Fund Managers : The Complete Guide.

Cover -- Title Page -- Copyright -- Contents -- Preface -- Chapter 1 Seismic Shifts -- The Code of Hammurabi -- Credit Crisis to Financial Crisis -- Quantitative Easing -- Spooky Markets -- Rise in Alternatives -- The Arab Spring -- Migration -- Rise in Populism -- Brexit -- Socio‐Economic Divide in Europe -- Active vs. Passive -- Generational Shifts -- Global Inflation -- Impact of the Internet -- Environmental, Social and Governance Issues -- Complexity, Transparency and Scale -- Some Conclusions -- Endnotes -- Chapter 2 What Is it like Being an Asset Manager? -- From the CEOs -- Some Conclusions -- Endnote -- Chapter 3 Structures and Economics -- Jurisdiction of Asset Managers -- Regulation of Asset Managers -- The US Securities Exchange Commission -- Structures of Management Vehicles -- Public or Private -- Entities -- Management Company Economics -- How They Make Money -- Fund Management Fees: How Different Funds Produce Different Fees -- Performance Fees and Carried Interest -- Costs of Running a Management Company -- Internal Team Economics -- Does Size Matter? -- Manager Size -- Multi‐Multi -- Some Conclusions -- Endnotes -- Chapter 4 Governance -- Regulatory Background -- UK Regulatory Environment -- US Regulatory Environment -- EU Regulatory Environment -- Boards and Committees -- Governance Trends -- The Rise of ESG -- Impact Funds -- Some Conclusions -- Endnotes -- Chapter 5 Investment Strategies -- Public Equities -- Types of Analysis -- Core Strategies for Investing in Equities -- Other Strategies -- Bonds or Credit -- Asset‐Backed Securities, Collateralised Loan Obligations and Collateralised Debt Obligations -- Real Estate and Infrastructure -- Other Hard Assets -- Private Equity -- Strategies -- Venture Capital -- Strategies -- Types of VC Managers -- Where Next for VC? -- Hedge Fund Strategies -- Typical Strategies.

Other Strategies -- Derivatives Funds -- Currency Funds -- Hot Topics -- ETFs -- Smart Beta, Alternative Beta, and Similar -- Impact of Low Interest Rates and Decreasing Returns -- Growing Popularity of Alternative Asset Classes -- Some Conclusions -- Endnotes -- Chapter 6 Investors' View of the Industry -- Sovereign Wealth Funds -- Types of SWF Investment Vehicles -- UK -- Europe -- US -- State‐Sponsored Funds -- UK -- EU -- US -- Pension Funds -- UK -- EU -- US -- Pension Funds as an Investor -- Charities -- UK -- EU -- US -- Family Offices -- Individuals -- Some Conclusions -- Endnotes -- Chapter 7 Asset Allocation and Portfolio Construction -- Portfolio Construction -- Strategic Asset Allocation -- Different Approaches to Strategic Asset Allocation -- Asset Allocation Considerations -- The Challenges of Asset Allocation Over Time -- Risk Considerations -- Restructuring a Portfolio -- The Final Steps -- Manager Selection -- Due Diligence -- Transition -- Some Conclusions -- Endnotes -- Chapter 8 Technology -- The Use of Technology -- Future Advances -- Adopting Technological Advancements -- Cybersecurity -- Social Media -- Competing With Social Media and Technology Giants -- Market Disruption -- Some Conclusions -- Endnotes -- Chapter 9 Regulation in the Asset Management Industry -- UK Regulatory Environment -- US Regulatory Environment -- EU Regulatory Environment -- AIFMD -- MiFID II -- UCITS V -- MAR/MAD II -- Basel -- Solvency II -- GDPR -- European Market Infrastructure Regulation -- Anti‐Bribery Legislation -- Anti‐Money Laundering -- Reporting and Disclosure -- Regulation - Some Conclusions for Alternative Asset Fund Managers -- Other Regulatory Environments -- Some Conclusions -- Endnotes -- Chapter 10 Risk, Compliance, and Regulatory Trends -- UK Regulatory Environment -- Brexit -- US Regulatory Environment -- EU Regulatory Environment.

Substance -- Solvency II -- Basel IV -- GDPR Impact -- MiFID II -- Capital Markets Union -- Risk -- Some Conclusions -- Endnotes -- Chapter 11 Taxation -- UK -- Taxation of the Investment Manager: Company or LLP -- Reinvestment into Business or Funds -- Executive Incentivisation -- US -- EU -- Offshore -- Some Interesting Trends -- Endnotes -- Chapter 12 Regional Trends -- Africa -- South America -- The Middle East -- Asia -- Other Trends -- Notable Changes on a Global Scale -- Offshore Jurisdictions: The Good, the Bad and the (No Longer) Ugly -- Some Conclusions -- Endnotes -- Chapter 13 Future Trends -- Macroeconomics -- Politics, Populism, People, Population -- Brexit -- Regulation -- Fees and Remuneration -- Taxation -- Technology -- Scale -- Insource or Outsource -- ESG and Impact -- Asset Classes -- Active vs. Passive -- Any Conclusions? -- Endnotes -- Some Conclusions -- Scale up or Focus -- A Winning Strategy -- Macro Goes Global -- Social Impact -- The Third Wave -- Governance, Regulation, Taxation -- Incubation, Platforms, Seeding and Outsourcing -- Your Investors -- And Finally, Finally -- Glossary of Terms -- Abbreviations -- Acknowledgments -- Wol Kolade -- Richard Novack -- Alice Bentinck, MBE -- Tony Dalwood -- Nigel Kershaw, OBE -- Further Acknowledgments -- About the Author -- Index -- EULA.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.