UK hedge funds held back in retail market

The UK regulator's decision not to open up domestic retail hedge funds could seriously hamper the efforts of UK companies to enter the hedge fund market. The Financial Services Authority's (FSA) decision, which effectively forbids short positions from being taken in individual stocks, could lead to an uneven playing field with UK managers losing out because of the way some European jurisdictions are likely to interpret the new Ucits provision according to Paul Dellar, head of product management for the UK retail division of DWS Investments. They are expected to decide that certain ...