The regulation of collective investments: the role and responsibilities of a trustee

Article Abstract:

The restructure of collective investments has been proposed whereby one single entity will replace the current two-tier system of manager and trustee. Trustees of a public unit trust scheme have the dual roles of being a safe repository of the trust fund and supervision of the manager's operation of the fund. Those who oppose the proposal point out that reposing the two functions in one entity will prove to be detrimental since their respective duties require that the trustee and the manager be independent of each other.

HOLDING AND OTHER INVESTMENT OFFICES, Evaluation, Financial planning, Investments, Trusts and trustees, Trustees, Trusts (Law)

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Cross-country comparisons of efficiency: evidence from the UK and Italian investment firms

Article Abstract:

The two new methods for cross-country comparisons of the cost efficiency of the UK and Italian investment firms over the period 1995-1998 are compared. A profitability test is undertaken to identify investment firms that are both cost and profit efficient.

Investment Offices, Investment Companies, Comparative analysis, Cost benefit analysis

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The role of foreign currency debt in financial crises: 1880-1913 versus 1972-1997

Article Abstract:

The extent to which mis-management of foreign currency debt affects a country's risk of financial crises, with resprect to 1880-1913 and 1972-1997 periods, is analyzed.

Administration of General Economic Programs, Foreign Economic & Financial Assistance, Economic aspects, Economic assistance, Foreign economic assistance, 20th century AD, 19th century AD, External debts, Financial crises

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