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October 11, 2008

Comments

D. McDonald

I am trying to understand this concept. Previously, the LP and LTD allocated assets to the master fund which was structured as a LTD based in the Caymans/Bermuda. The assets were then held at the master fund level. However, the board was not at the master fund level but at the feeder fund level. So how is this new mini-master (intermediate) fund different in terms of corporate governance? It appears that no assets are held at the feeder levels other than when subscriptions are received. But at the prime brokers assets are in the name of the master fund.

Skye @ operational restructuring

"...To rapidly change the standard corporate form of potentially thousands of hedge funds, purely for personal tax reasons and without any consideration of investor preferences, could not give us a better analogy of the "finance culture"."

This is all true that things won't be that easy. Sometimes also the differences of opinions may lead it unresolved.

hotel a paris

I am trying to understand this concept. Previously, the LP and LTD allocated assets to the master fund which was structured as a LTD based in the Caymans/Bermuda. The assets were then held at the master fund level. However, the board was not at the master fund level but at the feeder fund level. So how is this new mini-master (intermediate) fund different in terms of corporate governance? It appears that no assets are held at the feeder levels other than when subscriptions are received. But at the prime brokers assets are in the name of the master fund.
+1

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