Finisterre Capital Launches UCITS, Flagship Struggles

The hedge fund regulations in Europe, known as the AIFMD, are considered the most daunting of all regulatory frameworks across the globe. The rules are not just hard to understand, they are also costly to follow.

Just last week, a credit-focused hedge fund, Finisterre Capital with $1.75 billion under management, had to launch a UCITS fund after one of its insurance clients threatened to pull capital from the existing hedge funds, Reuters' Tommy Wilkes reports. However in this case, the high cost of compliance was being incurred by...