Jacksonville, FL (May 7, 2010)-Michael Cavendish, lawyer and partner in Gunster’s Jacksonville office, was featured as an expert source for an article published by The Hedge Fund Law Report on April 30, 2010.
The article, “Mandatory Redemptions Enable Hedge Fund Managers to Control Regulatory and Reputational Risks, Contain Costs and Accommodate Maturation of Investor Base,” is a comprehensive look at mandatory redemption (when funds cash their investors out) provisions and how they affect both hedge fund managers and investors in the current financial markets.
The article quotes Cavendish at length on multiple issues concerning hedge fund management and the structure of hedge funds. Cavendish works for corporate and institutional clients from Florida to New York, with particular emphasis on legal problems in the financial markets and financial services industries. On the topic of hedge funds, Cavendish adds, “Hedge funds used to be an exotic animal in the financial jungle, but no more. Especially after the Great Recession and the collapse of some banks and investment firms, hedge funds have become vital, necessary cogs in our national monetary machinery. They are legally fascinating.” Cavendish is the only Florida lawyer and Gunster is the only firm outside of the northeastern U.S. cited as authorities in the article.
About Gunster
Established in 1925, Gunster is a full-service Florida law firm with eight offices around the state, providing counsel to leading businesses and individuals. Our statewide presence and culture reflect the firm’s status as Florida’s law firm for business. Gunster services clients from its offices in Fort Lauderdale, Jacksonville, Miami, Palm Beach, Stuart, Tallahassee, Vero Beach and its headquarters in West Palm Beach with 140 attorneys and 200 committed support staff.
