A jargon-free guide to how investment funds operate and have broken free of the financial crises to grow and prosper
Never has there been such an appetite and desire to understand the financial institutions that govern us. But despite dominating international headlines, alternative investment vehicles, including private equity and hedge funds remain elusive, with few able to explain their success. In this accessible and timely study, award-winning commentator Timothy Spangler explains how funds are structured to function outside of the rules that restrict other financial organizations. Designed to adapt and react to new conditions, they have thrived since the financial downturn, despite new laws and robust regulations. From start-ups to complex venture capital firms, this is the essential, no-nonsense guide to how hedge funds drive growth and influence markets. Staying one step ahead of the lawmakers, they continue to be significant players in both public and private sectors the world over.
Timothy Spangler is a Forbes.com contributor and writes the award-winning blog Law of the Market. He spent two decades working on Wall Street and in the City of London, and is currently an Adjunct Professor of Law at UCLA School of Law and a Visiting Lecturer at University College London's Faculty of Law. He regularly appears as a commentator on CNN, CNBC, BBC, and Sky News.
‘Finally a book that sheds a knowledgeable light on the private equity and hedge fund worlds. Long demonized by the media, Spangler has humanized these often secretive industry sectors all the while revealing just how essential they are.’
– John Tamny – Political Editor, Forbes
‘An excellent insight… Written in a very readable and accessible style, this book should be read by anyone wanting to learn more about this important and politically contentious sector.’
– Professor Julia Black – London School of Economics
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