Investment strategy disclosure required; material changes need supermajority unit-holder consent under fund governance rules. Alternative Investment Funds must disclose their investment strategy, investment purpose and investment methodology in the placement memorandum; any material alteration to that strategy requires consent of at least two-thirds of unit holders by value of their investment, conditioning strategic changes on specified unit-holder approval.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investment strategy disclosure required; material changes need supermajority unit-holder consent under fund governance rules.
Alternative Investment Funds must disclose their investment strategy, investment purpose and investment methodology in the placement memorandum; any material alteration to that strategy requires consent of at least two-thirds of unit holders by value of their investment, conditioning strategic changes on specified unit-holder approval.
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