Favourable exit for Hedge Fund Partner
08 February 2010
We acted for a partner in a US Hedge Fund Partnership in a dispute with the LLP over our client's future at the fund. In the event that departure was inevitable, we negotiated an exit for our client that included a complex unwinding of our client's unrealised interests in the business. These included generous entitlements to a bonus, carried interest share, and a share of a “phantom interest” (to account for future bonuses) amounting to a significant value.