Bryan Barreras

[co-author: Akshat Tiwari]* Borrowers under net asset value (“NAV”) credit facilities will sometimes seek to grant a direct pledge of their interests in hedge funds and private equity funds as collateral. The analysis for determining whether any such pledge is enforceable turns on whether those fund interests can be assigned.

With her latest album announcement last week, she has taken over headlines everywhere, again, so why not Fund Finance Friday? From her three-and-a-half-hour long concerts on her recent Eras tour (149 dates in 51 cities across 22 months), including several in the pouring rain, to the 11 albums (and 274 songs) that she has released in the past 19 years, there can be no doubting her work ethic and output.

A lot of attention and press has been given to market volatility this year, including its impact on the fund finance industry. There is at least one sector of the fund finance industry that stands to benefit from this volatility. Because their investment strategies involve taking both long and short positions, many hedge funds are poised to benefit from market volatility, regardless of the direction of the market.