Luxembourg aims for domination of hedge fund Ucits

Luxembourg hungry for alternatives: Ucits supplement July 2010: Examining the phenomenon

mouse-and-cats

Since the introduction of the first Ucits directive, Luxembourg has seized every opportunity it can to attract investment funds to the country.Its efforts have paid off. At the end of March 2010, assets in Ucits funds domiciled in Luxembourg exceeded Ä1.7 trillion ($2.1 trillion), well in excess of the estimated value of offshore hedge funds worldwide, according to the European Fund and Asset Management Association.However, it is currently difficult to work out how much of these assets a