HFM Week – Platforms dedicated to Ucits hedge funds expect to see inflows of around $7bn by the end of 2011, HFMWeek research suggests, as a host of new umbrellas add to a wave of activity sweeping the Ucits space.
A relatively new phenomenon, dedicated platforms (those that specialise in supporting Ucits-compliant hedge funds) are believed to have doubled in number during 2010, jumping from three to six. New umbrellas from ML Capital, Morgan Stanley and Merchant Capital debuted in October, September and February respectively. A seventh, from Luxembourg Financial Group, is expected to launch by the end of the year.
