Offshore firm Appleby acted as Bermuda counsel for eStats Funds Management Pty Limited (“eStats”) in relation to its establishment of a new Master-Feeder fund structure domiciled in Bermuda.
The Appleby team was led by Jeffrey Kirk, a Corporate Partner in Appleby’s Hong Kong office, assisted by Mark Cummings, Senior Associate. Australian counsel was DLA Philips Fox, Syndey, led by Martin Jamieson.
The funds will utilise their own purpose-built proprietary models that seek profit potential in the microstrucuture dynamics of certain international electronic financial and commodity markets and liquidity pools and targets. The funds ultra-high frequency trading techniques are targetted to produce an investment return of 30% per annum.
The innovative structure and domicile of the funds were elected to further eStats’ trading on multiple global electronic market places and the recognition afforded to Bermuda funds by various stock and commodity exchanges.
