InstructorTerri Hays
TypeOnline Course
Price$400
Buy NowBook Now

Tuition Options

myUniversity™

PracticeEdge Elite™

Standard Tuition $400 US

Senior Fellow Ingrid Pierce, LLB, Managing Partner, Walkers

This Session will consider emerging issues and concerns arising in the area of liquidity and what happens when a fund is unable to satisfy timely redemption requests. It will also cover techniques used by funds and their investment managers to manage liquidity during the life of the fund.  This includes early decisions to set the frequency of redemptions, the notice period required in advance of a redemption date as well as the ability to restrict redemptions for a particular period (a lock-up) and/or impose different types of gates to better manage the fund’s liquidity. The Session will also cover the options available in the event that the fund decides or is required to wind down and return capital to investors, payment of redemption proceeds in-kind and other issues arising for both managers and investors to ensure a smooth wind down and eventual liquidation of the fund.

Contact Advisor

LEARNING OBJECTIVES

FACULTY

CREDIT INFO

ACCREDITATION

 

Students will master the following topics.

  • Redemption Frequency and Notice Period Waiver strategies and effects.
  • How Lock Ups and Gates are utilized to manage liquidity.
  • The intricacies of using Payments In-Kind.
  • Procedures and communications involved to successfully complete a Wind Down of a Fund
  • Practical post “liquidation” planning and issues.
  • Review of deregistration and termination procedures

 

 

 

Contact Advisor

Senior Fellow from Practice:

  • Ingrid Pierce, LLB, Managing Partner, Walkers

Guest Lecturers:

  • Steven Felsenthal, JD, LLM, GC, CCO & Principal, Millburn Ridgefield
  • Michael Neus, JD, Managing Partner & GC, Perry Capital (Former)
  • James Melen, LLB, Partner, Walkers

 

Contact Advisor

Accreditation Information

CLE Information

Credit Hours: 4
Subject Area: Professional Practice
States: Contact Curriculum Advisor For More Information

CPE Information

Credit Hours: 0
Subject Area: Accounting
States: Contact Curriculum Advisor For More Information

 

Course ID Number:  8202

 

Contact Advisor

Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits.

Arizona: Does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. RCA programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45.

Iowa: The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts.

Missouri: On-demand web programs are restricted to six hours of self-study credit per year. Self-study may not be used to satisfy the ethics requirements. Self-study can not be used for carryover credit.

New Hamphsire: The approval is for three years from recorded date.

New Mexico: On-Demand web programs are restricted to 4.0 self-study credits per year.

New York: Newly admitted attorneys may not take non-traditional course formats such as on-demand Web Programs or live Webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.

North Carolina: A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs.

Ohio: To confirm that the web program has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us. Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.

Oklahoma: Up to 6 credits may be earned each year through computer-based or technology-based legal education programs.

Pennsylvania: PA attorneys may only receive a maximum of four (4) hours of distance learning credit per compliance period. All distance learning programs must be a minimum of 1 full hour.

Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component.

Tennessee: The approval is for the calendar year in which the live program was presented.

Virginia: All distance learning courses are to be done in an educational setting, free from distractions.

Wisconsin: Ethics credit is not allowed. The ethics portion of the program will be approved for general credit. There is a 10 credit limit for on-demand web programs during every 2-year reporting period. Does not approve of Audio-only On-Demand Webcasts.

Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs.

If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.

If applicable, the RCA will apply for credit in your state upon request.