The Law of Institutional Investment Management fills a gap for a work that describes the custom and practice of the institutional investment management industry with reference to both English law and to the European regulatory framework.
The governing theme of the work is the structure of the institutional investement process. The work seeks to define the legal risks that an institutional investor who invests in the financial markets through a professional investment manager must be aware of, both in relation to the investment manager and in relation to the financial markets.
The analysis addresses the key investment strategies and management styles, the investment manager's responsibility for delivering investment returns through asset allocation and asset selection decisions, the execution of those decisions, and the management of conflicts. The discussion includes an in-depth analysis of the modi operandi of various trading venues, the structure and legal aspects of key financial market transactions (including on-exchange and OTC traded derivatives, and securities lending and repo transactions), and the legal aspects of cash and securities movements in connection with settlement and collateralisation of those financial market transactions.
Rezensionen / Stimmen
Lodewijk van Setten has written an erudite and valuable contribution to the English law literature addressing this aspect of the financial services industry. Lawyers who encounter investment management every day or only rarely should have this work to hand * Tim Plews, Partner, Co-Head, Financial Services Practice, Clifford Chance,London * If you are a lawyer interested in investment, whether for yourself or your clients (and what lawyer isn't?)...Van Stetten's work of legal reference will certainly capture your attention from the outset * Phillip Taylor MBE and Elizabeth Taylor, Richmond Green Chambers * An absolutely fabulous book. This is, without a doubt, the best work in th this important area that I have ever read. Every practitioner faces on a daily basis in a concise, complete and referenced form with a thoughtful analysis of the issues in the two most important jurisdictions. It imparts wisdom and pragmatic assistance. I will keep it as my favourite, handy, reference. * Philip Harris, Skadden, Arps, Slate, Meagher & Flom LLP *
Sprache
Verlagsort
Zielgruppe
Für Beruf und Forschung
This work will be of interest to private practice lawyers and in-house practitioners, as well as scholars. Additionally, investment managers and broker-dealers who want to gain easy access to analysis of the most common and pressing legal problems facing the institutional investment management industry will find this work most helpful.
Maße
Höhe: 253 mm
Breite: 177 mm
Dicke: 22 mm
Gewicht
ISBN-13
978-0-19-928501-3 (9780199285013)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
Lodewijk van Setten is International Counsel and Managing Director of Morgan Stanley Investment Management in London. He has wide-ranging experience in advising financial institutions and institutional investors on all legal and regulatory aspects of transactions in the financial markets. He regularly publishes on these matters and teaches on the topic of financial markets at King's College, University of London, where he is a visiting professor. Prior to joining Morgan Stanley, he held positions in private practice in The Netherlands and the UK, and he was European Counsel of State Street Global Advisors.
Professor Van Setten holds an LLB and a PhD from the University of Utrecht, The Netherlands, and an LLM from Duke University, NC, USA, where he was a Special Staff Editor of the Duke Journal of Comparative International Law. He was admitted as advocaat in The Netherlands in 1993, as attorney-at-law in the State of New York in 1994, and as solicitor in England and Wales in 2002.
Before joining Covington & Burling, Lodewijk served as director and European Counsel for State Street Global Advisors (SSgA), the U.S. based institutional investment manager, in London. At SSgA, he was responsible for the legal support of all aspects of SSgA's institutional investment business in Europe. Prior to joining SSgA, he worked as a banking and securities lawyer for a leading international law firm in Amsterdam.
Lodewijk holds an LL.B and a Ph.D (Thesis: Private rights of action against broker-dealers and investor protection) from the University of Utrecht (The Netherlands) and an LL.M from Duke University (U.S.), where he was a Special Staff Editor of the Duke Journal of Comparative International Law. He regularly publishes on various topics relating to transactions in the financial markets and teaches these topics in the graduate programme at King's College (London), where he is a Visiting Professor. He was admitted as advocaat in the Netherlands in 1993, as attorney at law in the state of New York in 1994, and as solicitor in England and Wales in 2002.
Autor*in
Visiting Professor of Law, King's College London and Special Counsel, Covington & Burling
1. THE CHARACTERISTIC FEATURES OF AN INSTITUTIONAL INVESTMENT MANDATE ; 2. THE REGULATORY FRAMEWORK ; 3. THE LEGAL DUTIES OF AN INSTITUTIONAL INVESTMENT MANAGER ; 4. EXERCISE OF INVESTMENT DISCRETION ; 5. CASH ACCOUNTS AND CASH TRANSFERS ; 6. SECURITIES ACCOUNTS AND SECURITIES TRANSFERS ; 7. EXERCISE OF INVESTMENT AUTHORITY
