Asia alts managers shun UK amid uncertainty
Only a handful of Asia-based alternatives managers applied for a licence to market funds in the UK last year, new data reveals, as they wait for the EU to finalise regulations. But US managers are still keen on Britain.
An uncertain regulatory environment is deterring Asian alternatives funds from investing in the UK, according to new research.
With Europe-wide passporting rules still in flux, Asian managers appear to be staying away until the EU decides how they can market their products.
However, new data suggests US funds are determined to stay in the UK despite the uncertainty, which has been explained by the fact that many of them have been in the British market far longer than their Asian…
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