tailieunhanh - RESPONDING TO THE AIFM DIRECTIVE - THE LUXEMBOURG SPECIALIZED INVESTMENT FUND

In the Burdett and Judd (1983) model retailers are selling only one good and thus setting only one price. As a result, while lowering it to attract the shoppers they also lose sure prot they earn from the captives. In contrast, if retailers are selling two complements, they can keep the sum of the two prices constant at the joint reservation value of the two goods (thus ensuring that the prot earned from the captives is unchanged) and lower one of the prices, engaging aggressively in a price competition for the shoppers. Joint discrimination is impossible if the two goods are substitutes. Unlike complements, substitutes that a retailer. | A practical guide March 2012 s l Ernst YOUNC Responding to the AIFM Directive The Luxembourg Specialized Investment Fund An AIFM Directive-ready investment fund vehicle Specialized Investment Fund Contents Foreword 2 01 SIFs 4 02 Setting up and running a SIF 8 03 Risk management diversification valuation and conflicts of interest 18 04 Key service providers and delegation 20 05 Distribution of SIF products 24 06 Fund information and reporting 26 07 Expenses and taxation .

• Quỹ đầu tư
• complete protection
• Confidence always
• Ensures systems
• Self Reported Pirates
• Emerging Economies
• Exert Greater Influence
• Eliminate additional
• one decision
• one purchase