Saturday, 10 October 2015
Last updated 18 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…