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1

(1993-2008), Lehman Brothers. The capital guide to alternative investment. 2nd ed. ISI Publications, 2004.

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2

Anson, Mark Jonathan Paul. The handbook of traditional and alternative investment vehicles: Investment characteristics and strategies. Wiley, 2011.

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3

Landman, William A. The alternative edge: Boosting returns and reducing risk with private fund investing. CMS, 2007.

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4

Bieber, Tammy P. Response to Ponzi and other schemes: Alternative investment funds under scrutiny. Practising Law Institute, 2009.

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5

Wilkinson, Don F. Stop wasting your wealth in mutual funds: Separately managed accounts : the smart alternative. Kaplan Publishing, 2006.

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6

Wilkinson, Don F. Stop wasting your wealth in mutual funds: Separately managed accounts : the smart alternative. Dearborn Trade Pub., 2005.

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7

Jaeger, Lars. Managing risk in alternative investment strategies: Successful investing in hedge funds and managed futures. Financial Times Prentice Hall, 2002.

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8

Peterson, Timothy F. Performance measurement for alternative investments. Risk Books, 2015.

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9

Athanassiou, Phoebus. Research handbook on hedge funds, private equity and alternative investments. Edward Elgar, 2013.

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10

Florida. Office of Program Policy Analysis and Government Accountability. OPPAGA program review: While State Board of Administration investments perform relatively well, the SBA should reassess planned expansion of alternative investments. The Office, 2002.

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11

Gerster, Kathrin. Informationsasymmetrien im Finanzdienstleistungsbereich: Unter spezieller Betrachtung von Alternative Investments. Haupt, 2005.

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12

Maatman, R. H. Alternative investments: Civiel- en fiscaalrechtelijke aspecten van beleggingen in private equity en hedge funds. Kluwer, 2002.

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13

Comitê de Divulgação do Mercado de Capitais (Brazil), ed. Guia ação: O guia completo do mercado de ações : nomes e endereços de onde comprar ações, as alternativas para ter ações em seu patrimônio, termos técnicos e evolução do mercado de ações. 2nd ed. Comitê de Divulgação do Mercado de Capitais, 1985.

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14

Office, General Accounting. Tax policy: Deducting interest on funds borrowed to purchase or carry tax-exempt bonds : report to the Joint Committee on Taxation. The Office, 1988.

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15

United States. Congress. Senate. Committee on Finance. Subcommittee on Health Care. Investment-based alternatives to financing social security and Medicare: Joint hearing before the Subcommittee on Health Care and the Subcommittee on Social Security and Family Policy of the Committee on Finance, and the Subcommittee on Securities of the Committee on Banking, Housing, and Urban Affairs of the United States Senate, One Hundred Fifth Congress, first session, October 7, 1997. U.S. G.P.O., 1999.

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16

United States. Congress. House. Committee on Ways and Means. Subcommittee on Social Security. Proposals for alternative investment of the social security trust fund reserves: Hearing before the Subcommittee on Social Security of the Committee on Ways and Means, House of Representatives, One Hundred Third Congress, second session, October 4, 1994. U.S. G.P.O., 1995.

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17

Chandler, Beverley. Alternative Investment Funds. FT Finance, a division of Pearson Professional Limited, 1998.

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18

The alternative investment fund managers directive: European regulation of alternative investment funds. Kluwer Law International, 2012.

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19

Lodewijk, van Setten, and Busch Danny, eds. Alternative Investment Funds in Europe. Oxford University Press, 2014. http://dx.doi.org/10.1093/law/9780199657728.001.0001.

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20

Alternative Investment Funds in Europe. Oxford University Press, 2014.

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21

Scharfman, Jason. Alternative Investment Operations: Hedge Funds, Private Equity, and Fund of Funds. Palgrave Macmillan, 2020.

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22

Scharfman, Jason. Alternative Investment Operations: Hedge Funds, Private Equity, and Fund of Funds. Springer International Publishing AG, 2021.

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23

ComplyOrDie. Alternative Investment Funds V. 2014-3 (en). Blurb, 2014.

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24

Zetzsche, Dirk. Alternative Investment Fund Managers Directive. Kluwer Law International, 2020.

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25

Zetzsche, Dirk. Alternative Investment Fund Managers Directive. Kluwer Law International, 2020.

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26

Zetzsche, Dirk. Alternative Investment Fund Managers Directive. Kluwer Law International, 2020.

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27

Fabozzi, Frank J., Frank J. Jones, and Mark J. P. Anson. Handbook of Traditional and Alternative Investment Vehicles: Investment Characteristics and Strategies. Wiley & Sons, Incorporated, John, 2010.

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28

Anson, Mark J., Fabozzi CFA Frank J, and Frank J. Jones. Handbook of Traditional and Alternative Investment Vehicles: Investment Characteristics and Strategies. Wiley & Sons, Incorporated, John, 2010.

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29

Fabozzi, Frank J., Frank J. Jones, and Mark J. P. Anson. Handbook of Traditional and Alternative Investment Vehicles: Investment Characteristics and Strategies. Wiley & Sons, Incorporated, John, 2010.

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30

Fabozzi, Frank J., Frank J. Jones, and Mark J. P. Anson. Handbook of Traditional and Alternative Investment Vehicles: Investment Characteristics and Strategies. Wiley & Sons, Limited, John, 2011.

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31

Fabozzi, Frank J., Frank J. Jones, and Mark J. P. Anson. Handbook of Traditional and Alternative Investment Vehicles: Investment Characteristics and Strategies. Wiley & Sons, Incorporated, John, 2010.

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32

The capital guide to alternative investment to Asia. 2nd ed. ISI Publications, sponsored by FIMAT, 2007.

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33

The alternative investment fund managers directive. Kluwer Law International, 2015.

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34

Handbook of Professionally Managed Assets: A Definitive Guide to Profiting from Alternative Investments. Springer, 2014.

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35

Timothy, Spangler. The Law of Private Investment Funds. Oxford University Press, 2018. http://dx.doi.org/10.1093/law/9780198807247.001.0001.

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This book provides a clear and concise dual US/UK and pan-asset analysis on the legal and regulatory issues that arise in connection with private investment funds. The book advises on the structuring, formation, and operation of a range of asset classes, including hedge funds, private equity funds, real estate funds, and other non-retail collective investment vehicles. This edition has been revised to reflect the numerous and significant developments in financial services regulation on both sides of the Atlantic since the publication of the second edition. More elements of the Dodd Frank finan
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36

Timothy, Spangler. 17 Towards a Unified Theory for Private Investment Funds. Oxford University Press, 2018. http://dx.doi.org/10.1093/law/9780198807247.003.0017.

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This chapter considers future legal and regulatory responses to private investment funds in the context of a country’s current political dynamics. It begins with a discussion of the regulatory policy issues surrounding private investment funds before and after the global financial crisis, criticisms against private equity funds and hedge funds, and lessons from the Alternative Investment Fund Managers Directive. It then examines indirect regulation of private investment funds as a way forward, along with financial innovation and regulatory arbitrage. In particular, it explains how the global f
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37

Timothy, Spangler. 16 The Global Frontiers of Private Investment Funds. Oxford University Press, 2018. http://dx.doi.org/10.1093/law/9780198807247.003.0016.

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This chapter discusses the global expansion of private investment funds in the twenty-first century, focusing on two regions: Asia and the Middle East. In particular, it examines questions about the balance of power between fund managers and investors, the role of top-down regulation in non-public financial transactions, and the ability of private monitoring solutions to provide a meaningful alternative to such approaches. The chapter first describes the asset management industry in the United Arab Emirates, with emphasis on the roles of the Dubai International Financial Centre and the Dubai F
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38

Koehler, Joseph W. Survey of real estate investment funds & alternative financial resources for direct property investment in China. 2001.

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39

Handbook of Alternative Assets. 2nd ed. Wiley, 2006.

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40

Managing risk in alternative investment strategies: Successful investing in hedge funds and managed futures. FT Prentice Hall, 2002.

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41

Timothy, Spangler. 13 Listings of Private Investment Funds as a Means of Mitigating the Governance Challenge. Oxford University Press, 2018. http://dx.doi.org/10.1093/law/9780198807247.003.0013.

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This chapter explains how the admission to listing of private investment funds on a recognized exchange can provide a means to address the governance challenge. It first considers the regulatory functions of securities exchanges before turning to the Irish Stock Exchange (ISE), taking into account three areas relevant to the governance challenge faced by private investment funds: general obligations of disclosure, notification of interests and key developments, and communications with unitholders. It then examines how an ISE listing can provide a potential market-oriented solution to the gover
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42

Dutta, Shantanu, Arup Ganguly, and Lin Ge. The Economics of Hedge Funds. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780190607371.003.0002.

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For anyone interested in investments, fascination with hedge funds is almost inevitable. This enthusiasm occurs because amid the ocean of dismal performances in the asset management industry, top-performing hedge funds still manage to garner unbelievable returns even during economic downturns. This chapter explores the economics behind these supersecretive alternative investment vehicles and finds that their functioning can be broadly explained through four different economic paradigms: (1) the principal-agent framework, (2) the adaptive market hypothesis, (3) the governance framework, and (4)
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43

Calenda, Tony, Christopher Milliken, and Andrew C. Spieler. Activist Hedge Funds. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780190607371.003.0007.

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Activist hedge funds (AHFs), a relatively new alternative investment strategy, have had a large and growing impact on investing and on how public companies are managed. Although activist investing was once the province of corporate raiders, it is now an accepted hedge fund strategy. Often acquiring an influential stake in an undervalued public company before direct intervention, AHFs create their own catalyst for share appreciation. The actions or interventions taken by an AHF can range from direct communication with a board or management team to launching highly visible proxy fights or legal
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44

Heppe, Karen. Private Finanzierung Kommunaler Investitionen: Finanzwissenschaftliche Analyse der Entscheidung ueber Alternative Finanzierungsformen unter Einschluss des Public-Choice-Aspektes. Lang AG International Academic Publishers, Peter, 1999.

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45

George, Walker, Purves Robert, and Blair Michael. Part III Financial Sectors and Activities, 22 Collective Investment Schemes. Oxford University Press, 2018. http://dx.doi.org/10.1093/law/9780198793809.003.0022.

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This chapter focuses on the regulatory framework for collective investment schemes (CISs). The Financial Services and Markets Act 2000 (FSMA) imposes a special regulatory regime on investment funds that fall within its wide definition of CIS, which has been placed within the scope of regulation since the enactment of the Financial Services Act 1986. The definition of CIS covers almost all types of investment funds with the exception of investment companies, investment trusts, and pooled investment special purpose vehicles. The chapter first considers the European directive for ‘undertakings fo
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46

Cumming, Douglas, Geoffrey Wood, Igor Filatotchev, and Juliane Reinecke, eds. The Oxford Handbook of Sovereign Wealth Funds. Oxford University Press, 2017. http://dx.doi.org/10.1093/oxfordhb/9780198754800.001.0001.

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Sovereign wealth funds (SWFs) represent both an increasingly important—and potentially dominant—category of alternative investor, and a novel form for governments to project their interests both at home and abroad. As such, they represent both economic actors and embody power vested in the financial and diplomatic resources they can leverage. Although at times they have acted in concert with other alternative investors, their intergenerational savings function should, in theory at least, promote more long-termist thinking. However, they may be impelled toward greater short termism in response
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47

Alternative investment fund regulation. Kluwer Law Interntional, 2012.

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48

Timothy, Spangler. 1 Introduction to Private Investment Funds. Oxford University Press, 2018. http://dx.doi.org/10.1093/law/9780198807247.003.0001.

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This chapter provides an introduction to private investment funds. It first considers the governance challenge in private investment funds that can be regarded as a need to improve the standard of corporate governance in the legal vehicles that comprise such funds. In particular, it examines the manner in which hedge funds and private equity funds affect the corporate governance of the portfolio companies in which they invest. The chapter proceeds by discussing governance issues arising from the use of partnerships vs. corporations as private fund vehicles, along with the consequences of gover
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49

Timothy, Spangler. 9 US and EU Regulatory Responses to The Global Financial Crisis. Oxford University Press, 2018. http://dx.doi.org/10.1093/law/9780198807247.003.0009.

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This chapter examines the impact of the 2007–08 global financial crisis on the regulation of private investment funds in the United States and in the European Union. It begins with a review of Dodd-Frank, which can be seen as the U.S. movement towards the international consensus that private fund managers should be directly regulated by the national financial regulator. It then considers Dodd-Frank’s repeal of the so-called ‘private adviser exemption’ previously found in the Investment Advisers Act of 1940, along with its exemption of ‘foreign private advisers’ from registration. It also expla
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50

Filbeck, Aaron. Issues in Benchmarking Commodity Performance. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780190656010.003.0017.

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Commodity investments have continued to gain traction in diversified portfolios since the 1990s. Historically low correlations relative to traditional asset classes, different fundamental drivers, and investor demand for alternative sources of return have brought commodity investments forward as a solution that provides overall portfolio diversification while maintaining similar long-term return streams. A large inflow of institutional investors and noncommercial traders has increased demand and lowered barriers to entry. Many of these investors simply want exposure to commodities as an asset
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