Ucits fund of hedge funds proliferate despite lack of diversitiy and underlying funds

Proliferation of Ucits funds of funds: Ucits supplement July 2010: Examining the phenomenon

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At present there are only a handful of established funds of Ucits hedge funds (FoUHF), although the first months of 2010 have seen the launch of several more. Whether this is a sign there is real appetite for FoUHFs or an attempt to jump on the regulated fund bandwagon remains to be seen.There are now estimated to be around 600 single-manager Ucits-compliant hedge funds with over $200 billion in assets under management (AUM). This is a tiny universe for FoUHFs to draw from compared to the ove

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