Ucits III: a retail challenge or opportunity?

tete à tete: ucits iii

"If I have to contend with one more European Union (EU) acronym (EUA), I will scream!" So may say both European and non-EU hedge fund managers, who have been faced with Mifid, the EU Savings Directive (EUSD) and the ongoing release of Ucits provisions by the EU of late. Yet, argue many lawyers, the latest incarnation of the Undertakings for Collective Investments and Transferable Securities - yes, that's Ucits! - brings advantages, for example a Ucits-compliant product in one European Union