To help Cayman hedge funds navigate the myriad of issues brought on by recent events, this advisory offers a high-order checklist for fund directors and investment managers to consider.
This checklist is arranged under three main topics:
(i) operational issues;
(ii) issues around liquidity and possible termination; and
(iii) communication and reporting considerations.
Each of these topics is considered in turn in relation to a typical stand-alone corporate open-ended Cayman fund. That noted, most of the following checks can be applied, with modifications, to other open-ended structures, using a variety of Cayman vehicles.
Our full briefing and checklist can be reviewed here.