Coverart for item
The Resource Alternative Investments : Existing and expected legal framework for the operations of hedge funds in European and German law

Alternative Investments : Existing and expected legal framework for the operations of hedge funds in European and German law

Label
Alternative Investments : Existing and expected legal framework for the operations of hedge funds in European and German law
Title
Alternative Investments
Title remainder
Existing and expected legal framework for the operations of hedge funds in European and German law
Creator
Contributor
Subject
Genre
Language
eng
Summary
  • During the last 15 years the hedge fund industry has become one of the most creative and rapid growing areas within the financial industry and has made it hard for regulators to mitigate the potential risks posed to investors and the financial system.In light of the financial crisis, international interest in the supervision and regulation of the financial industry has increased rapidly, particularly with regard to hedge funds and there is no doubt that international and European initiatives will influence hedge fund operations in European and German law.The aim of this thesis is to introduce the reader from a legal perspective to the general characteristics of hedge funds as well as the existing and expected legal schemes for the operations of hedge funds in European and German law. The thesis explains the characteristics of hedge fund schemes by describing their origin and terms of hedge funds used. In general, the reader will be introduced to the European and German legal landscape as well as to market participants in the hedge funds business by analysing applicable German law as well the practability of existing EU Directives and Regulations. Furthermore a brief summary of the financial supervisory framework will be presented as well as the role of hedge fund associations.The reader will also find a chapter analyzing and describing the proposed Directive for Alternative Investment Fund Managers (AIFM) by following its table of contents resulting in a comparative summary on expected European regulation and possible impacts to German law. Finally, I highlight two conclusions. First on the proposed AIFM Directive, which is still in draft, and therefore a statement of political intent, has no binding effect and I expect that the proposed regulations encompassed in the Directive will evolve significantly prior to the passage of new legislation
  • due to lobbying by hedge fund associations and the United Kingdom (UK) government.The second conclusion is that Germany is already prepared to provide a regulatory framework for the operations of hedge funds in the context of the AIFM Directive. Also, existing hedge fund providers in Germany are already able to provide the required regulatory infrastructures when entering or offering hedge funds business in Germany, which could result in a competitive advantage to other EU Member States
Cataloging source
MiAaPQ
LC call number
KJE2250 -- .S64 2010eb
Literary form
non fiction
Nature of contents
dictionaries
Label
Alternative Investments : Existing and expected legal framework for the operations of hedge funds in European and German law
Link
http://ebookcentral.proquest.com/lib/multco/detail.action?docID=594821
Instantiates
Publication
Copyright
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Alternative Investments -- TABLE OF CONTENTS -- ABBREVIATIONS -- SUMMARY -- PREFACE -- 1 Introduction -- 1.1 Purpose and objective -- 1.2 Method and materials used -- 1.3 Limitations -- 2 Characteristics of hedge fund schemes -- 2.1 Origin and history -- 2.2 Definitions -- 2.3 Legal landscape -- 2.4 Market participants -- 3 Existing EU and German law on hedge funds -- 3.1 German legislation -- 3.1.1 Hedge fund structures and rules -- 3.1.2 Authorized institutions -- 3.1.3 Contractual and prospectus terms -- 3.2 EU regulations or directives apply -- 3.3 Financial supervisory frameworks in Germany and the EU -- 3.4 Hedge funds associations -- 4 Expected EU and German law on hedge funds -- 4.1 The proposed AIFM Directive -- 4.2 Scope and exclusions -- 4.3 Authorization -- 4.4 Conditions for the operation of hedge funds -- 4.4.1 Conduct of business -- 4.4.2 Capital requirements -- 4.4.3 Organizational duties -- 4.4.4 Delegation of functions -- 4.4.5 Transparency obligations -- 4.5 Obligations to specific hedge fund types -- 4.6 Provision of services in the EU -- 4.7 Specific rules for non-EU hedge fund participants -- 4.8 Competent authorities -- 5 Personal statement and final summary comparison -- BIBLIOGRAPHY
Control code
EBC594821
Dimensions
unknown
Edition
1st ed.
Extent
1 online resource (52 pages)
Form of item
online
Isbn
9783836638616
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Sound
unknown sound
Specific material designation
remote
System control number
  • (MiAaPQ)EBC594821
  • (Au-PeEL)EBL594821
  • (CaPaEBR)ebr10489269
  • (OCoLC)692156978
Label
Alternative Investments : Existing and expected legal framework for the operations of hedge funds in European and German law
Link
http://ebookcentral.proquest.com/lib/multco/detail.action?docID=594821
Publication
Copyright
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Alternative Investments -- TABLE OF CONTENTS -- ABBREVIATIONS -- SUMMARY -- PREFACE -- 1 Introduction -- 1.1 Purpose and objective -- 1.2 Method and materials used -- 1.3 Limitations -- 2 Characteristics of hedge fund schemes -- 2.1 Origin and history -- 2.2 Definitions -- 2.3 Legal landscape -- 2.4 Market participants -- 3 Existing EU and German law on hedge funds -- 3.1 German legislation -- 3.1.1 Hedge fund structures and rules -- 3.1.2 Authorized institutions -- 3.1.3 Contractual and prospectus terms -- 3.2 EU regulations or directives apply -- 3.3 Financial supervisory frameworks in Germany and the EU -- 3.4 Hedge funds associations -- 4 Expected EU and German law on hedge funds -- 4.1 The proposed AIFM Directive -- 4.2 Scope and exclusions -- 4.3 Authorization -- 4.4 Conditions for the operation of hedge funds -- 4.4.1 Conduct of business -- 4.4.2 Capital requirements -- 4.4.3 Organizational duties -- 4.4.4 Delegation of functions -- 4.4.5 Transparency obligations -- 4.5 Obligations to specific hedge fund types -- 4.6 Provision of services in the EU -- 4.7 Specific rules for non-EU hedge fund participants -- 4.8 Competent authorities -- 5 Personal statement and final summary comparison -- BIBLIOGRAPHY
Control code
EBC594821
Dimensions
unknown
Edition
1st ed.
Extent
1 online resource (52 pages)
Form of item
online
Isbn
9783836638616
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Sound
unknown sound
Specific material designation
remote
System control number
  • (MiAaPQ)EBC594821
  • (Au-PeEL)EBL594821
  • (CaPaEBR)ebr10489269
  • (OCoLC)692156978

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