This is a practical introduction to collective investment funds and their management, drawing on the experience of the authors in both developed and emerging markets. Written for practitioners and regulators new to the collective investment funds business, it explores every aspect of a fund's structure and operation: from how it is valued and priced through to the importance of its regulatory, fiscal and accounting regimes and finally the effect these can have on market development and finally on the demands of building a successful investment fund business.
Contains practical examples, questions and case studies illustrating current developments in the industry worldwide
Written by authors with decades of practical experience in teaching and practice
First edition has received critical praise