absorbing UCITS
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The vehicle of choice for such efforts is the Undertaking for Collective Investment in Transferable Securities (UCITS).
FORBES: U.S. Hedge Funds Contemplate Going European
Whereas Europe has its UCITS funds, accepted in all EU countries, there is no pan-Asian marketing vehicle for hedge-fund managers.
ECONOMIST: Hedge funds in Asia
Recently though, Brussels has liberalized the UCITS rules to permit many hedge fund strategies to fit within the confines of this EU-wide passport.
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