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Capabilities

Hedge Funds

Overview

The Financial Services group at Sadis provides legal advice to both domestic and offshore private investment funds in the alternative investment space.

We provide counsel on the structure and formation of new funds, as well as the reorganization and restructuring of existing funds. We structure and service a wide variety of funds, such as long/short equity funds, global macro funds, emerging market funds, risk arbitrage funds, convertible arbitrage funds, high-yield bond funds, distressed debt funds, bank debt funds, sector-specific funds (e.g. technology, Internet, health care, biotechnology), collectible funds (e.g., car, art, watch), crypto-currency funds, cannabis funds, fund of funds, multi-manager funds and fund platforms. We provide customized drafting of confidential private placement memoranda, limited partnership agreements, operating agreements, subscription documents, and other related fund documents. We also draft and negotiate agreements documenting the relationship with fund managers, principals and employees, subadvisors, consultants, and fund counterparties.

Sadis currently represents hundreds of private investment funds with managers throughout the world. Our client base is comprised of clients of all sizes, backgrounds, and investment sectors and our client base represents a significant percentage of the private fund industry’s market share, providing the firm with a unique awareness of current market behaviors, favored commercial terms, and other industry trends. This distinctive access to current market information allows our team to advise our clients with both experienced legal counsel and timely business intelligence. By virtue of representing several hundred alternative investment vehicles with investment managers domiciled throughout the world, our market share gives us a differentiating perspective on the global investment funds industry.

Additionally, as a result of our global footprint, we enjoy very strong relationships with leading legal counsel and other professionals in international centers for onshore and offshore finance, such as the Cayman Islands, Bermuda, the British Virgin Islands, Luxembourg, Ireland, Switzerland, Malta, Jersey, Guernsey, Mauritius, Hong Kong, and the United Kingdom. In addition, we maintain a specialized cross-border funds practice targeting non-US managers seeking to offer securities and launch products in the United States, including clients in Ireland, the UK, the Netherlands, Canada, China, Singapore, France, Luxembourg, Germany, and Switzerland. 

 

 

Hedge Fund FAQs

 

What types of hedge funds do Sadis represent?

Sadis represents a wide variety of hedge fund structures, including long/short equity funds, global macro funds, emerging market funds, risk arbitrage funds, convertible arbitrage funds, debt funds (high-yield bond, municipal bonds, distressed debt, and bank debt), insurance dedicated funds, sector-specific funds (technology, healthcare, biotechnology), predictable market funds, collectible funds (cars, watches and art), crypto-currency funds, cannabis funds, fund of funds, multi-manager funds, and fund platforms.

 

Does Sadis advise on both domestic and offshore hedge funds?

Yes. Sadis provides legal advice to both domestic and offshore private investment funds. The firm has global relationships with leading law firms in key offshore jurisdictions, allowing it to advise on fund structures in the Cayman Islands, Bermuda, British Virgin Islands, Ireland, Luxembourg, Mauritius, Jersey, Guernsey and other financial centers.

 

What hedge fund formation documents does Sadis prepare?

Sadis provides customized drafting of confidential private placement memoranda (PPMs), limited partnership agreements, operating agreements, subscription documents, and other fund formation documents. The firm also drafts and negotiates agreements on behalf of or with private fund managers, principals, employees, sub-advisors, consultants, and fund counterparties such as operating agreements, partnership agreements, employment agreements, third party administration agreements, prime brokerage agreements, ISDAs, seed agreements and side letters.

 

How does Sadis's hedge fund market share benefit its clients?

Sadis represents hundreds of private investment funds with managers throughout the world. This significant market share gives the firm a real-time awareness of current market behaviors, favored commercial terms, and industry trends, allowing attorneys to advise clients with both experienced legal counsel and current business intelligence.

 

Can Sadis represent hedge fund managers facing divorce proceedings in New York?

Yes. Sadis has attorneys experienced in representing high-net-worth individuals, including hedge fund managers, in complex divorce and matrimonial matters in New York. These cases often involve the valuation of fund interests, carried interest, and other sophisticated financial assets.

 

Does Sadis handle hedge fund disputes?

Yes. Sadis advises on disputes involving hedge fund investors, partners, and counterparties, including matters related to fund governance, redemption disputes, side letter enforcement, litigation arising from fund operations as well as regulatory defense.

 

Practice contacts

Ron  S. Geffner's headshot
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Yelena Maltser's headshot
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Yehuda Braunstein's headshot
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Robert Cromwell's headshot
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Erika L. Winkler's headshot
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