The hedge fund group at Debevoise is an integral part of our Investment Management Practice.

We represent sponsors of numerous hedge funds active in a wide range of different strategies, including distressed debt, equity long-short, global macro and multi-strategy, fixed income, emerging markets and various arbitrage strategies.  Because Debevoise is a large international law firm with approximately 700 lawyers practicing in major financial centers, our hedge fund lawyers are able to provide the specialized capabilities of a boutique practice while drawing upon the experience and resources of lawyers in our regulatory, fund formation, tax, employee benefits, structured products and finance groups to assist in solving complex, and often international, issues surrounding hedge fund work.

Our derivatives and structured finance group also has lawyers with hedge fund experience who structure and negotiate trading agreements (ISDA and other master agreements) and complex fund-linked products for various funds of funds and financial institutions.  Such products include fund-linked insurance products (COLIs and BOLIs), principal-protected products and other leveraged products (principal-protected notes, call options, leveraged certificates, repurchase agreements and forward sale agreements).

Our hedge fund clients have used a variety of domestic and offshore structures, including: 

• Single stand-alone vehicles 
• Master-feeder vehicles 
• Parallel and feeder vehicles for friends, families and employees 
• Funds of hedge funds with strategy specific parallel vehicles or share classes 
• Registered funds of hedge funds 
• Complex hybrid hedge-private equity funds 
• Joint venture arrangements between fund sponsors in connection with hedge funds and fund of hedge fund offerings