...Christopher Buttigieg; Joseph Agius; Sandra Saliba Purpose This paper aims to examine the rationale for the establishment of a depositary passport as the next logical step in building an internal market for investment funds in the European Union (EU). It makes the point that the de facto...

...%) *** higher volatility of returns (Δ = 0.43%) lower Sharpe ratio ** higher average fees (Δ = 0.90%) Gerhardt and Hackethal (2009) Portfolio characteristics (Equity share, Sharpe ratios etc.), t-test statistics Investment funds 02/2006-07/2007 (Germany) 597 investors who switched from non...

...Elias Bengtsson Purpose – This paper aims to consider the role of investment funds in the credit intermediation process and discuss various forms of systemic risk their involvement might give rise to. It concludes by drawing some conclusions on the policy challenges facing authorities charged...

... which made Malta an attractive jurisdiction for the registration of funds; and second, that the proper implementation of the Alternative Investment Fund Managers Directive (AIFMD) and the sustained commitment of the MFSA to engage qualified resources for proper supervision of the financial sector...

... prioritized the development of its GLCs as the engine of national economic growth (Low, 2004). It wanted its GLCs in key industries to be in a position to quickly develop a capacity to “punch above their weight” and dominate more established competitors by: Investment funds Corporate governance...

... Group Publishing Limited 2010 As global economic activity becomes more integrated, the world has witnessed a substantial growth in a new form of investment vehicle, the sovereign wealth fund (SWF). SWFs are large investment funds that are supported by their respective governments...

... discussion of this important issue. Investment funds Politics Thailand Temasek Holdings (Temasek) was established in 1974 under the Singapore Companies Act in order to manage the portfolio of companies and other investment assets held by Ministry of Finance (www.temasekholdings.com.sg...

... Clacher can be contacted at: ic@lubs.leeds.ac.uk © Emerald Group Publishing Limited 2009 Investment funds International investments Financial institutions China Protectionism The $200bn China Investment Corporation (CIC) was established in 2007 and is currently the 6th largest...

... the introduction of this norm are imposing major challenges for financial entities, supervisory authorities and financial markets. Research limitations/implications The unified regulatory system, even after the implementation of MiFID, remains fragmented, and the way in which it will apply to investment funds...

... Publishing Limited 2007 Legal decisions Investment funds Real Estate Opportunities Ltd v. Aberdeen Asset Managers Jersey Ltd and others (Court of Appeal: Civil Division: L JJ Tuckey, Arden, Lawrence Collins) Date of Judgment: 9 March 2007 The facts giving rise...

... of managing collective investment funds – considered that the European legislative framework was mainly based on the so‐called “Undertakings for Collective Investment in Transferable Securities (UCITS) Directive” [1] . This Directive was aimed at ensuring that a specific type of collective investment fund...