International Funds: A Practical GuideElsevier, 2004 M10 29 - 240 páginas International Funds will provide readers with:*A greater understanding of the benefits and limitations of funds to both retail and institutional investors*An easy-to-read, yet technically comprehensive, insight into fund structures *An overview of the variety of legal structures, regulatory categories and investment profiles available*A detailed understanding of the practical aspects of fund valuation and administration, and the role of the various practitioners*A view of the future of the international funds industry in the light of changing markets, regulation and investor appetite
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International Funds: A Practical Guide to Their Establishment and Operation Catherine Turner Sin vista previa disponible - 2004 |
Términos y frases comunes
administrator adviser annual management charge applicable appropriate authorized basis calculated capital cash cent certificates Chapter closed-ended funds Collective Investment Schemes company’s costs custodian dealing directors distribution dividend ensure established example exchange exemptions feeder fund Financial Services fund manager fund sponsor fund vehicle fund-of-funds fund’s funds investing Guernsey hedge fund holding ICVC income initial charge investment companies investment manager investment objectives investment restrictions investment trusts investor base investor protection Isle issue jurisdictions legislation liability liquidity listed management company manager’s ment mutual fund OEICs offer price offering documents offshore open-ended fund operated partnership performance fee portfolio redemption relevant requirements risk scheme particulars service providers shareholders shares shares/units single pricing specific structure sub-funds subscription third-party tion transferable securities trust deed trustee/custodian types UCITS UCITS III umbrella fund underlying assets underlying investments unit trust United Kingdom units/shares valuation whilst
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Página 10 - Trust is to give the investor of moderate means the same advantages as the large capitalist in diminishing the risk of investing in Foreign and Colonial Government stocks, by spreading the investment over a number of different stocks and reserving a portion of the extra interest as a sinking fund to pay off the original capital.
Página 5 - The arrangements must also have either or both of the following characteristics: (a) the contributions of the participants and the profits or income out of which payments are to be made to them are pooled...
Página 5 - Man ('FSA88') defines a collective investment scheme as: '...any arrangements with respect to property of any description, including money, the purpose or effect of which is to enable persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income.
Página 5 - FSA88 helps to clarify matters a little further: it states that to be a scheme, these arrangements: '...must be such that the persons who are to participate ... do not have day to day control over the management of the property in question, whether or not they have the right to be consulted or to give directions...
Página 88 - Although it is not statutory defined, the term [hedge fund] encompasses any pooled investment vehicle that is privately organized, administered by professional investment managers and not widely available to the public.
Página 100 - Directors owe fiduciary duties to the company, which means that they are required to act in good faith in the best interests of the company...
Página 190 - UCITS may invest no more than 1 0 % of its assets in debt instruments which, for purposes of this Directive, shall be treated, because of their characteristics, as equivalent to transferable securities and which are, inter alia, transferable, liquid and have a value which can be accurately determined at any time or at least with the frequency stipulated in Article 34; (c) an investment company may acquire movable and immovable property which is essential for the direct pursuit of its business; (d)...
Página 31 - We will look at this issue in more detail in later chapters; for now it is sufficient to note that...