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Hedge fund manager advised on issues surrounding a complex team move

04 February 2010

A client, a leading hedge fund manager, instructed us to advise on a complex team move to another high-profile global fund, just as the credit crunch turmoil was starting. Our advice included how to avoid repercussions as a result of the complicated contractual restrictive covenants and sensitive issues arising in ensuring the team move was conducted lawfully without the old employer litigating against our client. Following our advice the team was able to smoothly transition to the new employer and the fund manager received an eight-figure sign-on fee.