Denmark To Get First UCITS Hedge Fund

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.


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note