Funds : private equity, hedge and all core structures / / Matthew Hudson

• Autore: Hudson Matthew
• Pubblicazione: West Sussex, England : , : John Wiley & Sons, , 2014; ©2014
• Edizione: 1st edition
• Descrizione fisica: 1 online resource (362 p.)
• Disciplina: 332.6327
• Soggetto topico: Finance - Mathematical models; Hedge funds - England
• Note generali: Includes index.
• Nota di contenuto: Cover; 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 ; 2.2 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 ; 2.5.4 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 ; 3.2.1 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 ; 3.6.1 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 ; 4 Structural Variants and Alternative Structures to Chapters 2 and 3
• Sommario/riassunto: Investment 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
• Titolo autorizzato: Funds
• ISBN: 1-118-79027-8; 1-118-79038-3; 1-118-79036-7
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910827611203321
• Lo trovi qui: Univ. Federico II
• Serie: Wiley finance series.