The Institute of a Qualified Investor as a Corporate Governance Element of the Investment Fund

Alexander A. Metzger, Elena I. Druzhinina
Year: 2014
DOI:
UDK: 336.7
Pages: 10-19
Language: russian
Section: The optimization of Russia's Economy Management: finance, economic, mathematical and computer models
Keywords: investment fund, corporate governance, efficient market, transactional cost, managing company, qualified investor, board of investment.
Abstract
The article considers the issues of the corporate governance organization in investment funds. The author shows the possibility for differentiating corporate governance models according to the nature of the investment market and the structure of the fund investors. The directions are formulated to change the regulation of mutual investment funds. The current legislative developments have been proposed that may lead to higher efficiency of funds and responsibility of funds’ governing bodies in line with real investment objects and the structure of investors.
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