6 May 2011

Hedge Fund-lite UCITS Fund Warning

The bureaucrats trying to protect the investing public from costly failures in the fund management industry may have good intentions but the outcome of their deliberations more often than not adds additional complexity to the rules governing the investment industry. When seasoned industry figures warn of potential blow-ups of certain types of UCITS-III complaint 'hedge fund-lite' vehicles the investment public - whether it is ordinary investors or 'sophisticated' investors - should wake up to the fact that it would do well to consult unbiased advisers before committing their funds to any investment product.