Financial Times Guide to Investing in Funds

Table of contents

1. Cover
2. The Financial Times Guide to Investing in Funds
3. Contents
4. Acknowledgements
5. Introduction (1/2)
6. Introduction (2/2)
7. The manager
   1. The star traders
   2. International legal structures for managers
   3. The manager and the advisor’s roles (1/2)
   4. The manager and the advisor’s roles (2/2)
   5. Controls over the fund
   6. What to deduce from a manager’s set up
8. The fund
   1. Investing in a fund
   2. International legal structures for funds
   3. Common forms of funds (1/2)
   4. Common forms of funds (2/2)
   5. Understanding where the money goes
   6. Fund performance (1/2)
   7. Fund performance (2/2)
9. The prospectus
   1. Why is there a prospectus? / 38
   2. Leverage and investment restrictions
   3. Fees
   4. The subscription and redemption forms in the prospectus
   5. Corroboration and gap analysis with marketing material
10. Governance
    1. Key individuals
    2. Organisation of employees (1/2)
    3. Organisation of employees (2/2)
    4. Directors’ independence
    5. Management dedication
11. Service providers
    1. The missing link – the investor
    2. Administrator (1/2)
    3. Administrator (2/2)
    4. Prime broker and custodian
    5. Other key providers
12. Front and back office operations
    1. Internal operational policies
    2. Verifying the application of policies
    3. Front office workflow
    4. Back office workflow
    5. The future balance of power between front and back office
13. Investment process and products
    1. Investment process
    2. Key strategies
    3. A disciplined approach
    4. Dependence on research
    5. Using statistics and data
    6. Benchmarks
    7. Leverage
    8. Portfolio turnover and trading volume
    9. Market conditions and competitors
    10. Products traded and assets in your portfolio
    11. Capacity and AUM
    12. Investors analysis
    13. Principals’ own investments
14. Risk management
    1. Risk management processes (1/2)
    2. Risk management processes (2/2)
    3. Key man risk
    4. Market risk
    5. Valuation risk
    6. Liquidity risk
    7. Counterparty risk
15. Compliance
    1. Compliance status
    2. Compliance officer
    3. Systems and controls
    4. Financial promotion
    5. Financial reporting
    6. Insurance
    7. Business continuity plan
    8. Dealing and managing
    9. Anti-money laundering
    10. Prudential (capital requirement) / 175
16. Background checks
    1. Relevance of background checks
    2. Practical steps (1/2)
    3. Practical steps (2/2)
17. Conclusion
    1. The value of due diligence
    2. The future of the fund industry’s service providers and advisors to investors (1/2)
    3. The future of the fund industry’s service providers and advisors to investors (2/2)
    4. New regulation – what is it good for? / 201 (1/2)
    5. New regulation – what is it good for? / 201 (2/2)
18. Glossary (1/2)
19. Glossary (2/2)
20. Index (1/2)
21. Index (2/2)