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Hedge Funds and Private Equity Funds (LAWS70420)
Graduate coursework level 7Points: 12.5On Campus (Parkville)
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
March
Email: law-masters@unimelb.edu.au
Phone: +61 3 8344 6190
Website: law.unimelb.edu.au
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
Availability(Quotas apply) | March |
---|---|
Fees | Look up fees |
Hedge funds and private equity funds involve the allocation and investment of trillions of dollars, ultimately in a wide range of financial instruments and numerous operating companies across a variety of industry sectors. In recent years, managers of these ‘alternative investment funds’ have become subject to heightened scrutiny from regulators and the media. This subject provides an opportunity to learn in detail about the structuring and operation of hedge funds and private equity funds, providing students with an advanced and specialised knowledge in the relevant areas of law, and will examine recent developments in these areas.
Principal topics include:
- Introduction to hedge funds and private equity funds
- Dramatis personae
- Overview of regulatory issues relating to structuring
- Overview of regulatory issues relating to marketing
- Investors and due diligence issues
- Investment objectives and restrictions
- Legal documentation for a hedge fund
- Current issues related to hedge fund managers and investors
- Legal documentation for a private equity fund
- Current issues related to private equity fund managers and investors.
Intended learning outcomes
A student who has successfully completed this subject will:
- Have an advanced and integrated understanding of the motivations driving both fund managers and fund participants when establishing a new fund; how fund managers and fund participants navigate the complex set of laws, regulations, and tax requirements (as well as the various exemptions) that apply to these funds and their managers; and the structural aspects, the investment objectives and marketing practices of hedge funds and private equity funds
- Have an advanced understanding of the key legal documentation used in practice and be able to critically examine, analyse, interpret and assess the effectiveness of such documentation
- Have the cognitive and technical skills to independently examine, research and analyse legal and regulatory issues regarding hedge funds and private equity funds
- Have the communication skills to clearly articulate and convey complex information regarding hedge funds and private equity funds.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Melbourne Law Masters Students: None
JD Students: Successful completion of the below subject:
Code | Name | Teaching period | Credit Points |
---|---|---|---|
LAWS50035 | Corporations Law | Semester 2 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Applicants without legal qualifications should note that subjects are offered in the discipline of law at an advanced graduate level. While every effort will be made to meet the needs of students trained in other fields, concessions will not be made in the general level of instruction or assessment. Most subjects assume the knowledge usually acquired in a degree in law (LLB, JD or equivalent). Applicants should note that admission to some subjects in the Melbourne Law Masters will be dependent upon the individual applicant’s educational background and professional experience.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
Description | Timing | Percentage |
---|---|---|
Take-home examination
| 17 - 20 April | 100% |
Hurdle requirement: A minimum of 75% attendance | Throughout the teaching period | N/A |
Last updated: 3 November 2022
Quotas apply to this subject
Dates & times
- March
Principal coordinator Timothy Spangler Mode of delivery On Campus (Parkville) Contact hours Total time commitment 150 hours Pre teaching start date 3 February 2020 Pre teaching requirements The pre-teaching period commences four weeks before the subject commencement date. From this time, students are expected to access and review the Reading Guide that will be available from the LMS subject page and the subject materials provided by the subject coordinator, which will be available from Melbourne Law School. Refer to the Reading Guide for confirmation of which resources need to be read and what other preparation is required before the teaching period commences. Teaching period 2 March 2020 to 6 March 2020 Last self-enrol date 7 February 2020 Census date 2 March 2020 Last date to withdraw without fail 27 March 2020 Assessment period ends 20 April 2020 March contact information
Email: law-masters@unimelb.edu.au
Phone: +61 3 8344 6190
Website: law.unimelb.edu.au
Additional delivery details
This subject has a quota of 30 students.
Enrolment is on a first come, first served basis. Waitlists are maintained for subjects that are fully subscribed.
Students should note priority of places in subjects will be given as follows:
- To currently enrolled Graduate Diploma and Masters students with a satisfactory record in their degree
- To other students enrolling on a single subject basis, eg Community Access Program (CAP) students, cross-institutional study and cross-faculty study.
Please refer to the Melbourne Law Masters website for further information about the management of subject quotas and waitlists.
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
There is a prescribed text book for this subject:
- T Spangler, One step ahead - Private Equity and Hedge Funds after the Global Financial Crisis (Oneworld Publications, 2013).
Specialist materials will be made available from Melbourne Law School prior to the pre-teaching period. - Related Handbook entries
This subject contributes to the following:
Type Name Course Juris Doctor Course Master of Banking and Finance Law Course Master of Commercial Law Course Graduate Diploma in Legal Studies Course Graduate Diploma in Banking and Finance Law Course Master of Law and Development Course Master of Laws - Links to additional information
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Additional information for this subject
If required, please contact law-admissions@unimelb.edu.au for subject coordinator approval.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 3 November 2022