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Cayman Islands Grand Court has ruled in the FIA Leveraged Fund it was unreasonable for the fund to pay outstanding shareholders’ redemptions in kind and has forced the fund to be wound up.

Hedge funds saddled with…

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Recent Article

The hedge fund administration arm of Swiss bank giant UBS is launching its first U.S. location.

UBS Fund Services will open its New York office in July due to its hedge fund manager clients wanting the firm to…

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Recent Article

A recent decision of the Grand Court of the Cayman Islands (the Court) in the case of FIA Leveraged Fund has laid down, for the first time, the principles applicable to an in specie (or in kind) distribution…

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Hedge funds significantly outperformed traditional asset classes such as equities, bonds and commodities during the last 17 years, according to a new study by The Centre for Hedge Fund Research at Imperial College in London. The research,…

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Earlier this month, Chief Justice Smellie made a historic ruling in the Cayman Islands Grand Court by which he ordered the winding up of a hedge fund so that its major investors – three United States pension…

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New regulations and investor demands have put financial pressure on many new and smaller funds, which in turn squeeze the fees of service providers, delegates at the GAIM Ops conference on hedge fund due diligence heard last…

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Recent changes to the Alternative Industry Fund Management Directive (AIFMD) announced a few weeks ago are causing headaches for the hedge fund industry, not least of which is the change of the basic form of the directive to a regulation,…

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A judge's ruling in the battle between three Louisiana pension funds and New York hedge-fund firm Fletcher Asset Management shows the difficulties the funds may face in recovering their investments.

After the three pension funds sued to recover investments in…

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