LEADER 05364nam 2200697 450 001 9910827611203321 005 20200520144314.0 010 $a1-118-79027-8 010 $a1-118-79038-3 010 $a1-118-79036-7 035 $a(CKB)3710000000107683 035 $a(EBL)1680799 035 $a(SSID)ssj0001216321 035 $a(PQKBManifestationID)11647704 035 $a(PQKBTitleCode)TC0001216321 035 $a(PQKBWorkID)11190632 035 $a(PQKB)10632380 035 $a(OCoLC)880456821 035 $a(Au-PeEL)EBL1680799 035 $a(CaPaEBR)ebr10868212 035 $a(CaONFJC)MIL604397 035 $a(OCoLC)865004564 035 $a(CaSebORM)9781118790380 035 $a(MiAaPQ)EBC1680799 035 $a(PPN)241320151 035 $a(EXLCZ)993710000000107683 100 $a20140516h20142014 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFunds $eprivate equity, hedge and all core structures /$fMatthew Hudson 205 $a1st edition 210 1$aWest Sussex, England :$cJohn Wiley & Sons,$d2014. 210 4$dİ2014 215 $a1 online resource (362 p.) 225 1 $aWiley Finance Series 300 $aIncludes index. 311 $a1-118-79040-5 327 $aCover; Title Page; Copyright Page; Contents; 1 Introduction to Funds; 1.1 Why this book?; 1.2 Alternative assets; 1.3 What is a fund?; 1.4 Categories of funds; 1.4.1 Ways to categorize; 1.5 Choosing a vehicle; 1.6 Open-ended and closed-ended fund structures; 1.6.1 Introduction; 1.6.2 Impact of the credit crisis; 1.7 Contents of this book; 2 Limited Partnerships ... Use in Alternative Asset Funds; 2.1 Introduction to limited partnerships; 2.1.1 Suitability of limited partnerships for alternative asset funds; 2.1.2 Benefits of limited partnerships; 2.1.3 Types of limited partnerships 327 $a2.2 Structure of limited partnership funds2.2.1 Role of general and limited partners; 2.2.2 Management and operation of the partnership; 2.2.3 Remuneration; 2.2.4 UK limited partnerships; 2.2.5 US limited partnerships; 2.2.6 Parallel funds; 2.2.7 Master/feeders; 2.3 Establishment of the fund; 2.3.1 Process; 2.3.2 Documentation; 2.4 Investing; 2.4.1 Investment objective and returns; 2.4.2 Investment strategy; 2.4.3 Investment period; 2.4.4 Term; 2.4.5 Fund borrowing; 2.4.6 Investment restrictions; 2.5 Commitments by investors; 2.5.1 Commitments/drawdowns; 2.5.2 Recycling; 2.5.3 Default 327 $a2.5.4 Management team's commitment2.5.5 Closings/equalization; 2.5.6 Investor clawback; 2.5.7 Withdrawals; 2.5.8 Transfers; 2.6 Economics; 2.6.1 Management fee/priority profit share; 2.6.2 Distributions/carried interest; 2.6.3 Carried interest, escrow and clawback; 2.6.4 Carried interest structure; 2.6.5 Expenses; 2.6.6 Transactional or monitoring fees; 2.7 Governance; 2.7.1 Removal of the general partner/manager; 2.7.2 Key person; 2.7.3 Advisory committee; 2.7.4 Reports and meetings; 2.8 Some conclusions; 3 Hedge Funds; 3.1 Introduction; 3.2 Types of hedge fund strategies 327 $a3.2.1 Market neutral or directional3.2.2 Discretionary or systematic; 3.2.3 Strategy implementation and instruments; 3.2.4 Typical strategies; 3.3 Where are hedge funds located and what are the tax drivers?; 3.3.1 Cayman Islands; 3.3.2 British Virgin Islands; 3.3.3 Jersey; 3.4 Hedge fund investors; 3.4.1 Seed and cornerstone investors; 3.4.2 Incubator funds; 3.4.3 Fund of funds; 3.4.4 Individual investors and family offices; 3.4.5 Platforms; 3.5 Principal vehicles; 3.5.1 The fund vehicle; 3.5.2 Offshore management vehicle; 3.5.3 Onshore advisory entity; 3.6 Types of hedge fund structures 327 $a3.6.1 Simple hedge fund3.6.2 The master/feeder structure; 3.6.3 EU UCITS-compliant funds; 3.7 Establishment of the fund; 3.7.1 Process; 3.7.2 Documentation; 3.8 Management and performance fees; 3.8.1 Management fee; 3.8.2 Performance fee; 3.8.3 Hurdle rate; 3.8.4 High water mark; 3.8.5 Redemption fees; 3.9 Other key terms; 3.9.1 Liquidity; 3.9.2 Lock-ups; 3.9.3 Gating provisions; 3.9.4 Capacity; 3.9.5 Early stage or seed investors; 3.9.6 Key man; 3.9.7 Equalization; 3.10 The use of side pockets; 3.11 Regulation; 3.12 Some conclusions 327 $a4 Structural Variants and Alternative Structures to Chapters 2 and 3 330 $aInvestment funds are the driving force behind much global private economic development, and yet the world of investment funds can be complex and confusing. Funds: Private Equity, Hedge and All Core Structures is a practical introductory guide to the legal and commercial context in which funds are raised and invest their money, with examinations of the tax and regulatory background, and an analysis of the key themes and trends that the funds industry face following the financial crisis. The book looks at asset classes, investor return models, the commercial and legal pressures d 410 0$aWiley finance series. 606 $aFinance$xMathematical models 606 $aHedge funds$zEngland 615 0$aFinance$xMathematical models. 615 0$aHedge funds 676 $a332.6327 700 $aHudson$b Matthew$01597341 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910827611203321 996 $aFunds$93919071 997 $aUNINA