The authors build on research into the African equity universe to recommend a more appropriate index for investment. Three different methodologies were investigated, namely capitalization, equal, and fundamental weighting of index constituents. The authors conclude that diversification is not...

The credit crisis that developed as a result of the problems in the US sub-prime mortgage market has consequences for the future shape of regulation of the fund management industry. The author examines the exposed agency problems, poor risk management, and the lack of liquidity in many fund...

Purpose – The trend towards substituted compliance has accelerated post the 2008 credit crisis and is now being pursued with an enthusiasm that is sidelining the prior trend towards multilateral rule convergence. This paper addressed the question of what to do about other regulatory regimes,...