Category Archives: Uncategorized

Hedge Funds, Investors and Fees

Data released by Preqin(1) indicates that hedge fund returns have rallied strongly in 2013 and continue to improve. Event driven funds represented the most successful hedge fund strategy over Q1, returning 3.8%. Whilst even macro-funds, which underperformed in early 2013, … Continue reading

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Increased Scrutiny of SEC Broker Dealer Registration Requirements

Placement Agents and Transaction Fees Risk Triggering SEC Broker-Dealer Registration Requirements David W. Blass, chief Counsel of the Security and Exchange Commission (the “SEC”), used his speech to the American Bar Association this month to move market participants and regulators … Continue reading

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Mega-Logistics

In my, admittedly limited, experience legal advisers need to effectively manage BOTH a) the legal aspects, and b) the logistics of a fund raising, for a fund raising to be successful. I have been told that a EURO3bn fund raising … Continue reading

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The Nadir

Going forward this blog will alternate between 1) life in law, and 2) the law. Hopefully 1 will be interesting to people, and 2 will be useful lawyers. Lawyers may find both interesting and useful but they hardly count as … Continue reading

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Defaulting Investor clauses

The below looks at gearing a “Defaulting Investor” clause in a PE Side Letter in an LP’s favour i.e. in favour of the investor rather than the PE House. Note, I have not recreated copied n pasted the clause as … Continue reading

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First Week of International Funds

I finished my second seat with the rarest of events, the finishing of a matter. Yes, the last (substantive) email was sent out by myself in the last couple of hours of Friday night and last Monday I started my … Continue reading

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Fixed/Minimum Retail Price Maintenance in Vertical Distribution Networks

This title suggests that the post below would be a useful cure to insomnia. Ironically, because there is so little clear/correct guidance on this point creating this memo for my firm meant that I actually only left the office at … Continue reading

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EU From the City -The Application of s.58 of the Competition Act 1998

It has been a long time since I left Luxembourg and the EC. In that time I have moved to Guernsey and worked on the investigation of a major insurance firm by Guernsey’s market regulator (the GFSC), I have moved … Continue reading

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Quick European SoundBites

The 1st of May in Spain is “Work Day” -obviously this is also a public holiday… A Greek friend thought that the snowy streets of the UK were stalked by a strange animal after she saw tracks of small holes … Continue reading

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You’re So Welcome!

Lao-tzu told us that the longest journey starts with the first step. Terry Pratchett reminds us that the problem is that most people forget to take the second step and the trillion other steps that follow. So I suppose that … Continue reading

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