“The path to redemption is not always smooth.”

The Judicial Committee of the Privy Council has handed down its decision in the case of Pearson v Primeo. That decision is likely to join Strategic Turnaround and Fairfield Sentry as one of the leading cases on hedge fund redemptions. Jeremy Walton and Paul Kennedy acted for the First Intervener in the case, Reichmuth & Co, and here they offer their analysis of the Privy Council’s decision and its impact on the rights of redeeming investors in Cayman hedge funds.

 

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