For a manager launching a US registered alternative mutual fund, structure is key. Opting for an open-end or closed-end fund and deciding on the trust for the fund have major implications for how it can invest, who can invest in it and how it fits with the manager’s other offerings.

Over the past several years, Hedge Funds have been taking time to re-examine their business models with the goal of reducing their cost structures. Business process re-engineering can be an effective technique to achieve this.

This year will see implementation of the most meaningful component of the US Foreign Account Tax Compliance Act, or FATCA as it is better known.

Recent scandals, such as BP’s Deepwater Horizon oil spill in the Gulf of Mexico, clearly demonstrate that entities which operate across multiple jurisdictions and business areas must ensure that their subsidiaries in these regions are adequately governed.