UCITS, the European retail regulated investment funds, were created shortly after the 1985 passage of the first UCITS directive. Since then, non-financial risks have increased, but European authorities and investment professionals failed to study the impact of these risks when they allowed UCITS funds to evolve.
Professor of Finance, Director of Development at EDHEC Business School, Head of EDHEC-Risk Institute.
Applied Research Manager at EDHEC-Risk Institute
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|Research Cluster :||Finance|