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Split capital investment trusts (splits) became fashionable in the late 1990s but the splits boom led to some spectacular collapses as the bear market unfolded. Despite warnings from certain analysts, academics and journalists, over 20 splits have gone bust leaving many private investors seeking redress. A major FSA investigation is now underway. This 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 Crisis past financial crises, evolution of the split trust sector, the crisis unfolds 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
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*LONGLISTED FOR THE 2021 INTERNATIONAL BOOKER PRIZE.* 'One of the greatest writers of our time' Chimamanda Ngozi Adichie The Perfect Nine is a glorious epic about the founding of Kenya's Gikuyu people and the ideals of beauty, courage and unity. Gikuyu and Mumbi settled on the peaceful and bounteous foot of Mount Kenya after fleeing war and hunger. When ninety-nine suitors arrive on their land, seeking to marry their famously beautiful daughters, called The Perfect Nine, the parents ask their daughters to choose for themselves, but to choose wisely. First the young women must embark on a treacherous quest with the suitors, to find a magical cure for their youngest sister, Warigia, who cannot...
The Castellated and Domestic Architecture of Scotland, From the Twelfth to the Eighteenth Century by Thomas Ross, first published in 1887, is a rare manuscript, the original residing in one of the great libraries of the world. This book is a reproduction of that original, which has been scanned and cleaned by state-of-the-art publishing tools for better readability and enhanced appreciation. Restoration Editors' mission is to bring long out of print manuscripts back to life. Some smudges, annotations or unclear text may still exist, due to permanent damage to the original work. We believe the literary significance of the text justifies offering this reproduction, allowing a new generation to appreciate it.
An introductory 2001 textbook on probability and induction written by a foremost philosopher of science.