Wednesday, 2 September 2015
Last updated 6 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…