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The tricky business, engaged in by the “consultancy” arm of a modern [[prime broker]], of putting investors and investment managers together without looking like it was anything to do with you. | {{a|pb|}}The tricky business, engaged in by the “consultancy” arm of a modern [[prime broker]], of putting investors and investment managers together without looking like it was anything to do with you. | ||
The name of the game is avoiding looking like a “[[placement agent]]” (that is, appearing to be marketing the fund's securities and thereby taking on [[prospectus liability]]) and to avoid your activity inadvertently bringing the fund in scope for local regulations on hedge funds in a potential investor’s jurisdiction, to which it would not otherwise be subject, and which might apply if it were thought to be offering its securities directly in that locale. Like {{tag|AIFMD}}, for very good example. | The name of the game is avoiding looking like a “[[placement agent]]” (that is, appearing to be marketing the fund's securities and thereby taking on [[prospectus liability]]) and to avoid your activity inadvertently bringing the fund in scope for local regulations on hedge funds in a potential investor’s jurisdiction, to which it would not otherwise be subject, and which might apply if it were thought to be offering its securities directly in that locale. Like {{tag|AIFMD}}, for very good example. | ||
{{sa}} | |||
*[[Prime broker]] | *[[Prime broker]] | ||