Ucits

After the losses suffered in 2008, this year has proven something of a pick-up, with investors developing sharper defense mechanisms in the wake of the credit crisis. But what is providing the momentum driving investors into 2010?

HSBC Ucits AdvantEdge fund of hedge funds is due to launch at the end of November and will be available for investment from both retail and institutional investors.

Smith & Williamson plans to re-domicile its Enterprise hedge fund from the Caymans to Dublin and convert it into a Ucits III structure by the first quarter of 2010.

Tiburon Partners will launch its Ucits III absolute return Green fund next month, to be co-managed by Hexam Capital joint founder John Payne.

Cheyne Capital Management has today launched a Dublin-domiciled Ucits III fund, investing in convertibles.

Manager highlights essential differences between US and UK and Europe as RMBS-based Monument Bond launches at UK retail space

The European Commission has published its draft directive on Alternative Investment Fund Managers (AIFM directive).

Brown Shipley is re-launching its £18m MultiManager Balanced fund as an income vehicle as part of an overhaul of its Solus Oeic range.

RWC Partners is launching its US Absolute Alpha fund in October, pending regulatory approval.

RWC Partners has seen more than £2bn flow into its multi-asset funds since the first vehicles launched two and a half years ago.