Regulation of Alternative Investment Funds
|
Module Code |
LA7127 |
|
ECTS weighting |
10 |
|
Semester/term taught |
2 |
|
Lecturer |
Dr Alexandros Seretakis |
From Soros’ landmark bet against the British pound in 1992 to John Paulson’s big short against the US housing market in 2007, alternative investment funds have long attracted the covert admiration and suspicion of politicians, regulators and the public. The opaque nature of the alternative investment fund industry, its alleged role in major crises around the world and a perceived lack of investor protection have repeatedly led to calls for greater regulation of alternative investment funds. The aim of this module is to offer an introduction to the world of alternative investment funds, in particular hedge funds and private equity funds, and their regulation and equip students with a sound understanding of the business model of alternative investment funds and the regulatory regime governing them. The module will examine the benefits offered and the dangers posed by alternative investment funds and assess the rationales for their regulation. Furthermore, the course will focus on the regulation of alternative investment funds in the EU comparing the approach adopted by EU lawmakers with the one adopted by the US, the largest market for alternative investment funds. The module is designed for students interested in financial markets and the growing field of law and finance.
Learning Outcomes:
On successful completion of this module, students should be able to:
- Understand the business model of alternative investment funds, most notably hedge funds and private equity funds
- Critically evaluate the benefits offered and the risks posed by alternative investment funds
- Assess the different regulatory regimes governing alternative investment funds in the EU and the US
- Appraise the effects of regulation on the alternative investment fund industry, financial stability and investor protection
- Comprehend the changing business and regulatory environment for alternative investment funds
- Further develop their interest in financial markets.
Assessment:
- 5,000 world essay (incl. footnotes) - 85% of total mark
- Class presentation- 15% of total mark
The assessment method is designed in order to enhance students’ research, writing and presentation skills and allow them to obtain in-depth knowledge of specific topics.