The end of the year tends to be a busy time for hedge fund attorneys as many managers are deciding to prepare hedge funds for launch on January 1. As we’ve noted in previous articles it can take 6-8 weeks to get a hedge fund launched depending on the investment program. Accordingly, this is a reminder to all potential hedge fund managers that it is time to start discussing your hedge fund launch with an attorney if you want to have the fund ready for January 1.
Some of the issues that will need to be discussed and planned include:
- Whether you need to be registered as an investment advisor
- Types of investors for your hedge fund
- Hedge Fund Offering Documents
- Relationships with service providers including administrators, auditors and prime brokers