Cayman Hedge Funds, Soft Wind-Downs and Disclosure
Cayman funds would do well to consider disclosure in their offering documents relating to the use of soft wind-down procedures and, if not disclosing, to counter-balance with solid investor relations and/or the use of shareholder resolutions to support a soft wind-down plan. Tim Frawley examines what hedge funds consider necessary to facilitate liquidations vs. soft wind-downs and the benefits of disclosure in the offering documents.
Please see the attached article for further information. It was first published in February 2011 in The HedgeFund Law Report.