Funds: private equity, hedge and all core structures

Investment funds are the driving force behind much global private economic development, and yet the world of investment funds can be complex and confusing. Funds: Private Equity, Hedge and All Core Structures is a practical introductory guide to the legal and commercial context in which funds are raised and invest their money, with examinations of the tax and regulatory background, and an analysis of the key themes and trends that the funds industry face following the financial crisis. The book looks at asset classes, investor return models, the commercial and legal pressures d.

Includes index.

Cover; Title Page; Copyright Page; Contents; 1 Introduction to Funds; 1.1 Why this book?; 1.2 Alternative assets; 1.3 What is a fund?; 1.4 Categories of funds; 1.4.1 Ways to categorize; 1.5 Choosing a vehicle; 1.6 Open-ended and closed-ended fund structures; 1.6.1 Introduction; 1.6.2 Impact of the credit crisis; 1.7 Contents of this book; 2 Limited Partnerships ... Use in Alternative Asset Funds; 2.1 Introduction to limited partnerships; 2.1.1 Suitability of limited partnerships for alternative asset funds; 2.1.2 Benefits of limited partnerships; 2.1.3 Types of limited partnerships.

2.2 Structure of limited partnership funds2.2.1 Role of general and limited partners; 2.2.2 Management and operation of the partnership; 2.2.3 Remuneration; 2.2.4 UK limited partnerships; 2.2.5 US limited partnerships; 2.2.6 Parallel funds; 2.2.7 Master/feeders; 2.3 Establishment of the fund; 2.3.1 Process; 2.3.2 Documentation; 2.4 Investing; 2.4.1 Investment objective and returns; 2.4.2 Investment strategy; 2.4.3 Investment period; 2.4.4 Term; 2.4.5 Fund borrowing; 2.4.6 Investment restrictions; 2.5 Commitments by investors; 2.5.1 Commitments/drawdowns; 2.5.2 Recycling; 2.5.3 Default.

2.5.4 Manageme…