When Hedge Funds Break: Anticipating the Distress of Vulnerable Funds for Defense or Profit

9/14/2006

Acquisition Finance, Banking + Financial Services, Borrower Representation, Financial Institutions + Financial Services, Financial Transactions, and Receivables Finance + Vendor Finance

San Francisco, CA

Seminar

Please join us to discuss the future of vulnerable hedge funds. Some of the more than 9000 hedge funds are at risk of distress, and more than two-thirds of these reportedly are registered in the Cayman Islands. Since the industry has assets in excess of $1.2 trillion, distress in any part of this business will have important impacts.

The causes of distress vary and may include specific performance disappointments, general market losses, legal challenges or adverse market perceptions. Learn how to anticipate these distress situations in order to arrange defenses or identify asset purchase opportunities.

Topics will include:

  • New insolvency strategies and practices, including those related to distressed funds’ use of Cayman Islands or other foreign insolvency proceedings, combined with U.S. Chapter 15 filings
  • Foreseeable interactions with portfolio companies holding distressed funds
  • Defensive strategies for U.S. investors and creditors
  • Identifying and realizing on asset purchase opportunities

Who should attend :

  • Fund investors, especially funds of funds
  • Potential purchasers of distressed hedge funds’ portfolios
  • Others with exposure to risks in hedge funds

This invitation is transferable and open to colleagues and guests. There is no charge to attend this seminar. Morrison & Foerster LLP (provider # 2183) certifies that this activity has been approved for MCLE credit by the State Bar of California in the amount of 2.5 hours.

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