In November 2011, SEI and Strategic Insights released a report highlighting the growth of offerings of alternative investment strategies in regulated products such as Undertakings for Collective Investment in Transferable Securities (UCITS) and mutual funds.  See “The Implications of UCITS IV Requirements for Asset Management Functions,” Hedge Fund Law Report, Vol. 4, No. 36 (Oct. 13, 2011).  This article outlines the main findings in the report and its implications for hedge fund structuring, marketing and investments.