Memorandum of Association
(Offshore Hedge Fund) (Cayman Islands)

Summary

For a hedge fund organized as an offshore corporation, such as a Cayman Islands limited company, the Memorandum of Association is the basic formation document that sets forth essential matters such as the hedge fund's name, registered address, and business purpose. It is very much a standard form document. The Memorandum is filed with the local authority charged with keeping a registry of company formations (in this case, the Cayman Islands Government General Registry). As a collective investment vehicle or "mutual fund" under Cayman law, there would also be filings made with the Cayman Islands Monetary Authority, the main financial regulator. All of these filings would be handled by local counsel. This template includes practical guidance and drafting notes. For additional hedge fund formation resources, see: • Hedge Fund and Its Offering: Drafting and Reviewing the Key Documentation • Articles of Association (Offshore Hedge Fund) (Cayman Islands) • Custody Agreement (Hedge Fund) (Custodian) • Administration Agreement (Offshore Hedge Fund) (Cayman Islands) • Hedge Funds Structure and Organization