Investment funds are the driving force behind much global private economic development, and yet the world of investment funds can be complex and confusing. Funds: Private Equity, Hedge and All Core Structures is a practical introductory guide to the legal and commercial context in which funds are raised and invest their money, with examinations of the tax and regulatory background, and an analysis of the key themes and trends that the funds industry face following the financial crisis. The book looks at asset classes, investor return models, the commercial and legal pressures driving different structures and key global jurisdictions for both fund establishment and making investments. It also contains a comprehensive analysis of fund managers, from remuneration, best practice through to regulation. The book is written for readers from all backgrounds, from students or newcomers to the industry to experienced investors looking to branch out into alternative asset classes, or existing asset managers and their advisers wanting to know more about the structures elsewhere within the industry. "This book is extremely helpful in that is does exactly what the author set out to do, filling a void as a guide to the wide range of fund and fund manager structures. Breaking down jargon across this range, the reader gains a good understanding of the industry and is given insights into the relationships between the different players and structures, including how tax and regulatory regimes impact them. It is a book I will often revisit for specific chapters and will happily recommend to colleagues, clients, and others in the industry." -- Richard Jobling, Partner, HedgeStart Partners LLP "Matthew Hudson is one of the pioneers of the Private Equity industry. He played a leading role in the development of many of the legal terms and precedents that we GPs take for granted in our deals and fundraising. Matthew is highly regarded as a straight talking, no nonsense lawyer and it is gratifying to see that this style pervades this important book. At a time when the industry is beset by heavy handed regulation it is useful to have a book that explains clearly and concisely just how the structures used in the PE industry work." -- Wol Kolade, Managing Partner, ISIS Equity Partners "This easy to use reference work is a further example of Matthew Hudson's practical contribution to the Private Equity and Alternatives Fund Management industries. As a mini encyclopaedia on the subject of international fund structuring, the book provides access for legal and non-legal people alike, to a well laid out, comprehensive and simply communicated universe of possibilities. This demystification is most welcome in an area often overcomplicated by lawyers, and regarded with trepidation by GPs." -- Jane Crawford, Partner, Chamonix Private Equity LLP Funds Private Equity, Hedge and All Core Structures Investment funds are the driving force behind much global private economic development, and yet the world of investment funds can be complex and confusing. Funds: Private Equity, Hedge and All Core Structures is a practical introductory guide to the legal and commercial context in which funds are raised and their money invested. It includes examinations of the tax and regulatory background and an analysis of the key themes and trends facing the funds industry following the financial crisis. The book looks at asset classes, investor return models, the commercial and legal pressures driving different structures and key global jurisdictions for both fund establishment and making investments. It also contains a comprehensive analysis of fund managers, from remuneration and best practice through to regulation. The book is written for readers from all backgrounds, from students or newcomers to the industry, to experienced investors looking to branch out into alternative asset classes, or existing asset managers and their advisers wanting to know more about the structures elsewhere within the industry. About the author Matthew Hudson is an entrepreneurial lawyer with over 25 years of Private Equity experience, both as a lawyer and as an investor. Matthew is a well-known industry figure and regularly speaks on new developments concerning the Private Equity industry. Matthew has helped build and manage four of the major Private Equity law firms: Founder of MJ Hudson - Co-founded the Private Equity Group of SJ Berwin - Re-established the O’Melveny & Myers London office, and chaired the European Private Equity and M&A Practices - Created the Proskauer Rose, London office Further, Matthew has also worked in three Private Equity houses: Leveraged buy-outs for a group built within CSFB - Founded Far Blue Ventures, the Venture Capital house, backing IP spin-outs from universities - Coller Capital, the global Secondaries firm