Guide to Liquid Alternative Funds

The Guide, published in October 2015, is designed for hedge fund managers that are considering adding a UCITS or a mutual fund registered under the Investment Company Act of 1940 (a ‘Liquid Alternative Fund’) to their product offering and provides an overview of the range of issues that a hedge fund manager is likely to face in setting up a Liquid Alternative Fund. The Guide brings together the experience of practitioners from a wide range of fields in the alternative investment industry, and is meant to emphasise the practical considerations that are most relevant for a hedge fund manager’s decision-making process. The Guide takes into account the latest major regulatory and tax developments, and addresses some of the different jurisdictional requirements and practices affecting funds established in Ireland, Luxembourg and the United States, which are the most common jurisdictions for Liquid Alternative Fund structures.