tag:blogger.com,1999:blog-9696881457769162602024-02-20T10:08:44.869-08:00private equity fundsTKtraderhttp://www.blogger.com/profile/06549433364534488671noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-969688145776916260.post-30063148479491188302012-07-28T15:14:00.003-07:002012-07-28T15:14:51.995-07:00Caribbean hedge fund for everyoneOn Caribbean islands you can enable vacation and make money using certain products, the EU UCITS Directive, investors may reflect hedge fund strategies. What do you need.<br />by Christopher Platt, Euro am Sonntag<br />Crystal clear water, deep blue skies, fine sandy beach: Beach lovers will really be in the Cayman Islands at their expense. The archipelago, which is called in English Cayman Islands, is located in the Caribbean, 350 kilometers south of Cuba.<br /><br />Although the islands are very popular with its picturesque beaches and unique coral reefs with travelers in the course, but other industry has a far more important than tourism: the capital Georgetown is one of the largest financial centers in the world. Many international banks have branches there. The attractiveness of the Cayman Islands as a financial center based on the favorable conditions existing there as the tax exemption.<br />For this reason, the island group has established itself as an important location for hedge funds.<br /><br />These are mutual funds that have little or no investment restrictions. Their work is now controlled only weakly to regular reports, they are not required. To implement their strategy, they can use derivatives, among other things, to sell securities that they have not (short sales), or borrow. Hedge funds pursue very different concepts. Relatively well known is the long-short equity strategy. Here, the managers of both stocks to buy and profit from their capital gains and short sales, which he earned money in a falling market.<br /><br />
<a name='more'></a><br />Another strategy, managed futures wants to make and market trends is to take advantage of investment instruments such as futures and options on different markets such as currencies, stocks, bonds and commodities. A prominent representative of this strategy is the AHL Diversified, the shining example in the crisis year of 2008 with an increase of 31 percent. To date, the hedge fund strategies were reserved for large investors. But for some time to come to the train, private investors: the EU UCITS Directive allows the exotic vehicles, their strategy is to offer to enter and private investors. The legislation provides specific requirements for funds, especially in terms of transparency, marketability and risk.<br />It also allows some freedom in the types of securities used. This makes it possible for many hedge funds, to copy their strategy and packed into a new fund that complies with the requirements of the Directive. Although UCITS exists in the current version since 2002, hedge funds take advantage of their opportunities, but only for about one and a half years. More and more vehicles overseas offer private investors so that their strategy in the form of a regulated product.<br />This trend is caused by the financial crisis and the Madoff scandal. Until the collapse of Lehman Brothers in September 2008 and the arrest of the investment swindler Bernard Madoff in December 2008, the hedge fund industry was living in their own world. To ensure transparency in the care of the vehicle driver barely. In the wake of the financial crisis, the industry suffered heavily losing the confidence of investors and had strong outflows. By now some subjects the requirements of the UCITS Directive, it increases the acceptance of their products to investors, thus gaining back lost trust. In addition, the hedge fund open to the new investor group of private investors.<br /><br />Click here for current issue<br /><br />For this latter development has advantages, but also carries risks. An advantage is that they have offered an alternative system concepts. Private investors can take advantage of the strategies that were previously unavailable. In this way, the new products contribute to a higher diversification in the portfolio. Caution should be exercised with regard to the intelligibility of the new products. Even if the UCITS Directive requires transparency, that does not mean that the approach of the fund is easy to grasp. Depending on how you count, there are now 250-700 UCITS-H edge unit - depending on whether one is limited to products that follow the traditional hedge fund strategies, and expects all together funds that track in the broadest sense, an alternative system concept.<br />How big the crowd is, the number of funds is expected to increase further. Michael Sanders, head of the Luxembourg investment company Alceda calculated for 2011 with significant growth. "The development has just begun," he says. "For UCITS III product Coats gain due to high flexibility and transparency continue to decline." The crux of the new vehicles is a copy of the original strategy of the funds in the UCITS III clone. "There should be only those strategies in a UCITS are packed jacket that can be transmitted without compromise," says Sanders. Not getting this assumption may be fulfilled by the industry: "There will be hell-bent on pressed out into a UCITS-coat, which goes some way," he criticized.<br />TKtraderhttp://www.blogger.com/profile/06549433364534488671noreply@blogger.comtag:blogger.com,1999:blog-969688145776916260.post-9406806333961009192012-07-28T15:13:00.000-07:002012-07-28T15:13:06.977-07:00Hedge Funds: Quarrelsome scapegoatsMark Sievers is, it hardly : Hedge funds are often consulted as to blame for failures in the financial sector. Wrongly, as Markus Sievers explained that defends the industry.<br />by Mark Sievers, guest author of € on Sunday<br />As in 2004, hedge funds in Germany have been approved for public sale, the asset class in this country outside the financial sector was still largely unknown. The debate on hedge funds took place mainly in the financial pages of the print media. She was by then objectively and calmly proceed.<br /><br />But with the sobriety of the reporting was on 17 April 2005 at a blow over. On this day appeared in the newspaper "Bild am Sonntag" an interview with the former SPD chairman Franz Muentefering to financial investors. The decisive statement by the then Chief of the Social Democrats: "Some financial investors [...] have no face, they attack like locusts over companies." What time knew no one: With the publication of the article started an unparalleled career of the term "<strong>hedge fund</strong>".<br />The comparison with the<br />Locusts lags<br />The accidental alliteration of the words "grasshopper" and "hedge fund" contributed to an almost inflationary use of the word in - especially in economically distant parts of the media. Thus, locusts and hedge funds have become synonymous in the public perception of German, although hedge funds have nothing to do with the practices of the Müntefering actually criticized private-equity industry. Now, seven years after the legendary interview that hardly a day goes by where is the prejudice against the policy on hedge funds, they would destroy businesses and jobs at risk not taken.<br /><br />
<a name='more'></a><br />But this investment in individual companies basically contradicts the philosophy of hedge funds. The majority holding and subsequent restructuring of companies is the business of private equity firms. In the typical hedge fund strategies, it is about the "passive" taking advantage of trends or the recognition of valuation and interest rate differentials on international markets. Hedge funds are generally designed to achieve a generally positive, regardless of general market performance - regardless of whether prices rise or fall in the capital markets. The investment philosophy that allows, based on the freedom of this asset class of choice for financial instruments inserted and strategies that can be restricted only by extremely illiquid market periods. The know-how of the fund manager plays a crucial role.<br />Hedge funds are fire alarms<br />for the Financial Markets<br />Not only the companies are accused of breaking up the hedge fund. The German political scene picks up the H-word in ritualized form over and over again and castigated hedge fund as a culprit for all the negative developments in the economy and the financial sector: hedge funds made bets high-risk, were cause of the financial crisis, speculating against the euro and even wanted from the collapse of States winning hit.<br /><br />Click here for current issue<br /><br />The truth is that hedge funds bet on falling share prices or currencies. But she makes the same from a moral point of view of the pet hates of the capital markets? Not at all. Their property, not only increasing, but also to set out for falling markets, has a positive effect preisbereinigenden.<br />According to a study by Deutsche Bank, the used technique of short selling, the price discovery more efficient, increase liquidity and facilitate the investors to risk management. Hedge funds make a valuable contribution to the viability and fairness of the financial markets. Other studies have also shown that the ban on short selling in 2008 has not impacted positively on prices. Rather, it has increased the uncertainty in the market over the next steps of the regulator.<br />During the regulatory debate in 2010, often relied on claim that hedge funds were responsible for the euro crisis has so little in common with reality. The trigger just this crisis, which manifested itself with the beinahen state bankruptcy of Greece, were the governments of EU member states. Thus, in the member countries of the European Union in recent decades amassed a gigantic mountain of debt. Hedge funds were among the first to have revealed the negative developments in Greece and served in this regard as less incendiary, but as a fire alarm.<br />With her scolding, the policy aims<br />distract from their own mistakes<br />In particular, the case of Greece, and then the resulting media debate speculators suggest that the policy would detract from self-made errors. But this must not be made on the backs of the "usual suspects". Rather, we need an objective, sophisticated analysis and an honest approach to the issue in public. Especially in matters of stability of the international financial system, it is an existential necessity to deny not the correct analysis. -There's not too late. The reality is directed against those in the long term, which is not her. Such a strategy need not exist.<br />Wrong is the claim that hedge funds were the cause or accelerant of the last major financial crisis. The reasons why our financial system collapses are almost 2008, not in the hedge fund, but in the banking world to seek himself. There were glaring gaps in regulation. The starting point of the economic and financial crisis was completely overheated real estate market in the United States. Here there was the assumption that every American - even one with no equity - can be made to the homeowner. Then the opaque securitization of receivables and worldwide distribution have damaged investor confidence in the financial markets permanently. A certificate that hedge funds do not trigger the financial crisis were delivered, after detailed analysis, moreover, the International World Securities Commission.<br />Populism in small, well-<br />digestible bites<br />Be used no matter which grievances hedge funds - are the political content is displayed on a simplistic level. This is suitable for an age, to allow the television formats such as talk shows, speeches, only one to two minutes. Today, more detailed analyzes are needed in political debates just as in the evening talk show rounds.<br />But present circumstances shortened, for politics is also not a free pass to distort the reality - not even if this is consistent with the public perception of hedge funds. The branding of hedge funds as "the evil of the capital markets," misses the reality. She runs the risk of mistaking the true causes of the financial crisis, which could exacerbate the situation. It is the duty of politics to face up to reality and not to wear Stammtisch slogans in public, even if they come with this more acceptable.<br />Renewed expansion<br />2010 managed hedge funds with $ 1.9 trillion more money than they were before the financial crisis. Hedge funds are lightly regulated and can thus benefit from the ups and downs in stocks, bonds, currencies and commodities. Typical is the use of derivatives and short selling. The funds pursue different strategies: some rely on computer-driven trend-following models, others are based on economic scenarios, while others invest in some companies that stand before the takeover.<br />TKtraderhttp://www.blogger.com/profile/06549433364534488671noreply@blogger.comtag:blogger.com,1999:blog-969688145776916260.post-83944795942072791542012-07-28T15:11:00.000-07:002012-07-28T15:11:16.432-07:00SJB Equities Fund portrait. Invesco UK Equity Fund.The Olympics in London, currently directs the attention in a positive way to the UK, where recent economic data had prepared, however, little reason to rejoice. Sun confirm the final numbers for the development of the UK gross domestic product (GDP) that Britain has slipped deeper into recession. For the second quarter of 2012 had the Office for National Statistics (ONS) reported a decline in economic output of EUR -0.7 percent reported in the quarterly comparison - much weaker numbers than they had been expected in the consensus estimate of -0.2 percent. This lists the British economy is not only the third negative quarter in a row, but also the most violent contraction since early 2009.<br /><br />The worsening recession in Britain has benefited from the weak performance of the UK service sector, which accounts for roughly three-quarters of the local economy. It shrank by 0.1 percent the previous quarter. At the same time, industrial production went down by -1.4 percent, down not as strong as for over three years. At worst it looked in the British construction sector, which was recorded due to bad weather, a decline of -5.2 percent on a quarterly basis.<br /><br />Is it given the current economic climate and positive messages that counter-cyclical investors to start to move in UK equities? After all, the International Monetary Fund (IMF) for the UK in 2012, continued overall low economic growth rate of +0.2 percent. At the same time for the third quarter of positive growth forecasts,<br />
<a name='more'></a> also favored by pulses of the Olympic Games in London. This is the time to invest in a wide dispersive UK equity funds such as Invesco UK Equity Fund A (WKN 791 605 ISIN IE0030382794) is not a bad choice. Of the 03 August fund launched in 2001 has recently shown very successfully is to achieve in spite of continued weak economic environment in the UK with a careful stock-picking good performance results. In the current year, fund manager, Martin Walker, who has managed the Fund since June 2008, an increase of +12.28 percent to generate €. Invesco UK Equity Fund has as its base currency, the British pound (GBP) and currently has a fund volume of € 130.6 million equivalent. The Fund will focus on high-class company with long term growth potential and favors the British consumer sector. The benchmark uses the Invesco Funds Morningstar GIF OS UK Large-Cap Blend Equity Index. Compared to this, he had in the stock ahead of 2011, as a return of the fund from -0.87 percent to GBP a performance of the index was compared with -5.75 percent. As fall from the further performance benefits?<br /><br />Development Fund. Clearly.<br /><br />For our analysis, we have independent fund SJB faced the Invesco UK Equity Fund The FTSE 100 benchmark index, the main British index for defaults. In the recent three-year period, the Invesco Fund returned +12.33 percent pa can achieve in € (as of 07/25/2012). A compelling value for the focus on investing in UK funds, so that the performance of the FTSE 100 by +9.76 per cent pa surpasses in €. Looking at the short-term performance of actively managed funds can increase its yield advantage over the passive benchmark yet: over a year generated by the UK-Fund returned +10.37 percent in euros, while the "footsie" with only an increase of + 4.39 percent was able to come. Could also be on the chart image shows how the managed release of Martin Walker equity funds in recent months by the Reference Index and expand its performance lead. Here the focus is on consumer-related titles affected obviously positive. Thus, the Invesco fund is the clear winner from the short-and medium-yield forth comparison. What are the volatility of the numbers waiting for funds to achieve its yield premium?<br /><br />The good news from the perspective of the Invesco UK Equity Fund: The UK fund earns its outperformance over the benchmark at a consistently lower volatility. In the most recent three-year period of the Invesco fund has annualized exhibit a variation of 16.65 percent. Thus, the "volatility" of the fund is about one percent lower than that of the FTSE 100, which puts in the same period a variation of inclination of 17.76 percent on the day. The scenario of a comparison with the reference index less volatile fund will also look at the short horizon. More than a year, the volatility of the Invesco fund is 21.03 percent compared to 22.27 percent for the benchmark. The bottom line: Despite a lower risk appetite can fund managers Walker with his selection of British stocks in both periods studied beat the broad market, as represented in the FTSE 100. A mature performance and quality of evidence for active fund management!<br /><br />Fund strategy. Decrypted.<br /><br />Invesco UK Equity Fund is to achieve long-term capital appreciation up the cause by investing primarily in equities of companies domiciled in the UK. Martin Walker, fund manager manages the fund from the British and Henley, the portfolio as part of its goals proactively. In the selection of the shares he is not constrained by the track and sector allocation of the benchmark. Walker specializes in first-class British company with long term growth potential and sees its funds irrespective of the increase due to the debt crisis, volatility in equity markets is well positioned to participate in the upside potential in the future auftuenden. In his new purchases, he preferred shares with a recognizable potential for improving profitability, and companies whose success is closely linked to the development of the UK equity market - because the outlook is positive.<br /><br />The sector focus of the portfolio of the Invesco UK Equity Fund is made up of British consumer titles, which account for 18.3 percent of fund assets. With 17.1 percent share of the total allocation of telecommunications stocks are also strongly represented. The third largest sector within the portfolio are financial institutions with 17.0 percent dar. involved above-average rate of the Invesco fund is also in the field of health care (14.9 percent) and industrials (14.5 percent). Rounding out the portfolio of positions in the energy sector (9.5 percent) in consumer goods (5.6 percent) and individual utility stocks (0.9 percent of assets under management). The cash ratio of the Invesco fund is the end of June was 1.4 percent.<br /><br />Among the top 10 positions in the UK funds, the telecoms giant British Telecom with 6.9 percent portfolio share in the first place. The second largest single item of the Fund is the pharmaceutical company Glaxo Smith Kline (5.6 percent), representing together with AstraZeneca, the Health Care in the top 10. The energy stocks, in which the Fund has committed most are 5.5 percent and BP with British Gas at 3.9 percent share of assets under management. The major UK banks are examined in light of the financial crisis in the top 10 in vain, from the financial sector can be found here, only the insurer Legal & General. Britain's industrial sector is represented by the arms company BAE Systems, as well as the provider of sanitary technology Rentokil Initial. From the field of consumer goods it is the tobacco company Imperial Tobacco with 3.4 percent share portfolio provides one of the ten largest individual titles. Overall, the portfolio of the fund over 51 individual values is very broad.<br /><br />SJB conclusion. Invesco UK Equity Fund.<br /><br />Although given the current economic figures fundamental economic problems in Britain are not to be denied, there may be counter-cyclical investor position with a skilful use of UK equities before the next upturn. To this end, with an attractive risk-return profile aufwartende Invesco UK Equity Fund is ideally suited to the combines short-and medium-term outperformance over the FTSE 100 with a lower volatility.<br />TKtraderhttp://www.blogger.com/profile/06549433364534488671noreply@blogger.comtag:blogger.com,1999:blog-969688145776916260.post-76249211022537001392011-12-09T23:30:00.001-08:002012-07-28T15:01:38.350-07:00Financial investors look to see first lightPRIVATE EQUITY<br />
Financial investors in Germany have a difficult year behind him, their investments plummeted tremendously. For the current year, but again, they expect better business. Hopes now rest among other IPOs of portfolio companies.<br />
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In Germany, international private equity firms like Kohlberg Kravis Roberts (KKR) on the road.<br />
FRANKFURT. After the collapse last year, the investment companies for 2010 are cautiously optimistic mood. According to the "Private Equity Outlook 2010" by the industry association BVK expect more than two-thirds of the respondents an increase in investments, almost one in five expects at least a consistent level of investment. The companies also tend to expect stable to slightly declining company valuations.<br />
"The trend has clearly upward," said Association Executive Director Dorte Hoeppner Handelsblatt. The industry has high hopes for their words on the capital needs of SMEs. "Companies have a real financial issue and look for alternatives," added Hoeppner. Also could be the start IPO market to help facilitate the participation of companies to profitable exits from their investments back.<br />
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In the current year, the top dogs of the counting private equity firm KKR's entry at the Heidelberg flavors and ingredients manufacturer Rudolf Wild GmbH & Co KG had been talked about. Earlier, the Swedish company EQT acquired jointly with a state fund the specialist publisher Springer Science. In addition, currently three portfolio companies of financial investors are to jump on the stock market: the chemicals distributor Brenntag, Germany Cable and fashion brand Tom Tailor.<br />
Experienced its first boom in the financial investors between 1999 and 2001, before the Internet bubble burst on the stock exchanges. In 2006/2007, they marked records again, then sent the financial crisis the industry into a tailspin. In recent years invested holding companies within Germany only 2.4 billion euros, compared with 9.1 billion euros in 2008. The number of funded companies fell slightly to 1179th The declines dragged on through all market segments, ranging from acquisitions of industrial companies to finance young entrepreneurs.<br />
In the buy-out area based companies expect more business in 2010, especially in takeovers of insolvent companies and family businesses. Expected growth in the SME financing and minority interests dominate. Also, the majority of the surveyed financial investors is given banks more cautious in lending by even higher proportions of equity in transactions.<br />
Restrained provide the affiliates with respect to their fundraising plans - that is finding more resources for their funds. Therefore, they are likely not to 2010 with a significant increase. Probably the fundraising will come back on the road until 2011, BVK manager said Hoeppner.TKtraderhttp://www.blogger.com/profile/06549433364534488671noreply@blogger.comtag:blogger.com,1999:blog-969688145776916260.post-50492541502037893242010-08-11T03:03:00.001-07:002012-07-28T15:02:00.375-07:00LHI: Private Equity focuses on its strengths<blockquote dir="ltr" style="margin-right: 0px;">
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The 2008 shock is overcome: the fundraising of European private equity industry continues its stable growth trend with a profit of 5.6 billion euros in the first quarter of 2010 compared to 3.6 M € billion on the previous quarter. According to the industry information, "Alt Assets," the funds mainly from growth capital and buyout funds were raised, the traditional fields of activity of private equity. In these segments, therefore, investors have the most confidence, the business model they trust most stable returns over the typical holding period of five to eight years.</div>
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Clear favorites recognizable</div>
The medium-term bond system together with the relative to other asset classes far less breathless assessment practices of private equity investments portfoliostabilisierenden the effect of corporate shares. The industry likes to point out that realism is moved into the market: Particularly popular are enterprises from the information technology, medical technology, biotechnology and clean tech, including renewable energy.<br />
Europe outperformed U.S.<br />
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Also, the deal volume remained fairly stable. In the fourth quarter of 2009, lists the statistics of Prequin 11.4 billion U.S. dollars in 120 buyout deals in the first quarter of this year 11 billion U.S. dollars in 113 transactions. The development in Europe runs so much more positive than in the U.S. and encourages the Fund Managing Private Equity Fund II LHI European middle class in his decision to put the investment focus on European companies with solid growth potential.<br />
SMEs increasingly opens<br />
Especially the middle class will open a study of Rödl & Partner increasingly According to financial investors. This has to do with the resolution to a traditional bank relationships that make it difficult for medium-sized clear and get some cheap credit financing.<br />
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On the other hand there is the striking capital shortage even of German small and medium enterprises, the results from this very intimate relationship with the former bank. Long-term private equity managers, who do not want to make quick profits on recapitalizations, but in fact and provable pursue strategic growth of its portfolio companies, medium-sized companies provide valuable support other than equity in regard to strategic direction of the company, optimizing processes and funding issues.</div>
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Decrease of reservations</div>
Also on the part of the private equity industry reservations are removed. Minority interests are now for most fund managers no more No Go, but are also part of the investment universe. However, here in advance of the investment detailed consultation and due diligence processes required in order to avoid legal pitfalls and to ensure synchronization between the interested partners.<br />
Private Equity has demonstrated its flexibility in a lot of market phases and is clearly on track to provide for any period after the financial crisis right answers to questions from investors and capital-seeking entrepreneurs to be able to, is the conclusion of the LHI-capital market expertsTKtraderhttp://www.blogger.com/profile/06549433364534488671noreply@blogger.comtag:blogger.com,1999:blog-969688145776916260.post-82303688938847767362010-06-08T04:42:00.000-07:002012-07-28T15:02:16.817-07:00Introduction to Private Equity<a href="http://www.amazon.com/Introduction-Investment-Private-Equity-ebook/dp/B003FQM39W?ie=UTF8&tag=TorstenKnackstedt&link_code=bil&camp=213689&creative=392969" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;" target="_blank"><img alt="Introduction to Investment Banks, Hedge Funds, and Private Equity: The New Paradigm" src="http://ws.amazon.com/widgets/q?MarketPlace=US&ServiceVersion=20070822&ID=AsinImage&WS=1&Format=_SL160_&ASIN=B003FQM39W&tag=TorstenKnackstedt" /></a><img alt="" border="0" height="1" src="http://www.assoc-amazon.com/e/ir?t=TorstenKnackstedt&l=bil&camp=213689&creative=392969&o=1&a=B003FQM39W" style="border: medium none ! important; margin: 0px ! important; padding: 0px ! important;" width="1" /><br />
Books on investment banking are few and far between and mostly out of date. Usually they are very academic or written by lawyers rather than by someone who understands the business. This one, written by a former practitioner, gives students of investment banking just the insights they need into the nexus of investment banking, private equity and hedge funds. --Brian Scott-Quinn, Chair in Investment Banking, ICMA Centre, Henley Business School, University of Reading<br />
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Investment banking is in permanent change. This new book on investment banking describes the most recent trends that have taken place in the industry, in particular the interaction between investment banking and the hedge funds and private equity businesses. This is an exhaustive and up-to-date guide to the major banking activities. The different themes covered in the book are illustrated by fascinating real life cases. The book by David Stowell will become the new reference on investment banking. --Pierre Hillion, INSEADTKtraderhttp://www.blogger.com/profile/06549433364534488671noreply@blogger.comtag:blogger.com,1999:blog-969688145776916260.post-14951674405864173552010-02-03T01:11:00.000-08:002012-07-28T15:02:34.725-07:00private equity funds formation and operation book review<iframe align="right" frameborder="0" marginheight="0" marginwidth="0" scrolling="no" src="http://rcm.amazon.com/e/cm?t=TorstenKnackstedt&o=1&p=8&l=bpl&asins=1402411251&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr" style="align: left; height: 245px; padding-right: 10px; padding-top: 5px; width: 131px;"></iframe>Private Equity Funds: Formation and Operation (2009) was published by Practising Law Institute; 'Hedge Fund Investment in Private Equity' and co-authored by Ms Stephanie Breslow. <br />
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The book helps you to choose the right organizational setting for funds and their sponsors; structure and implement ownership and compensation arrangements that work best for each fund; hire and retain the best fund talent; and qualify for the Securities Act’s private placement exemption, the IAA’s exclusion from registration as an investment adviser, and other exemptive relief. <br />
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The text of Private Equity Funds: Formation and Operation does explain the features, advantages, and drawbacks of PIPEs, SPACs, mezzanine funds, credit opportunity funds, and distressed funds, as well as the efficiencies created when private equity funds and hedge funds do converge. Private Equity Funds discusses the negotiation of terms between fund sponsors and investors, including fund size, the investment program, capital commitments and contributions, distributions, and related documentation.TKtraderhttp://www.blogger.com/profile/06549433364534488671noreply@blogger.comtag:blogger.com,1999:blog-969688145776916260.post-24238355212386039932008-02-08T04:48:00.000-08:002008-02-08T04:49:27.424-08:00private equityinformation on private equityTKtraderhttp://www.blogger.com/profile/06549433364534488671noreply@blogger.com