Ogier recently advised Arden Asset Management LLC on its agreement with J.P. Morgan under which Arden is managing a $1.1 billion proprietary hedge fund of funds portfolio for J.P. Morgan's investment banking division. J.P. Morgan's investment bank has seeded several new Arden funds and has invested in one of Arden's current flagship funds with these assets.

Founded in 1993, Arden Asset Management LLC is a leading global fund of funds investment management company with offices in New York, London, Zurich and Bahrain. Arden is registered with the US Securities and Exchange Commission (SEC) and Arden's affiliate, Arden Asset Management (U.K.), Ltd. is authorized and regulated by the Financial Services Authority (FSA). Arden's institutional and individual investors include taxable and non-taxable clients from the United States, Canada, South America, the United Kingdom, Europe, Australia, Japan and Asia ex-Japan. As of July 1, 2009, Arden's assets under management exceeded $8 billion.

In conjunction with Seward & Kissel LLP, Ogier provided Arden with Cayman Islands legal advice on all aspects of the agreement. The Ogier team comprised of Partner Colin MacKay and Managing Associate Angus Davison. Commenting on the agreement Colin said: "We are pleased to have been able to assist Arden with such a significant agreement in the current market environment. We trust that the arrangements Ogier helped put in place will create significant value for both Arden investors and J.P. Morgan in the years to come."