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A practical guide to UCITS funds and their risk management

Description A practical guide to UCITS funds and their risk management. Titre: A practical guide to UCITS funds and their risk management Theme1: Économie - Monnaie / Institutions / Politiques monétaires Theme2: Résumé: UCITS funds today represent a major share of European funds. The European directives started with UCITS I in the mid 1980s, and have been amended up to UCITS IV in 2009, to be followed soon by a UCITS V package. In its first part, this book is summarizing the evolution and features of these successive sets of European regulations. Among others, it covers the UCITS eligible assets, the key parties involved in UCITS funds operations, their reporting and information requirements, taxation and many other useful related subjects, to give a short but useful understanding of the UCITS world. Besides, the UCITS IV directive is entering into the risk management field, which is materialized by the issue of a key document entitled Risk Measurement and the Calculation of Global Exposure and Counterparty Risk for UCITS (the famous ref. 10-788 Guidelines of the Committee of the European Securities Regulators "CESR'). These Guidelines require some technical skills: the second part of this book reproduces the CESR's Guidelines, punctuated with comments and prerequisites of quantitative finance, to help for a better understanding of the content and significance of this UCITS IV objective. After studying law in Paris and London Charles Muller became a Luxembourg barrister. In 1994 he joined Banque Générale du Luxembourg, then, in 2003, the Association of the Luxembourg Fund Industry (ALFI) where he held the position of Deputy Director General. He was also a Board member of the world-wide federation of investment fund associations (IIFA) and a member of the Management Committee of the European Fund and Asset Management Association (EFAMA). Since December 2011, Charles Muller is a partner with KPMG Luxembourg, in charge of the Investment Management arm of the EMEA Financial Services Regulatory Centre of Excellence. Alain Ruttiens, est ingénieur civil (Faculté Polytechnique de Mons, Belgique). Il est actuellement gestionnaire de hedge fund, après plus de quinze ans (à la Banque Indosuez en Belgique, et plus récemment à la CBC Banque, filiale de la KBC Bank) consacrés aux produits dérivés financiers. Il enseigne ces matières entre autres à l'ESCP (Paris), à la Sorbonne (Paris), au Centro di Studi Bancari (Lugano, Suisse), ainsi qu'à l'Ecole Supérieure des Affaires à Beyrouth (Liban). Il est également IAG Fellow de l'Université de Louvain (Belgique) et membre du Decision Sciences Institute (Atlanta, USA).


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A practical guide to UCITS funds and their risk management ~ A practical guide to UCITS funds and their risk management : A must-have book about investments !UCITS funds today represent a major share of European funds. The European directives started with UCITS I in the mids 1980s, and have been amended up to UCITS IV in 2009, to be followed soon by a UCITS V package. In its first part, this book is summarizing the evolution and features of these .

A practical guide to UCITS funds and their risk management ~ Get this from a library! A practical guide to UCITS funds and their risk management : How to invest with security.. [Charles Muller; Alain Ruttiens] -- A must-have book about investmentsUCITS funds today represent a major share of European funds. The European directives started with UCITS I in the mids 1980s, and have been amended up to UCITS IV in .

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09-178 Risk Management Principles for UCITS ~ 11-13 avenue de Friedland - 75008 PARIS - FRANCE - Tel.: 33.(0).1.58.36.43.21 - Fax: 33.(0).1.58.36.43.30 Web site: www.cesr.eu Ref: CESR/09-178 Risk management principles for UCITS February 2009. 2 INDEX Introduction 3 Definitions 5 Risk management of UCITS – legislative background 6 Risks relevant to UCITS 8 Proposed level 3 measures 10 . 3 INTRODUCTION Background 1. A risk management .

Ref: Review of the Alternative Investment Fund Managers ~ UCITS Directive to third parties and only perform some control functions internally (notably risk management functions). In particular, portfolio management functions are often largely or even entirely delegated to third parties within or outside of the group of the AIFM or UCITS management company. Moreover, in light of the withdrawal of the .

COLL 6.12 Risk management policy and risk measurement ~ (1) The risk management process in COLL 6.12.3 R should take account of the investment objectives and policy of the scheme as stated in the most recent prospectus. (2) The depositary of a UCITS scheme should take reasonable care to review the appropriateness of the risk management process in line with its duties under COLL 6.6.4 R (General duties of the depositary) and COLL 6.6.14 R (Duties of .

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How to Invest in UCITS Funds - SmartAsset ~ These funds offer protection for investors against market risk while allowing them to maintain liquidity in their investments. UCITS funds can be traditional mutual funds, exchange-traded funds (ETFs) or money market funds. According to the European Fund and Asset Management Association, total assets under management in UCITS funds reached $10 .

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UCITS – THE KEY CONSIDERATIONS ~ launching a Ucits structure as a response to investor de-mand, however, in order to be a viable option managers need to have $25-$50m in commit- ted seed capital. Do you have a clear strategy on how you are going to increase assets under management once launched? Approximately 90% of alterna-tive Ucits funds are sub-$100m, however 90% of the allocators to alternative Ucits funds are looking at .

A guide to ucits funds in cyprus ~ product due to their liquidity, transparency, risk management and high degree of regulation, which collectively offer increased levels of investor protection and oversight. While being addressed to retail investors, most UCITS are in fact targeted at institutional investors who recognise the brand as representing one of the highest standards in the asset management industry. A guide to UCITS .

The Evolving Role of Risk in Fund Management ~ The rolling and possibly on-going financial crisis that started in 2007 has provided risk managers with an invaluable learning experience. Irrespective of the claims of individual fund managers, the industry as a whole performed poorly, and it is as a reflection of this reality, that the evolution of risk management should be understood.

Fund distribution - UCITS and Alternative Investment Funds ~ UCITS are now regarded globally as very well regulated funds, with robust risk management procedures, a strong emphasis on investor protection and coming from a stable environment. As a result, the UCITS brand is recognised beyond the EU and UCITS products are accepted for sale in Asia, the Middle East and Latin America. UCITS funds are domiciled in 27 European countries, the largest being .

UCITS Management Companies / Central Bank of Ireland ~ A UCITS Management Company is a company authorised under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, (“the Regulations”) to engage in the management of UCITS and other collective investment schemes in the form of either unit trusts, common contractual funds or investment companies or any combination thereof.

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Basel Committee on Banking Supervision ~ To ensure that banks have appropriate incentives to enhance the risk management of their exposures, the degree of conservatism increases with each successive approach. The Committee also agreed to incorporate a leverage adjustment to the risk-weighted assets derived from the above approaches to appropriately reflect a fund’s leverage. Transitional arrangements . This final standard will .

Newcits: Investing in UCITS Compliant Hedge Funds (English ~ Due to their strong regulatory frameworks, UCITS compliant hedge funds have seen a boom in recent years and are considered by many as the only way out for the hedge fund industry after the crisis. Newcits: Investing in UCITS Compliant Hedge Funds is a one-stop resource for investors who want to get the best out of their UCITS investments. There .

Alain Ruttiens - Luxembourg / Profil professionnel / LinkedIn ~ Voir le profil professionnel de Alain Ruttiens sur LinkedIn. Grâce à LinkedIn, le plus grand réseau professionnel au monde, les professionnels tels que Alain Ruttiens peuvent découvrir des suggestions de candidat, des experts dans leur domaine et des partenaires commerciaux.

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