Walkers (London) acted as Cayman Islands counsel to Haven Cove Capital Management in connection with the migration of their flagship fund, Haven Cove Absolute Return Fund , to the Cayman Islands.
The move was designed to help facilitate access to key investor markets.
Haven Cove originally launched in January 2018 as a self-managed Malta AIF that was delegating portfolio management via a UK MiFID investment manager platform, but Haven Cove now operates as a full scope UK AIFM, which takes on both portfolio and risk management functions and has top up MIFID permissions allowing it to manage third party accounts.
The fund specialises in two Systematic Strategies; European Liquid Credit which targets persistent structural dislocations in the credit derivative (CDS) space, and European Liquid Equity, a set of strategies designed to generate uncorrelated & additive returns to the Systematic Credit Strategy.
The Walkers (London) team was led by partner Matt Bloomfield (Picture) with assistance from senior associate, Craig McDermaid.
Law Firms: Walkers Global;
Clients: Haven Cove Capital Management;