How will the latest series of sweeping reforms affect China's expanding private equity industry? How does this complex sector of the massive Chinese economy point the way towards further explosive growth? How can investors position themselves under the new regulatory system to do business in the future? Private Equity Funds in China: A 20-Year Overview, in 2 volumes, serves as the definitive resource on understanding and navigating China's private funds market. Both a history and a guide, the 2 volumes of this set explain the ups-and-downs of China's private funds market and the substantial differences and striking similarities between China's private equity market and similar markets in the United States and Europe. With comprehensive data and statistics, as well as inside information, Chief Editor Xia Bin, the Counselor of the State Council, presents policy recommendations which could potentially change China's equity funds sector, and even the asset management market. Private Equity Funds in China: A 20-Year Overview offers a bold and frank assessment of the state of the industry and reveals: The inner workings of China's private securities and non-securities investment funds The intricacies of China's "sunshine" private funds The progression of China's venture capital funds
Using four Gulf sovereign wealth funds as case studies - Iran, Kuwait, Saudi Arabia and the UAE - this book examines and analyses the history, governance and structure, and investment strategies of the above mentioned funds, in the context of on-going debates about their transparency.
The book discusses how most Gulf sovereign wealth funds were established under colonial rule, and have operated in the global financial system for many decades. With the increase of oil revenues, it goes on to look at how the funds have broadened their asset classes and their institutional development. Debate over the transparency of sovereign wealth funds has highlighted various global practices. Recently, organisational measures have been introduced for calculating possible risks from non-commercial investment incentives of funds, whose politically-driven investment strategies are viewed as potentially a major threat to the national security of their host countries.
Highlighting a number of incidents that triggered the transparency debate, the book scrutinises the reaction of some of the Gulf sovereign wealth funds to these recent regulatory codes and strategies. It is a useful contribution to Development, Political Economy and Middle East Studies.
Covers ETFs - the hottest investment product of the new century.
Explains the nature of this new investment class and all advantages of these instruments.
Provides a deep insight into the market and the development of that asset class during the past ten years.
Some of the information in this book is usually limited to institutional investors with access to research data bases.
All of the contributions have been made by professional investment consultants to give a first hand insight into the matter.
The importance of property as an investment medium continues to grow. Investors in property or those involved with the provision of expert advice to investors have had to improve the effectiveness and efficiency of their decision making. The aim of this book is to lay down the theoretical foundations of investment decision making, incorporating the techniques and procedures of modern management science, so that particular decisions regarding property investment can be made efficiently and rationally.
Private investment funds are currently investing more capital than ever and the funds themselves are larger than ever. The industry's success comes against a backdrop of the continued fallout from the 2008 financial crisis, from evolving market trends and from increasing regulatory and tax compliance. In relation to structuring, fund-raising, making deals, managing exits fund sponsors, maintaining investor relations and dealing with the press, investors and their advisers are faced with unprecedented challenges and opportunities. This practical guide features contributions by leading industry specialists on a wide range of issues arising at all stages of a private investment fund's life cycle. Topics covered include formation and structuring, regulatory matters, limited partner issues and negotiations, deal-level considerations, environmental concerns and end-of-fund-life procedures, as well as jurisdictional/offshore matters, their jurisdictional differences and choice drivers (eg Luxembourg, the Cayman Islands and the Channel Islands). The guide also sets out and explores the particular issues presented in relation to listed funds, start-up and spin-out funds, real estate funds, infrastructure and energy funds, and secondary transactions. In consequence, this publication provides a wide-ranging and practical guide to the legal, regulatory, tax and commercial elements of establishing and operating private investment funds. Practitioners and other industry participants are likely to gain significant benefit from applying its contents within their own environment.
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