概要

This is Module 11 of the Henley Executive Hedge Fund Program (HEHFP), which addresses legal frameworks and issues. It covers common fund structures and jurisdictions, restrictions, the importance of robust documentation of the fund structure and its relationships, licensing requirements and other regulatory obligations. It also includes samples of common legal documents.

This module is a 4-hour (approx. study time) course and is eligible for 2.5 SFC CPT/PWMA OPT hours.

Check out the other modules in the Program:

• Module 1: Overview of the Hedge Funds Industry
• Module 2: Structuring & Setup
• Module 3: Capital Raising & Investor Relations
• Module 4: Portfolio Management
• Module 5: Portfolio Risk Management
• Module 6: Markets and Trading
• Module 7: Prime Brokerage Services
• Module 8: Business Management & Fund Administration
• Module 9: Operations and Technology
• Module 10: Operational Risk Management & Operational Due Diligence
• Module 12: Ethics (2023)
• Module 13: Compliance
• Module 14: Fund Governance
• Module 15: Tax, Audit & Accounting
• Module 16: Human Resources
• Module 17: Pitchbook Formation

宗旨

By the end of this module, you will be able to:
- List the key considerations of Fund Structures
- Describe Cayman Island Legal Framework and common Fund Structures
- State the key steps in preparing fund documentation
- Recognise regulatory compliance issues when operating Funds

內容

Part 1 - Pre-reading materials
(i) The Three Little Pigs
(ii) Offshore Fund AIMA Briefing Note 2016
(iii) Side Letters by Seward & Kissel
(iv) SFC's Enforcement News
(v) Sample legal documents

Part 2 - Presentation Slides of the eCourse

Part 3 - Legal Onshore and Offshore eCourse*
(i) Introduction
(ii) Section 1 - Legal Aspects of Fund Structuring
(iii) Section 2 - Offshore Jurisdictions & The Cayman Islands Framework
(iv) Section 3 - Fund Documentation
(v) Section 4 - Practical Steps to Launching a Fund
(vi) Section 5 - Common Issues in the Life of a Fund
(vii) Section 6 - Regulatory Obligations
(viii) Concluding Remarks

Part 4 - Quiz*
The quiz consists of 15 questions where learners have 3 attempts to achieve at least 80% with correct answers as a pass.

Part 5 - Post-reading materials
(i) Withdrawal of Fifteen Investor Exemption - Jan 2020
(ii) Hedge Fund Law Report
(iii) Reverse Solicitation and Pre-Marketing

* mandatory parts to complete

對象

(1) Hedge Fund professionals seeking to enhance their knowledge
(2) Individuals looking to start a Hedge Fund
(3) Service providers e.g., Banking, Risk, Compliance and IT professionals, Lawyers, Fund Administrators