Practitioner's Guide to Alternative Investment Funds

This extensively revised title is a comprehensive single volume resource for all those involved in the setting up and operation of funds. Written in jargon-free language by one of the foremost practitioners in the area, this new edition has been extensively revised to cover all current regulatory and legislative developments. Featuring: • The new UK financial services infrastructure and the role of the FCA • The alternative investment fund managers directive and its implications • The Dodd-Frank act and the JOBS act in the US • Other post-credit crisis developments in governance and best practice • Hedge funds, private equity funds, real estate funds and other unregulated collective investment schemes • Coverage of liquidity, stress testing, governance and riskTable of ContentFundamental Concepts. Dramatis Personae. Asset Classes. Structuring Alternatives. Management and Advisory Relationships. Marketing Alternative Investment Funds. Marketing in the United Kingdom. Marketing in the United States. Investment Process and Fund Governance. Liquidity. Fees. Taxation Principles and Concepts. UK Taxation Issues. US Taxation Issues. Domestic and International Trends. Hedge Funds, Private Equity Funds, the Future of Alternative Investment Funds.