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Appleby and DLA act on Bermuda funds deal
Offshore firm Appleby has acted as Bermuda counsel for eStats Funds Management Pty Limited (eStats) in relation to its establishment of a new Master-Feeder fund structure domiciled in Bermuda.…
Lawyers Weekly
Offshore firm Appleby has acted as Bermuda counsel for eStats Funds Management Pty Limited (eStats) in relation to its establishment of a new Master-Feeder fund structure domiciled in Bermuda.
Australian counsel was DLA Philips Fox Sydney, led by Martin Jamieson.
The funds will utilise their own purpose-built proprietary models that seek profit potential in the micro-structure dynamics of certain international electronic financial and commodity markets and liquidity pools and targets. The funds' ultra-high frequency trading techniques are targeted to produce an investment return of 30 per cent per annum.
The innovative structure and domicile of the funds were elected to further eStats' trading on multiple global electronic market places and the recognition afforded to Bermuda funds by various stock and commodity exchanges.
