Umbrella structures warning

Fund managers considering setting up a range of single strategy hedge funds should think hard before using umbrella structures if they want different boards of directors for the different sub-funds' strategies, according to Iain Cullen from London lawyers Simmons & Simmons.

Cullen said the classic form of umbrella structures was an offshore fund, with sub-funds beneath each with a trading subsidiary and a UK investment manager below that subsidiary. To avoid contagion risk in leveraged hedge

To continue reading...

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: