01/10/2008
The report found many funds managers outside the EU have not yet registered under the UCITS regime. The most common reasons fund manager cite for not registering included:
• Lack of familiarity with UCITS.
• Deliberate focus on their domes tic markets, which are perceived as more profitable.
• Difficultly in finding alliance partners.
• Perception of onerous regulation both inside and outside Europe.
• Difficulty making contacts in diverse linguistic and cultural settings.
HESTA’s purchase of a minority stake in its administrator, Grow Inc., shows that member services have become existentially important to the industry after a slew of regulatory and court actions.
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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