Asset Management & Investment funds
Our team includes experts in fund formation, financial services regulation, trading documentation (including prime brokerage and derivatives documentation), litigation, taxation, corporate law and employment regulation. Our in depth understanding has seen us recognised by both legal directories and the industry as a whole as one of the leading firms in the sector. As such we advise a wide variety of hedge funds, private equity funds, sovereign wealth funds, real estate and infrastructure funds and institutional managers.
BlueCrest is one of Europe’s most respected hedge fund managers. Since it was founded in 2000, we have worked with BlueCrest in a range of areas, from funds, corporate and tax, to employment and IP matters.
Recently we acted for BlueCrest on the cutting-edge spin out of its systematic trading business to a separate business, Systematica - with BlueCrest retaining an ownership and economic interest. There were two aspects to this transaction: the disposal; and the negotiation and documentation of the on-going relationship between the parties.
It was clear this transaction required in depth knowledge of BlueCrest's business and the asset management sector. A number of different Simmons & Simmons teams, including corporate, funds, regulatory, IP, tax and employment, were involved advising on different aspects of the transaction. We also provided support to Systematica and its counsel to ensure a seamless transaction process.
With over US$27 billion of assets under management, BlueCrest is Europe’s second largest hedge fund manager. Since it was founded in 2000, we have worked with BlueCrest in a range of areas, from funds, corporate and tax, to employment and IP matters.
When BlueCrest started the complex acquisition of Man Group’s 25.5% stake in the BlueCrest group for US$633 million, we were asked to advise them. At the same time, they also wanted to buy the remaining interests in the group owned by retired co-founder Bill Reeves. It was clear that these two acquisitions required in-depth knowledge of BlueCrest’s business.
A number of different Simmons & Simmons teams were involved in the deals, advising on corporate aspects of the acquisitions, loan and security arrangements, tax and structuring and loan notes. We also worked closely with other BlueCrest advisers to make sure the acquisitions went through smoothly.