People


Matt Mulry

Partner | Cayman Islands
Asset Management and Investment Funds


Matt Mulry specialises in Cayman Financial Services and Commercial and Corporate work.

Matt has extensive experience of Cayman financial services law and general commercial work. His advisory practice covers private equity, hedge funds, compliance and regulatory issues, general corporate and commercial work. He has acted in major transactions for leading onshore law firms, investment managers, administrators and global banks.

Matt’s experience includes working as General Counsel for a leading investment manager based in Cayman, London and Moscow. He is qualified in Cayman, the BVI, Jersey and England and Wales but currently practises Cayman law exclusively.

He is a member of the Cayman Islands Law Society and an active member of sub-committees for Cayman Finance. He is a regular speaker at international conferences and is a frequent contributor on offshore funds to trade journals.

Matt’s representative transactions include advising:

  • A leading UK- and US-based investment manager on establishing a Cayman fund structure comprising a unit trust to feed, with other direct investors, into a Cayman segregated portfolio company to provide seed capital and working capital to early stage hedge funds. 
  • A leading Asian asset manager on their Cayman segregated portfolio fund which targets preferential time deposits with leading Indian banks.
  • A leading CIS-focused investment manager on the restructuring of its suite of Cayman domiciled funds and corresponding Cypriot subsidiaries.
  • A leading Japanese investment adviser on the restructuring of a unit trust to manage liquidity issues, including the use of side-pocketed units, the facility to continue NAV reporting following the suspension of redemptions, and the extension of lock-up periods.
  • On the Cayman corporate aspects of a joint venture arrangement established to invest in pharmaceutical companies in the MENA region.
  • On the establishment of closed-ended special purpose vehicles to manage asset illiquidity within Cayman hedge funds, allowing the continuing offering of shares and satisfying investor requirements for the management of illiquid assets.
  • On the variation of rights by the imposition of a redemption gate on investors in a hedge fund tainted with assets exposed to the Lehman collapse.

Matt Mulry

Partner | Cayman Islands
Asset Management and Investment Funds


Matt’s representative transactions include:

  • A leading UK- and US-based investment manager on establishing a Cayman fund structure comprising a unit trust to feed, with other direct investors, into a Cayman segregated portfolio company to provide seed capital and working capital to early stage hedge funds.
  • A leading Asian asset manager in relation to their Cayman segregated portfolio fund which targets preferential time deposits with leading Indian banks.
  • A leading CIS-focused investment manager on the restructuring of its suite of Cayman domiciled funds and corresponding Cypriot subsidiaries.
  • A leading Japanese investment adviser on the restructuring of a unit trust to manage liquidity issues, including the use of side-pocketed units, the facility to continue NAV reporting following the suspension of redemptions, and the extension of lock up periods.
  • On the Cayman corporate aspects of a joint venture arrangement established to invest in pharmaceutical companies in the MENA region.
  • On the establishment of closed ended special purpose vehicles to manage asset illiquidity within Cayman hedge funds allowing the continuing offering of shares and satisfying investor requirements for the management of illiquid assets.
  • On the variation of rights by the imposition of a redemption gate on investors in a hedge fund tainted with assets exposed to the Lehman collapse.

Related Practice Areas

Asset Management and Investment Funds

Banking and Finance

Cayman Legal and Company Management Services

Corporate

Regulatory and Compliance

Cayman Islands

Education

University of Warwick

Coventry University

The College of Law