Land of opportunity

Despite difficulties in the global financial markets in the second half of last year, total assets under administration in the hedge fund industry continued to grow strongly, and such a robust and defiant display surely bodes well for the continued development of the sector during 2008. To this end, this HFM How to Start a Hedge Fund in the US 2008 Report draws upon the experience and expertise of senior industry professionals and key service providers to guide you towards achieving the ultimate goal of establishing a hedge fund which thrives in the US space.

Michael G Tannenbaum of Tannenbaum Helpern Syracuse & Hirschtritt opens the report with a concise and detailed exploration of the legal terrain those aiming to establish a hedge fund to access US capital will inevitably need to negotiate. Having advised hundreds of private funds and advisers on matters of US law and regulation for more than 30 years, his contribution makes essential reading for anyone looking to set up a hedge fund in the US.

An administrator’s perspective is supplied by Tony Stocks of Tennyson Fund Solutions, interviewed on the eve of the launch of their US operation aimed at servicing funds managing between US$200m and US$500m. Renowned throughout the hedge fund world for his role in setting Citco on the road to becoming the world’s largest hedge fund administrator, Stocks brings the benefit of his considerable expertise and experience to the 2008 report.

Robert Kaufman of Kaufman, Rossin & Co considers the new auditing standards recently issued by the American Institute of Certified Public Accountants (AICPA). He usefully outlines the positive aspects of these new measures for hedge fund managers, such as helping them to meet the demands of new investors performing due diligence and protecting their fund, and themselves, from risk.

Finally, Greg Wojciechowski documents the continued success and development of the Bermuda Stock Exchange and outlines the ever-expanding opportunities it
affords international investors and hedge funds.

The strong growth and development of the hedge fund industry looks set to continue apace during 2008, and this report aims to show you how to establish a successful hedge fund in what remains one of its key loci of opportunity.

Stephen Carter
Report editor

IN This Issue:

04 Through the looking glass
Michael G Tannenbaum discusses the wide range of issues involved in setting up a hedge fund and accessing us capital

12 A different approach
Tony Stocks of Tennyson Fund Solutions outlines their strategy for targeting a currently underserved sector of the us hedge fund market

14 Total control
Robert Kaufman of Kaufman, Rossin & Co explores the positives of new auditing standards for hedge fund managers

17 Going forward
Greg Wojciechowski explains the advantages afforded to international investors by the flourishing Bermuda stock
exchange

Download How to Start a Hedge Fund in the US 2008

PDF format, 5.2MB, 20 Pages.

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HFM Week and hfmweek.com are produced exclusively for the international hedge fund community. Hedge Fund Manager was launched in September 2002, and is now published weekly. It is now read by over 5,500 alternative fund managers - predominantly CFO’s and managing partners - and their key advisors across the globe.

Cutting-edge features and news analysis cover all aspects of operating a successful hedge fund, including searches, prime brokerage, fund administration, risk management, front-to-back-end technology and legal and regulatory issues.

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