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Kommt der große Crash an den Finanzmärkten, wenn einige große Hedge-Fonds pleite gehen? Und werden demnächst deutsche … Hintergrund und die Anreize, die zu einem enormen Mittelzufluss in Private Equity - und Hedge-Fonds geführt haben, legt dar, wie … Regulierung sind enorm, und dürfen nicht blauäugig ignoriert werden. Eine direkte Regulierung der Fonds mit Sitz auf Offshore …
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This paper presents a model on the leverage of financial intermediaries, where debt are held by risk averse agents and equity by the risk neutral. The paper shows that in an unregulated competitive market, financial intermediaries choose to be leveraged over the social best level. This is...
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The role of the hostile activist shareholder has been taken up by a set of hedge funds. Hedge fund activism is characterized by mergers and corporate restructuring, replacement of management and board members, proxy voting, and lobbying of management. These investors target and research...
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This article deals with the Directive and the context within which it was promulgated and, as a preliminary matter, discusses the idea of regulation itself. However, this article deals only with certain selected issues arising from the Directive and focuses on hedge funds (the alternative...
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