Our Practice

Fund of Funds


Sidley has one of the premier Hedge Fund practices in the world.  Institutional Investor’s Alpha Magazine ranked Sidley as the number one onshore U.S. hedge fund law firm in 2006 and 2007, and number two overall in 2008 in the Alpha Awards™ for hedge fund legal service providers, based on a polling of nearly 1,000 hedge fund firms which manage more than $1.5 trillion.  In the 2008 survey, Sidley ranked number one among the Hedge Fund 100 Favorites, Alpha’s ranking of the 100 largest single-manager hedge funds, measured by assets under management.  Sidley also placed first in three of the five sub-categories of the survey, including Business Planning & Corporate Finance, Hedge Fund Expertise and Regulatory & Compliance.

We have organized and provide ongoing representation to hundreds of funds of funds and their managers. Our funds of funds clients range from those who are involved with broad-based, multi-strategy and multi-manager funds to funds with more focused funds tailored to specific strategies with a smaller numbers of managers.

We provide a full range of legal services to our funds of funds clients, including advice on legal structure and other formation issues, securities and derivatives regulatory matters, business term alternatives, marketing arrangements, trading documentation, exchange listing, internet usage and tax and ERISA matters. We also advise with respect to credit facilities and derivatives and exchange traded overlay programs (such as portable alpha programs) and other structures.

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