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 twenty splits have gone bust leaving many private investors seeking redress. A major FSA investigation is continuing. 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. The contributors express a wide range of views. The Split Capital Investment Trust Crisis provides an historical background to the crisis describes the underlying reasons for the crisis and the media, regulatory and political response outlines theoretical models for the risk assessment and valuation of shares in splits considers key management issues highlighted by the crisis discusses the main lessons to be learned "Andy Adams, with his impressive team of authors has put together a lucid critique of this highly complex subject. Whose fault - managers, advisers, investors or whoever? The evidence and commentary thereon are here for you to decide. Essential reading for the student of any age." —Lord Remnant, Former Chairman AITC "Andrew Adams has compiled the definitive account of not just the splits crisis, its political impact and the lessons for the future, but also the history of splits and the most up to date ways in which they can be valued. The chapters are written in contrasting styles by experts and are self-contained so that readers will be able to dip in and out of whatever interests them. The book is required reading for all those with an interest in financial markets and what happens when they fail." —Christopher Brown, Head of Investment Companies Research, Cazenove
As this book so rightly concludes, the bottom line has to be to provide full information so that the risks can be properly assessed. I congratulate the authors." —Angela Knight, Chief Executive, APCIMS
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Washakie County is a county located in the U.S. state of Wyoming. As of 2000, the population was 8,289. Its county seat is Worland.Washakie County was organized in 1911 and named after the head chief of the Shoshone people, Chief Washakie, who became an ally of the US Government.
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online.
The paper examines the teachings of the Qur'an and the Sunnah and the views of a number of classical Muslim scholars with respect to the unity of mankind and its implications for integration of the world economies through increased specialization and division of labor and removal of restrictions on the free flow of goods, services, labor and capital. It then discusses the extent to which these teachings and views fit within the framework of the New Global Economy. It argues that the philosophy ingrained in Islamic teachings and the writings of Muslim scholars considers the promotion of justice to be indispensable for achieving the desired integration of the world economies. The paradigm of the New Global Economy, unfortunately, lacks this commitment to justice. Hence the resistance to globalization. The author argues that Muslim countries should, nevertheless, support globalization, but should simultaneously struggle for the injection of justice in its paradigm. This will, however, not be sufficient by itself. They should also strive for introducing greater justice in their own economies and also adopt a number of measures that would help them meet successfully the challenges of globalization.
The paper examines the teachings of the Qur'an and the Sunnah and the views of a number of classical Muslim scholars with respect to the unity of mankind and its implications for integration of the world economies through increased ...
