(Carey Olsen 2025/07/25)
Carey Olsen has acted as Cayman Islands legal counsel to Jupiter Research Capital (Asia) Limited (“Jupiter Research Capital”), a leading China-based asset manager, on the launch of its Cayman Islands master-feeder fund 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 and non-US taxable investors, and Jupiter Global US Feeder Fund Ltd., as the onshore feeder for US taxable investors (collectively, the “Fund”).
Jupiter Research Capital will manage the Fund employing a systematic trading strategy. The Fund represents the firm’s first US dollar-denominated global multi-strategy fund, following its previous management of several funds focused more on the domestic Chinese market.
Michael Padarin, a Hong Kong-based corporate and fund partner at Carey Olsen, along with associates Janice Bok and Christy Kan, led the submission of regulatory approvals and registration applications to the Cayman Islands Monetary Authority, and provided advice on ongoing compliance matters. Sidley Austin Hong Kong acted as lead legal counsel to the Fund.
Partner Mr Padarin said:
“We are delighted to have assisted Jupiter Research Capital with this milestone step into the US dollar-denominated fund market. As a leading offshore law firm, Carey Olsen is well positioned to support this complex and innovative transition into the offshore investment management landscape, which entails a new suite of commercial, compliance and regulatory obligations.”
Carey Olsen’s Hong Kong office boasts an experienced team of offshore lawyers advising on Bermuda, British Virgin Islands and Cayman Islands law. The firm works with leading regional and domestic law firms across the Asia-Pacific region, including China’s Red Circle law firms, as well as all of the world’s largest international law firms, accounting firms and insolvency practitioners. The team is fluent in English, Mandarin and Cantonese.
