As Carol Ann said in Poltergeist II - 'They're back!!!! '

The FT reports that 142 new funds at $1.82 TRILLION dollars of investment were established by the end of 2009 - in the midst of a recession!

All you have to do is originate the deal, book the fee and then book the asset to the fund with a hedge. It's not that hard to figure out. Below is a note from Reuters and - UCIT3 is transforming to UCITS4 with more cross-border flexibility.

Maurice.

203 450 2498

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Toscafund to launch mid-cap UCITS III fund

12:00am EST

(Reuters) - Hedge fund firm Toscafund, will launch later this month a UCITS III version of its mid-cap fund following demand from private clients, its chief executive said on Tuesday.

The UCITS version fund will be launched in mid-March on a platform provided by Deutsche Bank (DBKGn.DE) and expects to close at $300 million.

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From RBC Dexia http://www.rbcdexia.com/

Moving from UCITS III to UCITS IV