Regulating Hedge Funds in the EU - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Regulating Hedge Funds in the EU write by Alexandros Seretakis. This book was released on 2022-01-13. Regulating Hedge Funds in the EU available in PDF, EPUB and Kindle. Hedge funds remain the most controversial vehicles of the alternative investment funds universe. Their opaque nature, alleged role in major crises around the world and perceived lack of investor protection have repeatedly led to calls for greater regulation. Yet despite its tremendous growth, the hedge fund industry is still shrouded in a veil of mystery largely due to the highly complex and dynamic trading strategies employed by hedge funds and the scarcity of information about them. For the first time in one comprehensive volume, this concise but thorough guide explains how hedge funds work, analyses risk, compares the European Union (EU) and United States (US) systems and proposes reforms to the European framework in order to improve its resilience. Focusing on the contribution of the hedge fund industry to systemic risk, the author elucidates the complex world of hedge funds and the legal issues linked to it. The analysis proceeds as follows: introduction to the world of hedge funds – definition, main characteristics, organizational structure, investment strategies, and benefits; deeply informed exploration of the dangers posed by hedge funds; documentation and examination of the major incidents connecting hedge funds and financial crises; rationales for regulation of hedge funds; comparison of relevant legislative developments in the US and EU; and proposals for strengthening the current EU supervisory and regulatory framework. Guiding legislation, such as the EU Alternative Investment Fund Managers Directive and the US Dodd-Frank Act, is analysed, along with topical issues such as hedge fund activism. Because the direction that hedge fund regulation takes in the future has implications for the Eurozone and systemic risk in the wider financial system, this book will be of immeasurable value to professionals in both the legal and business communities. It will be welcomed by corporate lawyers, regulatory authorities, policymakers and academics in both business-related and finance-related disciplines.
Hedge Fund Regulation in the European Union
Hedge Fund Regulation in the European Union - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Hedge Fund Regulation in the European Union write by Phoebus Athanassiou. This book was released on 2009-04-14. Hedge Fund Regulation in the European Union available in PDF, EPUB and Kindle. While hedge funds have been part and parcel of the global asset management landscape for well over fifty years, it is only relatively recently that they came to prominence as one of the fastest growing and most vigorous sub-sectors of the financial services industry. Despite their growing significance for global and European financial markets, hedge funds continue enjoying a sui generis regulatory status. The ongoing credit crisis and its lessons for the wisdom of unregulated or loosely regulated pockets of financial activity raise, with renewed urgency, the issue of deciding how long for the relative regulatory immunity of hedge funds is to be tolerated in the name of financial innovation. This well-thought-out book, the first of its kind in this particular field, examines the case for the European onshore hedge fund industry’s regulation, making concrete proposals for its normative future. Following a detailed account of the ‘established’ regulatory systems in Ireland and Luxembourg, as well as of the ‘emerging’ hedge fund jurisdictions in Italy, France, Spain and Germany, and of the regulatory treatment of hedge funds in the UK, this book examines to what extent the continuing exclusion of hedge funds from harmonized European regulation is defensible, whether their differences to traditional asset management products justify their distinct regulatory treatment and, ultimately, if their EU-wide regulation is possible and, if so, what form this should take. This book offers enormously valuable insights into all facets of the subject of the regulation of hedge funds, including: the legitimacy of the public policy interest in their activities; the conceptual underpinnings and systemic stability emphasis of a realistic hedge fund regulatory scheme; the main parameters of a workable onshore hedge fund regulatory framework; the role of investor protection and market integrity as part of a holistic hedge fund regulatory scheme; the possible use of the UCITS framework as a foundation for the EU-wide regulation of hedge funds; the MiFID’s impact on the regulatory future of the European hedge fund industry; existing cross-jurisdictional differences and similarities in the normative treatment of hedge funds within the EU; hitherto initiatives and recommendations of the Community institutions and bodies; and the need for more efficient co-operation and information-sharing arrangements amongst national supervisors for the monitoring of the cross-border risks inherent in the activities of hedge funds. As the first ever comprehensive account of the profile, main features and normative future of the contemporary global and European hedge fund markets – including a systematic inquiry into the conceptual underpinnings of hedge fund regulation and a detailed examination of the European hedge fund industry’s treatment under Community and domestic law – this book represents a major contribution to the literature on hedge funds and their regulation which, through its concrete proposals for the onshore industry’s regulation and its clear analysis of the conditions necessary for their implementation, should be of extraordinary value to policymakers, supervisors and academics alike.
The Regulation of Hedge Funds
The Regulation of Hedge Funds - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Regulation of Hedge Funds write by Ana Maria Fagetan. This book was released on 2020-12-28. The Regulation of Hedge Funds available in PDF, EPUB and Kindle. This book analyses elements of international finance, comparing the regulation of hedge funds in United States, Europe, the UK, and off-shore jurisdictions in the aftermath of the financial crisis. It critically compares the Dodd- Frank Act in US with the Alternative Investment Funds Managers Directive in Europe. Moreover, it goes further by analyzing the implementation of the AIFM Directive in seven jurisdictions in Europe famous for the incorporation of hedge funds: the United Kingdom, Italy, France, Ireland, Malta, Luxembourg, and Switzerland. The book also analyses the effect of Brexit on the legislation in the UK regarding the application of the directive and the distribution of financial products in Continental Europe, and will be of particular interest to researchers, academics, and students of international finance and financial regulation.
Regulating Hedge Funds in the EU? The Case Against the AIFM Directive
Regulating Hedge Funds in the EU? The Case Against the AIFM Directive - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Regulating Hedge Funds in the EU? The Case Against the AIFM Directive write by Alexandros L. Seretakis. This book was released on 2014. Regulating Hedge Funds in the EU? The Case Against the AIFM Directive available in PDF, EPUB and Kindle. The present article aims to offer a critique of the recent efforts to regulate hedge funds in the EU and illustrate the shortcomings of the EU's regulatory spree in the field of hedge fund regulation. The analysis suggests that the adoption of the AIFM Directive was not preceded by any thoughtful analysis of the risks emanating from the hedge fund industry but was rather the culmination of the EU's leading Member States, namely France's and Germany's, desire to impose a stricter regulatory regime on hedge funds. The rationales underpinning the adoption of the Directive are the protection of investors and the safeguarding of financial stability. On the one hand, the mandatory investor protection provisions of the Directive impose unnecessary costs on hedge funds managers and sophisticated investors who are unable to enter into mutually beneficial bargains. On the other hand, the provisions of the Directive seeking to tackle systemic risk utterly fail their goal to safeguard financial stability.
Alternative Investment Funds in Europe
Alternative Investment Funds in Europe - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Alternative Investment Funds in Europe write by Lodewijk Van Setten. This book was released on 2014-02. Alternative Investment Funds in Europe available in PDF, EPUB and Kindle. The first detailed analysis of the legal and practical implications of the AIFMD at regional and national level.
