Edhec presses for Ucits approval of hedge fund indexes


The Edhec Risk and Asset Management Research Centre has published a paper urging the Committee of European Securities Regulators (CESR) to allow hedge fund indexes for investments of undertakings for collective investments in transferable securities (Ucits). The CESR has decided to suspend such eligibility for 12 months.

In the paper, published in September, the Nice and Lille-based Edhec Risk and Asset Management Research Centre, part of the Edhec Business School, says that the reservations of

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