Mid-Atlantic Appeal: Fine-Tuning Jersey LLCs for US Alternative Investment Funds

Jersey's new LLC structure is mainly aimed at the US market, particularly for alternative investment and hedge funds, and its introduction by the Jersey Government is part of a deliberate US-focussed strategy intended to position Jersey as a suitable entrepôt for American investment into European assets, building on the nearly £200 billion of US assets already administered in Jersey.

Recent amendments to the LLC law ahead of the expected start date for their registration from the beginning of December have had the effect of fine-tuning the legislation for the US market, with particular relevance in terms of fiduciary duties of managers.

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Jonathan HeaneyManaging PartnerT +44 (0)1534 700 786jonathan.heaney@walkersglobal.com
Christopher ReedGroup Partner*T +44 (0) 1534 700 825christopher.reed@walkersglobal.com
Leanne WallserGroup Partner*T +44 (0) 1534 700 755Leanne.Wallser@walkersglobal.com
Tom FothergillSenior AssociateT +44 (0) 1534 700 724tom.fothergill@walkersglobal.com