Carey Olsen has acted as Cayman Islands counsel to leading China-based asset management firm Jupiter Research Capital (Asia) Limited ("Jupiter Research Capital") in connection with the launch of a Cayman Islands master feeder structure.

The structure comprises Jupiter Global Master Fund Ltd. as the master fund, Jupiter Global Fund Ltd. as the offshore feeder for US tax-exempt investors and non-US taxable investors, and Jupiter Global US Feeder Fund Ltd. as the onshore feeder for US taxable investors (together, "the Fund").

Jupiter Research Capital will be deploying a systemic trading strategy in managing the Fund. The Fund represents the investment manager's first USD denominated structure, having previously managed RMB denominated funds focused on the domestic China market.

Carey Olsen Hong Kong corporate partner Michael Padarin, senior associate Janice Bok and associate Christy Kan handled regulatory licensing and registration applications to the Cayman Islands Monetary Authority, and also advised on ongoing compliance matters. Sidley Austin, Hong Kong acted as lead counsel in connection with the Fund launch.

Michael said: "We were very happy to assist Jupiter Research Capital on this landmark move into the USD denominated fund market. As a leading offshore law firm, Carey Olsen was well placed to support this complex and innovative transition to an offshore investment management environment, which entails a full new set of commercial, compliance and regulatory obligations."

Carey Olsen Hong Kong SAR is home to a team of experienced offshore lawyers, advising on the laws of Bermuda, the British Virgin Islands and the Cayman Islands. The firm works alongside Asia-Pacific’s leading regional and domestic law firms, including the Chinese 'Red Circle' law firms, and all of the world’s largest international law firms, accountancy firms and insolvency practitioners. The team comprises English, Mandarin and Cantonese speakers.