Brave new world for hedge funds

Massive redemptions and other problems that have beset hedge funds in 2008 have caused some seismic shifts in the way managers and investors now view the documentation setting up a fund. US Editor Hedge Funds Review talks to a range of on- and offshore legal experts


Hedge funds are revisiting the standard terms offered to investors. They argue the clauses permitting a fund to establish gates or suspend redemptions and create side pockets should be included as a matter of course in order to protect the fund in a crisis. On the other side investors are demanding improved terms and changes in the way fees are calculated and paid. They want to see much greater operational risk management as well as transparency.

Peter Astelford, head of the financial services

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here