Illegal employment Essay Example | Topics and Well Written Essays - 2000 words

Illegal employment - Essay Example Hence, this research will focus mainly on evaluating whether the rights of illegal migrant workers are given protection. It will also be analyzed whether the EU policies and laws on these workers veer towards a more liberal and humanitarian approach as embodied in the EU Constitution. These aims can be achieved through careful scrutiny of policies and laws under which illegal migrant workers can assert protection of rights or bring to action their claims and grievances. International cooperation must also be examined as to the impact it has on migration in a region such as the EU. Through analyzing and evaluating the rights of illegal migrant workers through means of thorough study of the existing policies and laws concerning these workers, it will be found out whether or not the migrant workers are given equal protection under the law. The influx of migrant workers, both legal and illegal in status has been considered a major concern for the governments of Western European countries. Questions with regards to their legality and their impact on the host countries’ economy have caused controversy and heated debates (Layton-Henry, 1990). OECD (Organization for Economic Cooperation and Development) member countries have also stepped up their efforts to fight illegal entry and employment of migrant workers, yet, illegal entry of migrant workers into the EU member states has continued to increase. As a result, the OECD most recently augmented cooperation at both EU community level and the national level. The OECD (2000) has also affirmed its policies to curb and prevent illegal employment of foreigners. Due to the influx of migrant workers throughout Europe, the OECD has shown that they indeed fight for migrant workers rights and are not lax in this area on both the community and national level. A major concern on the part of European nations in regards to immigrants in general is the hardships that the nation

Hedge Funds Essay Example | Topics and Well Written Essays - 1000 words

Hedge Funds - Essay Example Most of the hedge funds are devised in such a manner that they are able to generate return for the investors with the rate of return that is generally more than the market return and even in times when the market is not performing well due to recession or some other reason. However, a retail investor cannot invest in the hedge fund the same way as he would have done it for stocks or mutual funds. The operations of these funds fall beyond the control of any government regulation and hence it is mainly at the fund manager’s discretion that the investment portfolio would be designed, what strategies would be employed and which stocks are to be included. The main motive behind devising such a fund was to secure the funds from the market risk and to earn more return. Hedge Fund Management and Skill The management of this kind of investment product requires a lot of skill. The fund managers need to have an insight about the market and the various risk management strategies that can help the managers to cover the fund against probable losses and gain profits out of those risky situations. The managers and the investors of these kinds of funds need to be aware of the types of investment risks that they may come across. Since higher the risk taken higher is the possibility of return, the hedge funds often attempt at taking risks that may not be beneficial for the investors. The capabilities and expertise of management of the hedge funds cannot be determined from their past performances because there are a lot of fluctuations in the way the hedge funds tend to perform. If an investor tries to invest in a fund looking at the past performance he might face a lot of challenges because the fund may not perform as before. Hedge Funds and Luck Often the investors of a hedge fund are confused between luck and skill. The common people think that a particular fund performed well because of the efficiency of the manager. But it is not always the case. It might happen becaus e of good luck as well. Most of the hedge funds do not encounter any kind of restrictions and hence their portfolios are not very diversified. For any risk averse individual it is highly risky to invest because the direction in which the market moves may not favour that particular fund. These kinds of funds often result in a mixed performance which may not be favourable for the investors in the long run. Hence, though the skill level of the managers is extremely important for prediction of the market and for choosing the correct investment avenue, the investors cannot rely on the intuition of the fund managers or their past performance solely. There is a luck factor and there should be a certain level of control of expectations on part of the investors because the markets may change its colour due to any kind of unprecedented event and hence may expose them to a risky situation. Hedge Funds and Insider Trading The agency theory is often applicable in case of hedge funds where the fu nd managers act as the agents of the investors. In most cases there exists an information asymmetry between the investors and the managers and the latter take this advantage for deriving undue profit from the market. Since Hedge Funds, are privately owned, they do not fall under the jurisdiction of any rigid regulatory framework. Thus the disclosure requirements of this fund are also less. Thus there may be problems of insider trading in case of hedge funds. The phenomenon of insider trading takes place when a fund manager makes use of any price