The Variable Capital Companies ("VCC") is a new corporate structure that boasts the best qualities of the limited partnership and standalone company structures. A key advantage of a VCC is the use of the umbrella structure (i.e. cellular-based structuring) which allows for a single fund to house various cells that segregates the assets and liabilities in specific cells of the VCC. Amongst the other features of a VCC, this corporate structure will allow fund managers to enjoy greater cost-savings from the operational flexibility which may employ different investment strategies to suit the needs of their investors.
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