The document discusses potential risks and legal considerations for the Access Fund, particularly in relation to ERISA controlled group liability and the implications of the Sun Capital Cases. It highlights the lack of recourse for Limited Partners against the Underlying Fund, restrictions on transferability or redemption of interests, and the absence of voting rights for Limited Partners. The document also notes the investment concentration risks associated with the Access Fund's sole investment in the Underlying Fund.
doj/DataSet10/EFTA01391703.pdf
{"document_type":"correspondence","key_locations":["U.S. Federal Court of Appeals for the First Circuit","U.S. District Court for the District of Massachusetts"],"document_subtype":"legal","key_organizations":["Access Fund","Underlying Fund","Glendower"],"reference_numbers":["DB-SDNY-0096715","SDNY_GM_00242899","EFTA01391703"]}