Hedge funds

We assist hedge funds at all stages of their life cycle. We have specialists in fund structuring, trading and tax who advise start-ups in every aspect of their operation. We know the industry, understand investment strategies and help clients in a commercial and practical way.

We assist our hedge fund clients with:

  • fund structuring, formation and operation;
  • drafting and negotiating the fund's offering documents as well as all ancillary legal documents (such as articles, investment management / advisory agreements, administration / custody agreements, prime brokerage agreements, ISDA and credit support documentation, GMRA, credit and equity derivatives);
  • FCA authorisation;
  • governance issues;
  • advice on fund marketing documentation and assistance with regulatory issues;
  • employee and partner compensation arrangements and tax planning;
  • measures to address AIFMD, MiFID, EMIR and other relevant legislation;
  • co-ordination of US tax and securities aspects, including ERISA, CFTC, Dodd-Frank and SEC registration;
  • negotiation of managed accounts and managed account platforms; and
  • advising on seeding early-stage hedge fund managers and their funds.

What people are saying


""Solid knowledge of UK law, efficient process and high quality of work products. Very good value for money.""

The UK Legal 500 2021

"They are exceptional in terms of client service, costs and being agile across the firm."

Chambers UK 2018

"Sources say: 'They provide fast responses, a commercial and practical approach, and a sound understanding of legal and contractual issues'."

Chambers UK 2018

"Macfarlanes LLP is 'very responsive and understanding of clients' needs', providing an 'excellent overall level of service from a strong team'."

The UK Legal 500 2017

"Respected investment management group with a reputation for excellence acting for sponsors and investors."

Chambers UK 2017

"The firm regularly advises hedge funds on regulatory and transactional matters."

The UK Legal 500 2015