Ucits established itself as the gold standard for retail European investment vehicles, then the international brand moved rather uneasily into alternatives. Hedge funds first started using the Ucits wrapper in earnest after the financial crisis when many investors wanted onshore, regulated vehicles.
In terms of regulatory protection for investors and marketability for fund managers, Ucits was perfect. Its uptake in the hedge fund world has grown since then, although there are some question marks
The week on Risk.net, March 10-16 2018Receive this by email