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Compliance

UCITS Feasibility Assessments

Posted on 10 Sep 2010

The Laven group, through its affiliate Laven Financial Services (Luxembourg), has launched a new service which offers in-depth reviews for managers contemplating structuring their strategies as UCITS III funds.

In light of the recent shifts in the asset management industry on both the investor and manager side, and in particular the demand for increased transparency and tougher regulation, managers of offshore funds are increasingly interested in launching onshore operations, particularly in jurisdictions such as Luxembourg and Ireland.

The UCITS III structure represents a seductive combination of transparency with unique access and distribution opportunities to the EU market. It has become particularly popular thanks to investors’ demands for liquidity and strong regulatory oversight.

The Laven group is uniquely placed to assist asset managers and hedge funds willing to relocate or launch regulated collective investment schemes in Europe.

Converting absolute return strategies into UCITS III may be a complicated process, especially for traditional overseas hedge funds. The Laven group can help and perform an in-depth feasibility assessment of the investment strategy and of the types of financial instruments which managers wish to use, in order to assess whether they would fit into a UCITS III vehicle.

Our expertise on the subject together with our strong presence in Luxembourg and Europe will help managers make the right business move.

Our feasibility assessment allows managers to review:
– The eligibility of the assets traded;
– The strategy’s compliance with applicable laws and regulations; and
– The broad risk management implications of the strategy once it is in a UCITS III format.

By choosing Laven, managers will benefit from a wealth of experience and expertise which will prepare them to set up their activities in the EU’s largest fund centres. To date we have assisted numerous clients in a cost effective way with strategies ranging from credit to CTAs and including equity and bond driven strategies.

For further information or our fixed fee analysis, the costs of which are fully recouped when a fund is launched, please contact us on +44 (0)207 838 0010 or send an email to info@lavenpartners.com