The growth of hedge funds: the reasons for a sustained progress and its effects on the uk investments market

Table of contents
Executive summary………..3
Historical background………..4
Regulatory framework………..5
Operational requirements………..5
Taxation………..6
Regulatory Framework: Categories of Regulated Fund………..8
Authorisation of OEICS………..9
Authorisation of AUTs………..10
Operational Requirements: UCITS and NURS………..10
Investment Trust Company………..12
Marketing the Fund………..13
Taxation………..13
Taxation of the AIF………..13
Transparency………..14
Remuneration………..15
Operational and Organisational Requirements………..16
Regulated activities………..16
Terminology: ‘Authorised Persons’ and ‘Approved Persons’………..17
Proposed Changes And Developments………..18
Conclusion………..19
Reference List………..20
Appendix A. Hedge Fund Investment Partnership………..22