Investment Funds

As fund managers and investors come to terms with this unprecedented level of reform for our industry, it will be imperative for us all to understand the changes and how they affect cross-jurisdictional activity across the whole investment funds market. The objective of this new book is to create a single starting point of reference for clients and advisers involved in the investment funds market, covering closed-ended private funds, hedge fund and retail funds.The 2nd Edition ofInvestment Funds is an invaluable tool for anyone working in this area and includes:Coverage of the full spectrum of investment funds, from alternative strategies to traditional retail-market fundsStrong international focus, describing the common structures that are used for investment funds in each of the different jurisdictionsExplaination ofthe tax and regulatory framework that exists for investment funds, in particular the consequences of new rules that have an extra-territorial application to the industry such as the Alternative Investment Fund Managers Directive in EuropeA comparison of the usual commercial terms that are in place for different investment fund structuresMarketing requirements for investment funds in all the major jurisdictionsInsight to stay ahead of the game by providing an overview of expected developments that will affect the industryCONTENTS1.Market Overview2.Private Funds3.Hedge Funds4.Retail Funds5.Proposed Changes and DevelopmentsCONTRIBUTOR INFORMATIONPreface Sam Kay Travers Smith LLPIntroduction Mark O’Hare, Founder and CEO of Preqin LtdForeword Margaret Chamberlain, Chair of the BVCA Regulatory CommitteeOverview Dörte Höppner, ECVAAustralia Stephen Etkind, Andrew Yik, Henry Wong & Karen Payne Minter Ellison LawyersBrazil Alexei Bonamin, Ana Cláudia Akie Utumi & João Busin TozziniFreire AdvogadosBritish Virgin Islands Tim Clipstone & Sophie Whitcombe Maples and CalderCayman Islands Paul Govier & Sophie Whitcombe Maples and CalderDenmark Claus Bennetsen Horten AdvokatpartnerselskabFinland Marcus Möller, Antti Lehtimaja, Mirja Sikander & Pyry Somervuori KrogerusGermany Uwe Bärenz & Dr Jens Steinmüller P+P Pöllath + Partners Gibraltar Melo Triay, Robert Vasquez, Jay J. Gomez & Javier E. Triay Triay & TriayGuernsey Gavin Farrell, James Haughton, Oliver Godwin & Mandy Andrade Mourant OzannesHong Kong Susan Gordon & Mary Nieto DeaconsIceland Johann Magnus Johannsson & Gudmundur J Oddsson LOGOS Legal ServicesIreland Nollaig Greene, Elaine Keane, Darragh Noone & Peter Maher A&L Goodbody SolicitorsItaly Paolo Iemma & Stefano Grilli Gianni, Origoni, Grippo, Cappelli & PartnersJapan Kazuhiro Yoshii, Ko Hanamizu, Anri Suzuki & Mariko Takashima Anderson Mori & TomotsuneJersey Niamh Lalor & Tim Morgan OgierKorea Eui Jong Chung, Tongeun Kim, Dongwook Kang & David Ahn Bae Kim & Lee LLCMalta John Paul Zammit & Danièle Cop Mamo TCV AdvocatesLuxembourg Jacques Elvinger & Xavier Le Sourne Elvinger, Hoss & PrussenMauritius Iqbal Rajahbalee, Shan Sonnagee & Bhavna Ramsurun BLC ChambersThe Netherlands Oscar van Angeren, Harm-Paul Plas & Sylvia Dikmans Houthoff BurumaNew Zealand Alasdair McBeth DLA Phillips FoxPortugal Diogo Coutinho de Gouveia, Filipe Santos Barata & Ana Paula Basílio Gómez-Acebo & PomboSingapore Bill Jamieson, Amit Dhume & Manisha Rai Colin Ng & Partners LLPSouth Africa David Anderson, Francisco Khoza, Mogola Makola & Kirsten Kern Bowman GilfillanSpain Fernando de las Cuevas, Valentina Rodríguez & Remedios García Gómez-Acebo & PomboSweden Niclas Rockborn & Olle Asplund Gernandt & Danielsson Switzerland Dr. Jasmin Ghandchi Schmid, LL.M. Ghandchi Schmid Partners Ltd. United Kingdom Sam Kay, Emily Clark & Phil Bartram Travers Smith LLPUnited States of America Jay Milkes, Sarah Davidoff & Michael Doherty Ropes & Gray LLPEDITORS & EDITORIAL BOARDGeneral Editor:Samuel Kay trained at Travers Smith and became a partner in 28 (after a short interlude to pursue a dream of climbing Mount Everest – summiting on 2 May 27). Sam heads up the Investment Funds Group and specialises in fund formation work for a wide range of private funds.He also works on secondaries transactions, carried interest arrangements and co-investment schemes, advising institutional investors on their participation in funds and internal restructurings such as LLP conversions, succession planning or management spin-outs. Sam is recognised for Investment Funds work by Chambers and Partners, Legal 5 and Who´s Who Legal for Private Funds.The Firm:Travers Smith LLP is a corporate law firm headquartered in London, United Kingdom, and a member of the Silver Circle of leading UK law firms. It has around 22 lawyers, including 6 partners, and operates in 14 specialist practice areas. It was voted UK Law Firm of the Year in 27, 28 and 212.CONTACT USInterested in contributing?If you are interested in contributing to one of our cross-jurisdictional titles please contact Emily Kyriacou - emily.kyriacou@thomsonreuters.com -specifying your law firm, country and practice area specialisation.