Derivative claims enable fund investors to sue the fund’s manager. For limited companies, the scope of such claims is commonly understood. However, there is a big difference between what is allowed in limited partnership derivative claims in England and Wales and what is permitted in the Cayman Islands.
A recent court decision, the first English case to deal with such a claim, clearly highlights these differences and is something both investors and hedge fund managers should keep in mind.
A key fe
The week on Risk.net, December 9–15 2017Receive this by email