UCITS: Can They Bring Funds of Hedge Funds On-Shore?

This article analyzes UCITS hedge funds, the EU-regulated investment vehicles also called Newcits or alternative UCITS. Because this regulatory regime allows for a relatively large degree of latitude, the funds are potentially attractive to hedge-fund managers. In parallel, investors are pushing for more regulations in the alternative space. This helps to explain why more and more hedge-fund managers are now offering on-shore alternative products, or alternative UCITS.