Orrick Library Seminar: Swinging Gates – Managing Hedge Fund Liquidity

Session #2 * all sessions are identical

Seminar | August.15.2019 | 12:30pm - 2:00pm (Hong Kong Time)

Orrick Hong Kong

The start-up hedge fund market is finally showing signs of life. And just in time for the coming global market slowdown. Which means that hedge fund managers—and hedge fund investors—really need to consider the liquidity profiles of their funds in the context of avoiding liquidity traps during times of market stress. Please join Scott Peterman as he discusses ways for fund managers to create liquidity buffers, integrate investment horizons with appropriate liquidity profiles, and create more fund stability.

Highlights of the course include:

  • What is the purpose of a gate?
  • Does every fund need a gate?
  • Types of Gates: Fund Gate and Investor Gate
  • Fund Gate Design
    • Who is subject to a gate?
    • Gates should sync with redemption dates
    • Size of gate / “protective provisions”
    • Date of determination
    • Gate Usage
    • What does “pro rata” really mean?  Avoiding races to the exit
    • Should earlier gated requests have priority?
    • Clean-up provisions
    • Offsetting subscriptions
    • Integrating redemption fees with gates
    • Mandatory vs elective gates
  • Investor Gate or Staggered Redemption Design
  • Combining Gates
  • Suspension
  • Liquidating Redemption Distributions and Side Pockets
  • How can a hedge fund accommodate investments with differing investment horizons?

CPT/CLE Credit

1 CPT/CLE credit is being accredited for this seminar. No CPD point will be accredited.

To register, please follow the RSVP link above by 9 August 2019.

Seats are available on a first-come, first-served basis. Walk-ins will NOT be accepted on the day of the seminar.

For questions about the seminar, please contact Becky Wong at +852 2218 9242 or [email protected].

CLE Credits Available: Y