Hedge fund structure, regulation, and performance around the world

著者

書誌事項

Hedge fund structure, regulation, and performance around the world

Douglas Cumming, Na Dai, Sofia A. Johan

Oxford University Press, c2013

  • : cloth

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注記

Includes bibliographical references (p. [281]-288) and index

内容説明・目次

内容説明

Hedge funds and their managers have been vilified in recent times for their high-risk activities and relative lack of regulatory oversight. A recurrent concern shared by market participants and regulators around the world is that the increasing size of the hedge fund industry coupled with potential agency problems, activist investment practices, and herding behavior may exacerbate financial instability. However, while it is frequently suggested that hedge funds are unregulated, they are in fact regulated to some degree in every country around the world. It is important to consider differences in legal and institutional settings across countries as they directly affect the structure, governance, and performance of hedge funds. In this book, the authors consider data from a multitude of countries to understand how and why hedge fund markets differ around the world. While hedge funds are hardly regulated in the US, other jurisdictions implement different and sometimes more onerous sets of regulatory requirements. As explained in the book, international differences in hedge fund regulation include, but are not limited to, minimum capitalization requirements, restrictions on the location of key service providers, and different permissible distribution channels via private placements, banks, other regulated or non-regulated financial intermediaries, wrappers, investment managers, and fund distribution companies.

目次

  • Preface
  • 1. Introduction to Hedge Funds
  • 2. Agency Problems in Delegated Portfolio Management
  • 3. International Perspectives on Hedge Fund Regulation
  • 4. Overview of Empirical Finance Methods to Study Hedge Funds
  • 5. Hedge Fund Forum Shopping
  • 6. Hedge Fund Capital Raising
  • 7. Hedge Fund Performance and Compensation
  • 8. Hedge Fund Misreporting
  • 9. Hedge Fund Performance Persistence
  • 10. Hedge Fund Liquidation and Influence on the General Market
  • 11. Conclusions, Unanswered Questions and the Future of the Hedge Fund Industry

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詳細情報

  • NII書誌ID(NCID)
    BB12203491
  • ISBN
    • 9780199862566
  • LCCN
    2012026863
  • 出版国コード
    us
  • タイトル言語コード
    eng
  • 本文言語コード
    eng
  • 出版地
    New York
  • ページ数/冊数
    xii, 300 p.
  • 大きさ
    24 cm
  • 分類
  • 件名
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