CREATING AND MANAGING A FUND OF HEDGE FUNDS COMPANY
Establishing a fund of hedge funds management company involves
creating and managing a viable business, which as a fiduciary
must act in the best interests of each of its clients and in
compliance with the principles, rules and regulations
prevailing in the jurisdictions in which it operates.
Most start-up FoHF management companies are small, at least
at the outset, and are likely to be supported and/or advised by
a number of service providers such as administrators,
custodians, compliance consultants, systems providers, hedge
fund consultants, book-keepers, tax advisers, accountants and
MANAGING A BUSINESS
Business management involves a set of competencies and
responsibilities that are generally distinct from trading or
portfolio management. Decisions need to be made as to how the
business will be organised and managed and how the principals
will divide or delegate their responsibilities.
On the assumption that the business...