The document outlines the structure and risks associated with the Capital Structure Fund, which operates in a 'master-feeder' structure. It highlights the potential risks of insolvency of brokerage firms, the impact of larger feeder funds on smaller ones, and the strategy risks related to relative value trading. The document emphasizes the dependency on Hudson Bay Capital's ability to exploit mispricings and the potential for substantial losses due to market disruptions.
doj/DataSet10/EFTA01384555.pdf
{"key_people":["Hudson Bay Capital"],"document_type":"financial","document_subtype":"Investment Fund Document","key_organizations":["Capital Structure Fund","Capital Structure Feeder Fund","Capital Structure Master Fund"],"reference_numbers":["DB-SDNY-0084837","SDNY_GM_00231021","EFTA01384555"]}