As the downturn in investment markets dominates attention in the hedge fund industry, the demand for expert and creative solutions to deal with distressed situations has never been higher. To that end, Walkers, the international offshore law firm of choice, is hosting a special seminar in New York to examine these current issues for hedge funds with key clients and invited guests.
'Fighting the Tape' will be a unique discussion on protecting and growing a hedge fund business in these volatile markets. The sessions will deal with such issues as suspension of redemption requests from investors, the imposition of gates, creation of side pockets for underperforming or difficult to value assets and prime brokerage problems. In addition to looking at the various solutions funds can adopt to solve some of the problems they are facing, considerable attention will also be devoted to the new opportunities presented by the shift in sentiment and how funds can capitalise on them now to their best advantage.
As part of the 'Walkers Fundamentals' series, this will be a truly enlightening event, thanks to the calibre of guest speakers lined up to make special contributions. Renowned hedge fund manager George Hall, the Founder and President of the Clinton Group Inc., who has successfully navigated previous financial storms, will share his experiences and his personal views on the outcome of the Presidential Election on the direction of the hedge funds industry. Yolanda McCoy, Head of the Investments and Securities Division of the Cayman Islands Monetary Authority (CIMA) will set out the Cayman regulator's perspective and Jeffrey Rosensweig, Associate Professor of Finance at Emory University will examine the global economy, market trends, changing demographics and global opportunities for investors and investment managers.
"With the excellent panel of speakers that we have assembled, this will be a unique educational event and not just another hedge fund seminar," said Mark Lewis, senior investment funds partner at Walkers. "The issues up for discussion are extremely topical and reflect the areas that many of our clients have been looking for our guidance on during the recent market events. There are a number of options available to funds facing illiquidity and large scale redemption requests, which can allow them to continue to operate and avoid formal liquidation, so we anticipate a lively exchange of views."
The variety of techniques that funds can employ to manage distressed situations will be explained by Walkers' partners throughout the afternoon, along with a session devoted to issues regarding insolvency and the responsibilities of hedge fund directors. Also making a presentation will be Daniel Strachman, hedge fund consultant and author of 'The Long and Short of Hedge Fund Investing'.
'Fighting the Tape' will take place at the Sheraton New York Hotel & Towers on Thursday November 6th and will be followed by a cocktail reception. The 'Walkers Fundamentals' series of 'Thought Leadership' events will be developed further over the coming months. A limited number of spaces remain. Those interested in attending should contact Walkers' Marketing Team at ' This e-mail address is being protected from spambots. You need JavaScript enabled to view it '.