A variety of lessons have come out of the financial crisis. Not only will documentation for hedge funds substantially change in future, transparency will be a key issue for investors. The dangers of counterparty risk, of not performing proper due diligence and much closer attention to detail are all issues that investors will be concerned with in future.
According to Sonya Van de Graaff at Brown Rudnick in London, hedge funds have learnt to engage in active negotiation over funding documentation
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