Thursday, 31 July 2014
Last updated 6 min ago
Mar 17 2011 | 12:33pm ET
Is Denmark finally buying a ticket for the UCITS III bandwagon?
The country appears poised to get its first domestically-domiciled UCITS-compliant hedge fund sometime in the second quarter, likely its first, HFMWeek reports. The new fund is one of two planned by Danske Invest; the second will be domiciled in Luxembourg with thousands of other UCITS products.
The Danish-domiciled fund with be a foreign exchange strategy. The Luxembourg fund will be an equity long/short vehicle based on an existing Danske hedge fund and is expected to debut next month.
Danske has not yet begun fundraising for the vehicles, but plans to target Nordic and European high-net worth and institutional investors.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…