Hedge Funds And The Definition Challenge - Part 2

Introduction

This article was published originally in the Commercial Law Practitioner and it is the copyright of Thomson Round Hall

Part 1 of this two-part series addressed the history of hedge funds and how they have evolved over time due to significant economic events. Based on these developments, existing explanations of the term "hedge fund" from a select number of international jurisdictions were assessed to determine how adequately regulators and legislators have captured the essence of what hedge funds are in the wake of significant economic events. Key principles were drawn from this analysis which will be applied to a prospective definition of the term "hedge fund" in this concluding series.