Law360, New York (December 20, 2011, 11:49 AM EST) -- The European sovereign debt crisis and possible Euro instability raise a number of operational issues for private investment funds that are Euro-denominated, make Euro-denominated investments or otherwise have significant economic exposure to the Euro. The manager of any private fund with Euro exposure should consider the following:
1) Fund’s Denomination and Functional Currency
The manager of a Euro-denominated fund or a fund with Euro-denominated capital contributions, distributions and/or reporting may be most directly impacted by the Euro’s current risks and thus should assess its ability to...
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