The document discusses the potential risks and legal implications for the Access Fund, particularly in relation to ERISA controlled group liability and the Sun Capital Cases. It highlights the lack of recourse for Limited Partners against the Underlying Fund, the illiquidity of investments, and the lack of voting rights or participation in the Underlying Fund's management. It also mentions investment concentration risks.
doj/DataSet10/EFTA01392366.pdf
{"key_people":["Patrick Gerschel"],"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 analysis or advisory","key_organizations":["Access Fund","Underlying Fund","Glendower"]}