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Hedge Funds Analysis Focused on Legal Regulation
Dirhan, Martin ; Srch, David (referee) ; Sojka, Zdeněk (advisor)
This Thesis aims at hedge funds analysis focused on legal regulation. Hedge funds are not very well-known in our country, they represent a specific kind of investment funds. A term which describes these funds most closely within our legal environment is "Funds of qalified investors". The first part of this Thesis is focused predominantely on general descsription of hedge funds, their histroy and specific features. The second part of the Thesis deals with strategy, legislation and some other aspects of hedge funds.
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Stock Portfolio Proposal for a Hedge Fund
Vitula, Miroslav ; Brauner, Roman (referee) ; Rejnuš, Oldřich (advisor)
The aim of this thesis is to formulate an investment portfolio recommendation consisted of publicly traded companies based on fundamental analysis for a hedge fund. The theoretical part of the thesis is focused on structure, definitions and constraints of Czech funds followed by an introduction to financial analysis, its tools and selected ratios. The following part describes a model fund, its properties and investment strategy. Subsequently, a portfolio consisted of publicly traded companies is created for this fund.
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Investment company in managing funds of the qualified investors
Benda, Martin ; Kohajda, Michael (advisor) ; Kotáb, Petr (referee)
Investment company in managing funds of the qualified investors The aim of this proposed thesis is a qualitative analysis of the internal mechanisms of operations of an investment company in managing a fund of qualified investors. The stated goal is to relatively analyse the organism, which is providing the managing portfolio in the ownership of the fund by abstracting the most important processes that are taking place in such matter. The thesis is divided in a logical order from the historical genesis of collective investment through a brief analysis of the basic subjects of collective investment up to a qualitative analysis of the issues relating to the management of the assets of an externally managed fund with regard to the division of functions of individual bodies inside the investment structure. In conclusion, following the qualitative analysis of the activities of the individual bodies of the investment company - I then, on an example of the acquisition process, attempt to analyse and break down the roles of the individual bodies performing as a part of the acquisition of an asset to the portfolio of an externally managed investment fund.
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Qualified investors' funds and asset management comparable to management of an investment funds
Vaníček, Jan ; Kohajda, Michael (advisor) ; Sejkora, Tomáš (referee)
Qualified investors' funds and asset management comparable to management of an investment funds The main aim of the submitted diploma thesis is particularly a description and analysis of the regulation of qualified investors' funds and asset management comparable to management of an investment funds, and the comparison of their usage in practice, especially in terms of numerical representation of individual legal forms. Apart from the descriptive and analytical methods, I frequently use the comparative method and also methods of deduction and induction. The diploma thesis consists of six chapters. The content of the first chapter is a brief introduction to the capital market law, in the second one, we find the regulation of investment funds in the Czech Republic. In the third chapter, I deal with the definition of the investment fund and analyse activities, which are directly related to the investment fund, i.e. management, administration and marketing of investments. The fourth chapter provides an overview how the current regulation divides investment funds. Emphasis is put on differences in regulatory requirements between establishing an internally managed and externally managed investments fund. In the fifth chapter, I deal with qualified investors' funds. First, I adress the definition of a...
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Stock Portfolio Proposal for a Hedge Fund
Vitula, Miroslav ; Brauner, Roman (referee) ; Rejnuš, Oldřich (advisor)
The aim of this thesis is to formulate an investment portfolio recommendation consisted of publicly traded companies based on fundamental analysis for a hedge fund. The theoretical part of the thesis is focused on structure, definitions and constraints of Czech funds followed by an introduction to financial analysis, its tools and selected ratios. The following part describes a model fund, its properties and investment strategy. Subsequently, a portfolio consisted of publicly traded companies is created for this fund.
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Investment company in managing funds of the qualified investors
Benda, Martin ; Kohajda, Michael (advisor) ; Kotáb, Petr (referee)
Investment company in managing funds of the qualified investors The aim of this proposed thesis is a qualitative analysis of the internal mechanisms of operations of an investment company in managing a fund of qualified investors. The stated goal is to relatively analyse the organism, which is providing the managing portfolio in the ownership of the fund by abstracting the most important processes that are taking place in such matter. The thesis is divided in a logical order from the historical genesis of collective investment through a brief analysis of the basic subjects of collective investment up to a qualitative analysis of the issues relating to the management of the assets of an externally managed fund with regard to the division of functions of individual bodies inside the investment structure. In conclusion, following the qualitative analysis of the activities of the individual bodies of the investment company - I then, on an example of the acquisition process, attempt to analyse and break down the roles of the individual bodies performing as a part of the acquisition of an asset to the portfolio of an externally managed investment fund.
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Legal regulation of alternative investment funds in the Czech Republic
Kucharovičová, Katarína ; Bakeš, Milan (advisor) ; Vondráčková, Pavlína (referee)
LEGAL REGULATION OF ALTERNATIVE INVESTMENT FUNDS IN THE CZECH REPUBLIC ABSTRACT The purpose of my thesis is to analyze the impact of the recently adopted groundbreaking European regulation of alternative investment funds into the Czech legal environment of collective investments. The respective chapters provide an analysis of the most important aspects of regulation of alternative investment funds, which I consider as crucial for collective investment undertakings and its (even only potential) investors. In a large portion of the thesis I focus on the definition of alternative investment funds to clarify the possible modes of operation and distinguish them from their earlier regulated standard counterparts. In the first of eight chapters I introduce this topic in the historical context, which provides a brief excursion into the progress of regulation of collective investment at the European and Czech level, and further explain the reasons which led to creation of a unified regulation for collective investment business. The second chapter describes the current regulatory framework in accordance with the European regulation, based primarily on the Alternative Investment Fund Managers Directive (AIFMD) and its subsequent transposition into the Czech Act on Investment Companies and Investment Funds (ICIFA)....
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Effect of Exchange Rate Hedging on the Performance of Collective Investment Fund
Pfeiferová, Daniela ; Valder, Antonín (advisor) ; Jiří, Jiří (referee)
Collective investment is among the fastest growing areas of investment in financial markets. Its importance within each economy is influenced by the level of development of the capital market. The beginnings of collective investment in the Czech Republic are associated with the coupon privatization in the 90s of the last century. The basic advantages of this method of investing can include risk diversification, professional portfolio management, liquidity of the investment, regulation and tax benefits. The theoretical part describes the historical development of this business in the financial market. The systematization of collective investment was proposed according to the subject of investing, the method of returns distribution to investors, the terms of investment strategy, the investor's investment profile and according to the existing legislation. Transparent classification schemes were created for particular perspectives. The analytical part of the thesis analyzes the processes used to measure the performance of mutual funds, characterization of the risks associated with collective investment and the possible ways to hedge the foreign currency exchange rate risk. The outputs of the thesis respond to two hypotheses: H1: The monthly cost to hedge the foreign exchange risk affects the monthly performance of the mutual fund on the basis of the correlation in time series. H2: Is the information on the costs of exchange rate hedging required for quality decisionmaking for a small investor (consumer).
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Hedge Funds Analysis Focused on Legal Regulation
Dirhan, Martin ; Srch, David (referee) ; Sojka, Zdeněk (advisor)
This Thesis aims at hedge funds analysis focused on legal regulation. Hedge funds are not very well-known in our country, they represent a specific kind of investment funds. A term which describes these funds most closely within our legal environment is "Funds of qalified investors". The first part of this Thesis is focused predominantely on general descsription of hedge funds, their histroy and specific features. The second part of the Thesis deals with strategy, legislation and some other aspects of hedge funds.
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