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

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"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