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BNP Paribas launches fund solution
French lender BNP Paribas has today become one of the first financial service providers to launch a hedge fund product to meet strict new European rules. The bank’s asset management division, BNP Paribas Securities Services, has launched a master-feeder fund solution that meets new Ucits IV rules. The regulations, a set of tough new European Union rules governing certain asset management vehicles, will come into force from Friday this week.