„... the definitive work on the scandal“ (The Express, 08/10/04)
„... features a wealth of expertise on the tricky questions of ethics.“ (The Glasgow Herald, 13th Oct 2004)
„... intended to explain what went wrong and the lessons to be learnt...“ (Financial Times - Money, 13th November 2004)
„... explains clearly and authoritatively how what used to be a small, safe part of the investment world took the low road to disaster.“ (Professional Investor, April 2005)
„This book provides an excellent record of perhaps the worst calamity ever to hit the investment trust industry... it is timely, beautifully produced... and comprehensive...“ (IEA Economic Affairs, September 2005)
„... the definitive work on the scandal“ (The Express, 08/10/04)
„... features a wealth of expertise on the tricky questions of ethics“. (The Glasgow Herald, 13th Oct 2004)
„... intended to explain what went wrong and the lessons to be learnt...“ (Financial Times - Money, 13th November 2004)
The Split Capital Investment Trust Crisis
herausgegeben von Andrew A. AdamsThis book, with contributions from specialists intimately involved with the crisis, provides an in-depth and authoritative review of splits, discussing their history, what went wrong, and lessons for the future. A range of views is expressed by the contributors.
The book is divided into five parts:
The Split Capital Trust Market - the structures, the risks, valuing the shares
Response to the Crisis - the media, regulatory and political response
Management Issues - corporate governance, some ethical considerations, reputational risk
Looking Forward - product innovation and marketing, some implications for the fund management industry, lessons for the future