The performance of Ucits hedge funds is affected by two things: regulation and the skill set of the manager. “Regulation has an impact on returns,” says the latest analysis of the Ucits absolute return universe by Serge Darolles, Lyxor managed account platform (MAP) researcher and author of the study.* The performance of a hedge fund in a Ucits wrapper will often suffer because of this.
Interestingly, the report also discovered that managers who ran hedge funds did better running Ucits products t
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