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 writer 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...

This book provides the clearest, most concise analysis available on the legal and regulatory issues arising in connection with private investment funds. It advises legal practitioners on the structuring, formation, and operation of a range of asset classes, including hedge funds, venture capital funds, private equity funds, and real estate funds.