Subjects:

Banking and Finance

Contents:

Introduction to asset management

The legal nature of the client services relationship

Authorisation- MiFID and UCITS III

Taking on customers

The management contract

Trade implementation

Settlement and custody

Investment management and fiduciary duties

Internal compliance

Hedge funds and market conduct

Regulated collective investment schemes

Hedge fund structure

Hedge fund leverage

Hedge funds and the FSA

Closed ended funds

Private equity funds

Shariah compliant investment

Occupational pension schemes

Real estate funds

US regulation of managed futures: commodity trading advisers and commodity pools

US regulation of investment management

US approach to fiduciary duties

Investment management in France

Investment management in Germany

Investment management in Luxembourg

Investment management in Ireland

Investment management in Hong Kong

Appendices:

Key sections of the Investment Management Association Pension Fund Disclosure Code May 2002

The Institutional Shareholder's Committee: Responsibilities of Institutional Shareholders and Agents Statement of Purpose

Investment management is a fast-growing area of practice. The law and regulation continues to evolve around it. In a field which is so closely scrutinised, it has never been more important to ensure you have the right guidance. Law and Regulation of Investment Management helps guide you through the regulatory and legislative maze with legal analysis and practical advice, providing a detailed understanding of this intricate area.

The comprehensive treatment of investment funds in the UK offers a detailed understanding of the nature, structure and regulation of these instruments. With MiFID in place and the resulting amendments to the FSMA and FSA rules, a firm grasp of the ramifications for practice is essential. This new edition provides practical analysis and advice on how to gainfully adapt to these changes. Key areas covered include hedge funds, closed end funds, private equity funds and Shariah compliant investment. The author examines in detail the complex relationship between the fund manager and the investors of the fund, enabling the reader to fully understand their roles, powers and obligations.

• Includes analysis of national and international case law;
• Looks at the nature of the client services relationship;
• Considers internal compliance and the ramifications of conflicts of interest and information barriers;
• Provides and overview of key US legislation impacting on investment funds;
• Covers investment management in the US, France, Germany, Luxembourg, Ireland and Hong Kong;