المصدر: | مجلة الحقوق |
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الناشر: | جامعة الكويت - مجلس النشر العلمي |
المؤلف الرئيسي: | Al Zumai, Fahad (AUTH.) |
المجلد/العدد: | مج32, ع2 |
محكمة: | نعم |
الدولة: |
الكويت |
التاريخ الميلادي: |
2008
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الشهر: | يونيو |
الصفحات: | 11 - 30 |
DOI: |
10.34120/0318-032-002-010 |
ISSN: |
1029-6069 |
رقم MD: | 656302 |
نوع المحتوى: | بحوث ومقالات |
قواعد المعلومات: | IslamicInfo |
مواضيع: | |
رابط المحتوى: |
المستخلص: |
This paper examines the regulatory framework for hedge funds in the U.S, Germany and the U.K. It covers the historical development and risk elements involved in the hedge funds industry. The main distinctions between hedge funds and conventional investment funds are highlighted throughout the paper. Further, the paper examines the inherited conflict of interest in the hedge funds industry and the lenient regulatory framework that allows the industry to engage in regulatory arbitrage. All covered jurisdictions opt not to define hedge funds due to the various structures adopted in the industry. The German regulatory framework adopted a parental approach and highlighted the needed diversification strategies that need to be followed by the hedge funds industry. Conversely the U.S and the U.K regulators focused on disclosure elements and the need to bring the industry under the regulators umbrella. This paper concludes that the existing relaxed regulatory environment for hedge funds are most likely to change in the near future for more parental regulations which can affect the latitude that the industry enjoyed throughout the years. |
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ISSN: |
1029-6069 |