Project Type
Preproposal PhD-Thesis

Description
In recent years, the growth of the alternative investment industry, namely Private-Equity (PE) and Hedge-Funds (HF), has generated regulatory debates and attention across jurisdictions. Whereas the legal framework for setting up mutual funds is step by step being standardized across Europe, and thus taking away competitive advantages for individual domiciles, regulatory environment for alternative investments differs in each jurisdiction to gain competitive advantage against other players. A common misconception of the general public regarding alternative investments is, to think of them as unregulated investment vehicle. Even though they might only be lightly regulated in comparison to mutual funds, they still have to adhere to many laws. While the consequences of PE/HF regulation on PE/HF value effects is nowadays one of the largest concerns in the PE/HF industry, it has received little research attention from studies exclusively focusing on this subject.