Hedge Fund Governance

Hedge Fund Governance
Author: Jason Scharfman
Publsiher: Academic Press
Total Pages: 384
Release: 2014-10-22
ISBN 10: 0128025123
ISBN 13: 9780128025123
Language: EN, FR, DE, ES & NL

Hedge Fund Governance Book Review:

Hedge Fund Governance: Evaluating Oversight, Independence and Conflicts summarizes the fundamental elements of hedge fund governance and principal perspectives on governance arguments. An authoritative reference on governance, it describes the tools needed for developing a flexible, comprehensive hedge fund governance analysis framework. Case studies and interviews with professional fund directors shine a bright light of pragmatism on this framework. The author’s global analysis of more than 5,000 hedge fund governance structures enables him to draw realistic conclusions about best practices. He also explores the value consequences of good vs. bad governance, estimating the actual dollar losses that can result from bad governance, as well as the operational and investment performance benefits of certain governance practices. Presents methods for evaluating qualifications, conflicts of interests, fees, obligations and liabilities of hedge fund Boards of Directors. Explains techniques for developing a hedge fund governance assessment program, including analyzing legal documentation analysis and financial statements for governance related information. Uses case studies and example scenarios in hedge fund governance successes and failures to explore investor governance rights and fund manager responsibilities in onshore and offshore jurisdictions.

Essays in Hedge Fund Governance

Essays in Hedge Fund Governance
Author: Chong Wei Runrun Wong
Publsiher: Unknown
Total Pages: 135
Release: 2019
ISBN 10: 1928374650XXX
ISBN 13: OCLC:1104604616
Language: EN, FR, DE, ES & NL

Essays in Hedge Fund Governance Book Review:

Internal and External Aspects of Hedge Fund Governance

Internal and External Aspects of Hedge Fund Governance
Author: Maria G. Demirakou
Publsiher: Unknown
Total Pages: 198
Release: 2008
ISBN 10: 1928374650XXX
ISBN 13: OCLC:300410345
Language: EN, FR, DE, ES & NL

Internal and External Aspects of Hedge Fund Governance Book Review:

Hedge Funds and Financial Markets

Hedge Funds and Financial Markets
Author: Julian Holler
Publsiher: Gabler Verlag
Total Pages: 410
Release: 2012-01-13
ISBN 10: 9783834932778
ISBN 13: 3834932779
Language: EN, FR, DE, ES & NL

Hedge Funds and Financial Markets Book Review:

Hedge Fund Activism and Corporate Governance

Hedge Fund Activism and Corporate Governance
Author: Faysal Barrachdi
Publsiher: Unknown
Total Pages: 15
Release: 2008
ISBN 10: 1928374650XXX
ISBN 13: OCLC:1290299154
Language: EN, FR, DE, ES & NL

Hedge Fund Activism and Corporate Governance Book Review:

Hedge Funds have become a buzzword in the financial world. A litany of authors have produced thoughts about these collective investment vehicles. Their ideas have led to strong debates about the role and function of hedge funds in financial markets globally.This article provides a brief but cogent overview of the state of the art literature regarding hedge fund activism in publicly traded companies. The purpose of the article is to shed light on the notion of hedge fund activism and to put the issue in a forward-looking perspective.

Hedge Fund Activism

Hedge Fund Activism
Author: Alon Brav,Wei Jiang,Hyunseob Kim
Publsiher: Now Publishers Inc
Total Pages: 66
Release: 2010
ISBN 10: 1601983387
ISBN 13: 9781601983381
Language: EN, FR, DE, ES & NL

Hedge Fund Activism Book Review:

Hedge Fund Activism begins with a brief outline of the research literature and describes datasets on hedge fund activism.

Hedge Fund Compliance

Hedge Fund Compliance
Author: Jason A. Scharfman
Publsiher: John Wiley & Sons
Total Pages: 208
Release: 2016-12-19
ISBN 10: 1119240239
ISBN 13: 9781119240235
Language: EN, FR, DE, ES & NL

Hedge Fund Compliance Book Review:

The long-awaited guide for modern hedge fund compliance program development Hedge Fund Compliance + Website provides straightforward, practical guidance toward developing a hedge fund compliance program, drawn from the author's experience training financial regulators, consulting with government entities, and analyzing hedge fund compliance structures across the globe. In-depth explanations of compliance principles are backed by illustrative case studies and examples. Highly in-demand templates of popular hedge fund compliance documentation provide actionable illustrations of key compliance policies. Designed to assist investors, fund managers, service providers, and compliance job seekers directly, this book describes the fundamental building blocks of the hedge fund compliance function. Compliance is one of the fastest growing areas in the hedge fund space. This reference book provides an essential foundation in modern hedge fund compliance, reflecting the recent changes of this dynamic field. Design and run a hedge fund compliance program Access templates of core compliance documentation and checklists Discover how investors can evaluate and monitor compliance programs Interviews with hedge fund compliance practitioners A steady stream of regulatory changes, combined with the enhanced enforcement efforts of regulators, ensure that hedge funds' compliance-related expenditures will continue to grow. While hedge fund compliance legislation continues to evolve globally, little practical guidance exists for those tasked with the boots-on-the-ground aspects of developing an actual compliance program to comply with best practices and regulatory guidance from leading hedge fund regulators including the US Securities and Exchange Commission, the National Futures Association, the Commodity Futures Trading Commission and the United Kingdom's Financial Conduct Authority. Hedge fund professionals and investors need a fundamental framework for establishing and evaluating an effective program, and when compliance is the issue, trial and error carries too much risk. Hedge Fund Compliance + Website provides clear guidance and practical tools to meet today's compliance professional needs.

Essays on Hedge Fund Performance and Corporate Governance

Essays on Hedge Fund Performance and Corporate Governance
Author: William Klubinski
Publsiher: Unknown
Total Pages: 135
Release: 2021
ISBN 10: 1928374650XXX
ISBN 13: OCLC:1285709525
Language: EN, FR, DE, ES & NL

Essays on Hedge Fund Performance and Corporate Governance Book Review:

The Oxford Handbook of Hedge Funds

The Oxford Handbook of Hedge Funds
Author: Douglas Cumming,Sofia Johan,Geoffrey Wood
Publsiher: Oxford University Press
Total Pages: 560
Release: 2021-10-26
ISBN 10: 0192577719
ISBN 13: 9780192577719
Language: EN, FR, DE, ES & NL

The Oxford Handbook of Hedge Funds Book Review:

The Oxford Handbook of Hedge Funds provides a comprehensive overview of the hedge fund industry from a global perspective, bringing together insights from theoretical and applied research. The book seeks to both introduce the industry and what it does to scholars and practitioners new to the area, and to provide more advanced insights to those with extensive expertise in the area. The handbook explains the main context in which hedge funds operate, how the raise capital, and their structure and governance. It evaluates the main factors that have affected the operation of hedge funds, including competition from mutual funds, the market environment, and financial regulation, explains key concepts such as hedge fund flows, and core issues of practice, such as hedge fund manager fees. This volume provides insights into the principle head fund strategies and how these have changed over the years. The behavioural dimensions of hedge fund behaviour are evaluated, as are fintech's consequences. The volume evaluates the effects of hedge funds on the firms they invest in, in terms of internal governance, strategy and practice. Furthermore, it explores a range of ethical issues around the operation of hedge funds, how they fit within the wider political economy, and changes in hedge fund regulation and taxation strategies.

Corporate Governance and Investment Management

Corporate Governance and Investment Management
Author: Roger M. Barker,Iris H.-Y. Chiu
Publsiher: Edward Elgar Publishing
Total Pages: 528
Release: 2017-12-29
ISBN 10: 178471352X
ISBN 13: 9781784713522
Language: EN, FR, DE, ES & NL

Corporate Governance and Investment Management Book Review:

Shareholder engagement with publicly listed companies is often seen as a key means to monitor corporate malpractices. In this book, the authors examine the corporate governance roles of key institutional investors in UK corporate equity, including pension funds, insurance companies, collective investment funds, hedge and private equity funds and sovereign wealth funds. They argue that institutions’ corporate governance roles are an instrument ultimately shaped by private interests and market forces, as well as law and regulatory obligations, and that policy-makers should not readily make assumptions regarding their effectiveness, or their alignment with public interest or social good.

Alternative Investment Operations

Alternative Investment Operations
Author: Jason Scharfman
Publsiher: Springer Nature
Total Pages: 198
Release: 2020-08-29
ISBN 10: 3030466299
ISBN 13: 9783030466299
Language: EN, FR, DE, ES & NL

Alternative Investment Operations Book Review:

Alternative investments such as hedge funds, private equity, and fund of funds continue to be of strong interest among the investment community. As these investment strategies have become increasingly complex, fund managers have continued to devote more time and resources towards developing best practice operations to support the actual trade processing, fund accounting, and back-office mechanics that allow these strategies to function. Representative of this operational growth, estimates have indicated that fund managers have seen increased operating budgets of 30% or more in recent years. In today’s highly regulated environment, alternative investment managers have also increasingly had to integrate rigorous compliance and cybersecurity oversight into fund operations. Additionally, with recent advances in artificial intelligence and big data analysis, fund managers are devoting larger portions of their information technology budgets towards realizing technology-based operational efficiencies. Alternative investment fund service providers have also substantially increased their scope and breadth of their operations-related services. Furthermore, investors are increasingly performing deep-dive due diligence on fund manager operations at both fund level and management company levels. This book provides current and practical guidance on the foundations of how alternative investment managers build and manage their operations. While other publications have focused on generalized overviews of historical trading procedures across multiple asset classes, and the technical intricacies of specific legacy operational procedures, Alternative Investment Operations will be the first book to focus on explaining up-to-date information on the specific real-world operational practices actually employed by alternative investment managers. This book will focus on how to actually establish and manage fund operations. Alternative Investment Operations will be an invaluable up-to-date resource for fund managers and their operations personnel as well as investors and service providers on the implementation and management of best practice operations.

Hedge Fund Activism Corporate Governance and Corporate Law

Hedge Fund Activism  Corporate Governance and Corporate Law
Author: Dionysia Katelouzou
Publsiher: Unknown
Total Pages: 135
Release: 2013
ISBN 10: 1928374650XXX
ISBN 13: OCLC:1063957124
Language: EN, FR, DE, ES & NL

Hedge Fund Activism Corporate Governance and Corporate Law Book Review:

This study investigates the brand of shareholder activism hedge funds deploy by reference to a unique hand-collected dataset of 11 years' activist hedge funds' campaigns across 25 countries. The analysis has two core elements, one of which is to chart the emergence of hedge fund activism outside the United States and the other being to account why hedge fund activism has developed differently across the sample countries. Both issues have been to date only tangentially explored. This study is the first one to seek to determine the extent to which corporate law is a determinant of the hedge fund activism phenomenon using a fresh approach which combines theoretical and comparative legal analysis with empirical methods. While a single variable is unlikely to account for the emergence of hedge fund activism, the study describes hedge fund activism as a game of three sequential stages as a heuristic device and identifies market and legal parameters for each stage. To test the hypotheses advanced for the emergence of hedge fund the study draws upon the law and finance literature. For instance, to account to what extent the rights bestowed on shareholders by corporate law influence hedge fund activism the study uses the CBR shareholder rights index. The results indicate that the extent to which law matters depends on the stage which activism has reached. The study also puts hedge fund activism in its corporate governance context. Activist hedge funds' interventions have been envisioned as a mechanism for ensuring effective control of managerial discretion. Opponents of hedge fund activism contend, however, that this new breed of activists has a dark side that raises various concerns. Activist hedge funds have been considered: as exacerbating short-termism; as being mainly aggressive to the incumbents; as bearing similarities to the 1980s-raiders; and as engaging in distorting equity decoupling techniques. The study presents new empirical data that shows that the perceived negative side-effects of hedge funds activism are greatly exaggerated: they are myths. Cumulatively, these findings question whether hedge fund activism warrants any type of legislative response so far as the goal of shareholder value maximization is succeeded.

The Oxford Handbook of Corporate Governance

The Oxford Handbook of Corporate Governance
Author: Mike Wright,Donald Siegel,Kevin Keasey,Igor Filatotchev
Publsiher: OUP Oxford
Total Pages: 832
Release: 2013-03-28
ISBN 10: 0191649368
ISBN 13: 9780191649363
Language: EN, FR, DE, ES & NL

The Oxford Handbook of Corporate Governance Book Review:

The behavior of managers-such as the rewards they obtain for poor performance, the role of boards of directors in monitoring managers, and the regulatory framework covering the corporate governance mechanisms that are put in place to ensure managers' accountability to shareholder and other stakeholders-has been the subject of extensive media and policy scrutiny in light of the financial crisis of the early 2000s. However, corporate governance covers a much broader set of issues, which requires detailed assessment as a central issue of concern to business and society. Critiques of traditional governance research based on agency theory have noted its "under-contextualized" nature and its inability to compare accurately and explain the diversity of corporate governance arrangements across different institutional contexts. The Oxford Handbook of Corporate Governance aims at closing these theoretical and empirical gaps. It considers corporate governance issues at multiple levels of analysis-the individual manager, firms, institutions, industries, and nations-and presents international evidence to reflect the wide variety of perspectives. In analyzing the effects of corporate governance on performance, a variety of indicators are considered, such as accounting profit, economic profit, productivity growth, market share, proxies for environmental and social performance, such as diversity and other aspects of corporate social responsibility, and of course, share price effects. In addition to providing a high level review and analysis of the existing literature, each chapter develops an agenda for further research on a specific aspect of corporate governance. This Handbook constitutes the definitive source of academic research on corporate governance, synthesizing studies from economics, strategy, international business, organizational behavior, entrepreneurship, business ethics, accounting, finance, and law.

Do Corporate Governance Motives Drive Hedge Funds and Private Equity Activities

Do Corporate Governance Motives Drive Hedge Funds and Private Equity Activities
Author: Ann-Kristin Achleitner
Publsiher: Unknown
Total Pages: 35
Release: 2009
ISBN 10: 1928374650XXX
ISBN 13: OCLC:1290277302
Language: EN, FR, DE, ES & NL

Do Corporate Governance Motives Drive Hedge Funds and Private Equity Activities Book Review:

We address the question of whether hedge fund and private equity investments in public firms are motivated by corporate governance improvements. As opposed to traditional financial investors both HF and PE are likely to have the incentives to alleviate agency conflicts. However, against the background of differences in their business models and organizational set ups, it remains an empirical question of whether they address the same or different agency conflicts. Studying HF and PE activities in a typical Continental European market like Germany promises to offer interesting insights about how HF and PE activities relate to the prevalence of family ownership, concentrated ownership structures and conflicts among majority and minority owners. We document empirical evidence that both HF and PE investments are driven by corporate governance improvements, but seem to address different types of agency conflicts. Whereas HF focus on firms with a lack of a controlling shareholder, in particular family shareholders, PE invest in firms which exhibit the potential to align manager-shareholder interests due to low managerial ownership. Both appear to address free cash flow problems differently. Aiming at dividend increases, HF tend use commitment devices that can be implemented over a short horizon. In contrast, PE are inclined to target firms which are particularly well-suited for a leverage increase because of low expected financial distress costs. This strategy requires a sufficiently long investment horizon.

Hedge Fund Activism Corporate Governance and Firm Performance

Hedge Fund Activism  Corporate Governance  and Firm Performance
Author: Alon Brav
Publsiher: Unknown
Total Pages: 36
Release: 2006
ISBN 10: 1928374650XXX
ISBN 13: OCLC:138246291
Language: EN, FR, DE, ES & NL

Hedge Fund Activism Corporate Governance and Firm Performance Book Review:

The Wolf at the Door

The Wolf at the Door
Author: John C. Coffee,Darius Palia
Publsiher: Unknown
Total Pages: 108
Release: 2016-02-10
ISBN 10: 9781680830767
ISBN 13: 1680830767
Language: EN, FR, DE, ES & NL

The Wolf at the Door Book Review:

The Wolf at the Door: The Impact of Hedge Fund Activism on Corporate Governance has three basic aims: to understand and explain the factors that have caused an explosion in hedge fund activism; to examine the impact of this activism; and to survey and evaluate possible legal interventions with an emphasis on the least restrictive alternative.

The Hedge Fund Book

The Hedge Fund Book
Author: Richard C. Wilson
Publsiher: John Wiley & Sons
Total Pages: 208
Release: 2010-06-08
ISBN 10: 0470520639
ISBN 13: 9780470520635
Language: EN, FR, DE, ES & NL

The Hedge Fund Book Book Review:

An accessible guide to effectively operating in the hedge fund arena Hedge funds are now in the news more than a thousand times a day and yet it is hard to find clear, factual information about how they operate, raise capital, and invest. The Hedge Fund Book provides real-world case studies of various hedge fund managers providing a solid foundation in specialized hedge fund knowledge for both financial professionals and those aspiring to enter this field. It provides an analysis of funds within different phases of their life cycles and investment processes, and examines each cycle in ways that would be informational for marketers as well as investors, bankers, and financial professionals who would like to learn more about day-to-day hedge fund operations Addresses everything you need to know about this popular segment of the financial industry within a case study format Each chapter contains several types of investment and situational analyses, insights and best practices along with a review and "test your knowledge section" Written by a successful hedge fund consultant and head of one of the largest hedge fund networking groups in the industry with more than 30,000 members This book is required reading for participants within the hedge fund industry's leading designation program, the CHP Designation If you're looking to gain a better understanding of hedge funds, look no further than The Hedge Fund Book.

Lessons in Corporate Governance from the Global Financial Crisis

Lessons in Corporate Governance from the Global Financial Crisis
Author: Yong L P,Leonard Yong
Publsiher: CCH Australia Limited
Total Pages: 471
Release: 2009
ISBN 10: 1921485922
ISBN 13: 9781921485923
Language: EN, FR, DE, ES & NL

Lessons in Corporate Governance from the Global Financial Crisis Book Review:

This book poses and attempts to answer key questions about the Global Financial Crisis (GFC). Did it have to happen? What caused it and, more importantly, why? Could it have been avoided? Could it happen again? This book covers issues such as importance of the fiduciary duties of board members, risk management, influence of hedge funds, impact on members' pension funds, currency hedging, role of government regulation and the extensive use of financial derivatives.

Practical Operational Due Diligence on Hedge Funds

Practical Operational Due Diligence on Hedge Funds
Author: Rajiv Jaitly
Publsiher: John Wiley & Sons
Total Pages: 872
Release: 2016-02-04
ISBN 10: 1119018730
ISBN 13: 9781119018735
Language: EN, FR, DE, ES & NL

Practical Operational Due Diligence on Hedge Funds Book Review:

Tighten due diligence procedures for more successful hedge fundinvestment Practical Operational Due Diligence on Hedge Funds is anencyclopaedic, comprehensive reference, written from theperspective of an experienced practitioner. Accompanied by a usefularchive of factual material on different hedge fund issues,including failures, fines, and closures, this book focuses on theareas due diligence professionals should address, and explains whythey're important. Extensive discussion of publicised casesidentifies the manager entities and actual fund vehicles involved,and provides commentary on what could have been done differently ineach case, backed by actual regulatory materials, such as SECcomplaints, that recreate the events that took place. Readers gaina deeper understanding of the many facets of due diligence and themany possible pitfalls, learning how standardise processes andavoid major errors and oversights. The amount of money managed by hedge funds has almost doubledfrom the $1 trillion under management at the time of the financialcrisis. Hedge funds can be extremely risky, but can be extremelyprofitable — as money increasingly flows back in, duediligence on these alternative investments becomes more and morecritical. This book provides complete guidance toward the duediligence process, with plentiful real-world examples. Identify the areas of due diligence and what can go wrong Create procedures and checklists to minimise errors Learn what publicised cases could have done differently Gain a deeper understanding of massive failures andsuccesses Proper due diligence can be a massive undertaking, butthoroughness is essential when the price of failure is so high.Practical Operational Due Diligence on Hedge Funds providesthe details professionals need to be on point every time.

The Governance Revolution

The Governance Revolution
Author: Deborah Midanek
Publsiher: Walter de Gruyter GmbH & Co KG
Total Pages: 316
Release: 2018-09-24
ISBN 10: 1547400277
ISBN 13: 9781547400270
Language: EN, FR, DE, ES & NL

The Governance Revolution Book Review:

Boards of directors are sitting ducks. Shareholders complain and even attack, management manipulates, and individual board members have little power, able to act only as part of the board as a whole. Governance issues are front and center, yet there is often little understanding, even among board members, of the key role that they play. Written in an accessible and human voice, The Governance Revolution: What Every Board Member Needs to Know, NOW! provides information and context essential to anyone seeking to understand how corporations and their stewards—the board of directors—can and should function in the volatile world we inhabit. Deborah Hicks Midanek offers useful insight into what board members of corporations actually do, the current standards for board members and why they exist. She includes a timely discussion of how clarity of purpose can improve board and director effectiveness. Informed by her long experience serving public, private, and family owned corporate boards as well as those of charitable, and government organizations, she provides essential context regarding the evolution of board practice as well as candid discussion of the issues involved in the relentless effort to improve corporate governance processes. Focused mainly on the dominant public corporation, she also explores the special challenges of serving private and family owned as well as nonprofit and public agency boards. Written by a seasoned board member, and liberally laced with stories and cases illustrating the tricky issues directors wrestle with, this book is the essential common-sense companion for anyone working with a board, serving on a board, or wanting to do so. Directors, aspiring directors, investors, and students of corporate behavior will benefit from this highly readable description of the cloistered boardroom. For Roger Trapp's article in Forbes featuring a discussion of this title click here https://www.forbes.com/sites/rogertrapp/2018/10/22/independent-directors-nehttps://www.forbes.com/sites/rogertrapp/2018/10/22/independent-directors-need-to-stand-up-to-activists/#7060008826b0ed-to-stand-up-to-activists/#7060008826b0 For a Roundtable discussion in Financier Worldwide Magazine featuring Deborah Hicks Midanek please click here https://www.financierworldwide.com/roundtable-risks-facing-directors-officers-aug18#.W1BqQdVKiUk Click here for a review in Financial Analysts Journal https://www.cfapubs.org/doi/abs/10.2469/br.v13.n1.10 Click here for an excerpt on Corporate Board Member: https://boardmember.com/what-is-the-governance-revolution/