Preface vii
Chapter 1 Seismic Shifts 1
Chapter 2 What is it like Being an Asset Manager? 18
Chapter 3 Structures and Economics 27
Chapter 4 Governance 57
Chapter 5 Investment Strategies 84
Chapter 6 Investors' View of the Industry 119
Chapter 7 Asset Allocation and Portfolio Construction 150
Chapter 8 Technology 167
Chapter 9 Regulation in the Asset Management Industry 183
Chapter 10 Risk, Compliance, and Regulatory Trends 209
Chapter 11 Taxation 233
Chapter 12 Regional Trends 255
Chapter 13 Future Trends 281
Some Conclusions 297
Glossary of Terms 301
Abbreviations 327
Acknowledgments 333
About the Author 337
Index 339
MATTHEW HUDSON is well known in the asset management and fund management industries, with over 30 years of experience as both a lawyer and an investor. With particular expertise in alternative assets, Matthew has built several financial and professional services firms, including asset management consultancy MJ Hudson, which advises over 750 fund managers. His broad investment experience (from funds of funds to venture capital) spans four groups: CSFB, Far Blue Ventures, Tower Gate Capital and Coller Capital. Matthew speaks regularly on alternative asset topics, and he is author of the leading text Funds: Private Equity, Hedge and All Core Structures (Wiley Finance).