We've put up a detailed publication dealing with side pockets under Maltese legislation on our website www.ccmalta.com. The material should be of interest to any Malta fund manager looking to use side pockets, as well as to anyone who is interested in learning more about the flexibility which Maltese hedge funds can afford.
In essence, side pockets are a mechanism which allows for the segregation of problematic assets e.g. assets which cannot be valued in an accurate manner. A side pocket involves the transfer of problematic assets to a new class of shares within the fund, i.e. a side pocket, and are thus separated from the main pool of assets.
You can find a lot more about the topic on our website
Financial Services Lawyer, Malta
Chetcuti Cauchi Advocates, Malta Law Firm
Malta financial services blog hosting posts on using Malta as a financial services centre for the hedge funds, investment services, insurance and banking and finance industries. Malta serves as a European domicile of choice for the set up of regulated companies in the European Union and has earnt a high place in the ranking of reputable international financial centres.
Tuesday, 2 October 2012
Side Pockets in Malta Hedge Funds
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