin works at NARA Capital.
Risk-adjusted is the key word, however, as the study confirms that UCITS funds are substantially less risky than other hedge funds. The study also found some cross-sectional evidence that less-regulated funds do outperform UCITS funds.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note