Fundamentals of Fund Administration (eBook)
224 Seiten
Elsevier Science (Verlag)
978-0-08-046815-0 (ISBN)
*Concise, easy to read format explains extensive and complicated procedures with lively, easy to follow road maps
*Comprehensive reference work with extensive glossary of terms, useful website addresses and further reading recommendations
*Covers all the major stages with detailed explanations of what is required for effective completion and regulatory compliance
Fundamentals of Fund Administration fills a gap in the lack of books that cover the administration and operations functions related to funds. With the growth of hedge funds globally there is more and more requirement for fund administration services, and the success of the fund administration is crucial to the success of the funds themselves in a highly competitive market. As the focus on operational risk, cost effective support and administration of trading and investment and the ability to design, develop and deliver added-value services for clients grows there is a need for a comprehensive analysis of what happens from trade to settlement and beyond and the exact role that the fund administrator may be required to provide. The book helps those responsible for managing and supervising fund administration services by examining the decisions, actions and problems at the various stages as well as explaining the products and infrastructure that services support. Concise, easy to read format explains extensive and complicated procedures with lively, easy to follow road maps Comprehensive reference work with extensive glossary of terms, useful website addresses and further reading recommendations Covers all the major stages with detailed explanations of what is required for effective completion and regulatory compliance
Cover 1
Copyright Page 5
Table of Contents 6
Introduction 10
Chapter 1 Understanding the Investment Environment 14
Investment funds 14
Structure of funds 16
Investment company 18
Authorised and unauthorised funds 18
Onshore and offshore funds 19
Portfolio investment 19
Markets and investments 21
Investment drivers 27
Products and assets used in portfolio management 41
Chapter 2 Hedge Funds 42
Market neutral (or relative value) funds 43
Long/short funds 43
Tactical trading 43
Global asset allocation funds 43
Event-driven funds 44
Short-selling funds 44
Arbitrage funds 44
Tax issues 46
Regulatory issues 47
Business issues 48
Investment issues 49
Marketing issues 49
Operational issues 50
Defining responsibilities 51
Fund set-up summary 52
Chapter 3 Mutual Funds and OEICs 54
Background 54
OEICs 55
Dilution levy 55
Share classes 55
Currency class shares 56
Different rights 56
Advantages over unit trusts 57
Hedge vs mutual funds: A comparison 57
Chapter 4 Private Equity 60
Definition of carried interest 61
Venture capital funds 62
Fund administration 64
Chapter 5 Unit Trusts 66
Origins of the unit trust 66
Buying and selling units 67
Charges 67
Chapter 6 The Role of the Fund Administrator 70
Reconciliation 71
Administration workflow 71
Hedge fund administration 73
Structure 74
Global reach and location 75
Business considerations 75
Technology 76
Fees 77
Fund launches 78
Accounting 79
Compliance services 79
Summary 80
Chapter 7 Portfolio Administration 82
Assets of the fund 83
Margin and collateral 85
Asset trades 85
Income and entitlements 86
Unmatched transactions 89
Unsettled transactions 90
Claims 90
Chapter 8 NAV, Pricing and Valuations 92
Pricing of funds 94
Hedge fund pricing 95
Pricing assets 96
Pricing controls 96
Equalisation 98
Summary 100
Glossary of Fund Administration Terms 102
Useful Websites and Suggested Further Reading 180
Websites 180
Suggested further reading 181
Appendix 1 182
Regulatory differences 182
Fees 183
Investment strategies and application 184
Pricing and liquidity 184
Types of investor 185
Appendix 2 186
Index 216
Erscheint lt. Verlag | 23.2.2011 |
---|---|
Sprache | englisch |
Themenwelt | Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse |
Recht / Steuern ► Wirtschaftsrecht | |
Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen | |
Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre | |
Wirtschaft ► Betriebswirtschaft / Management ► Wirtschaftsinformatik | |
Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
ISBN-10 | 0-08-046815-2 / 0080468152 |
ISBN-13 | 978-0-08-046815-0 / 9780080468150 |
Haben Sie eine Frage zum Produkt? |
![PDF](/img/icon_pdf_big.jpg)
Größe: 2,1 MB
Kopierschutz: Adobe-DRM
Adobe-DRM ist ein Kopierschutz, der das eBook vor Mißbrauch schützen soll. Dabei wird das eBook bereits beim Download auf Ihre persönliche Adobe-ID autorisiert. Lesen können Sie das eBook dann nur auf den Geräten, welche ebenfalls auf Ihre Adobe-ID registriert sind.
Details zum Adobe-DRM
Dateiformat: PDF (Portable Document Format)
Mit einem festen Seitenlayout eignet sich die PDF besonders für Fachbücher mit Spalten, Tabellen und Abbildungen. Eine PDF kann auf fast allen Geräten angezeigt werden, ist aber für kleine Displays (Smartphone, eReader) nur eingeschränkt geeignet.
Systemvoraussetzungen:
PC/Mac: Mit einem PC oder Mac können Sie dieses eBook lesen. Sie benötigen eine
eReader: Dieses eBook kann mit (fast) allen eBook-Readern gelesen werden. Mit dem amazon-Kindle ist es aber nicht kompatibel.
Smartphone/Tablet: Egal ob Apple oder Android, dieses eBook können Sie lesen. Sie benötigen eine
Geräteliste und zusätzliche Hinweise
Buying eBooks from abroad
For tax law reasons we can sell eBooks just within Germany and Switzerland. Regrettably we cannot fulfill eBook-orders from other countries.
aus dem Bereich