This area covers the day‑to‑day legal work around running and investing in alternative and hedge funds, including structure, governance and investor relations. A solicitor helps draft and review fund offering documents, subscription agreements, investment management agreements, side letters, and feeder/master‑feeder arrangements, and advises on regulatory compliance under UK and EU frameworks such as the Financial Conduct Authority, AIFMD and UCITS. They also handle issues like risk disclosures, governance arrangements, disclosures to investors, and the transfer and pooling of assets across platforms.
What a solicitor handles in these matters
The work involves selecting appropriate fund structures (limited partnerships, offshore and onshore vehicles), drafting and negotiating key documents (private placement memoranda, subscription agreements, and side letters), and managing complex compliance obligations (AIFMD, KYC/AML, conflicts of interest, and regulatory reporting). It also covers governance mechanics, feeder and master‑feeder arrangements, and ongoing investor communications to protect the fund and its managers from liability.
