Opinion ID: 2444522
Heading Depth: 1
Heading Rank: 2

Heading: Parkcentral provided investors with information about privacy policies.

Text: Parkcentral is a hedge fund, incorporated as a Delaware limited partnership in June 2001 with Parkcentral Capital Management, L.P. as its general partner. Parkcentral invested all of its capital in an affiliated fund known as Parkcentral Global Hub Limited, a Bermuda corporation. Parkcentral informs all prospective investors, in a private placement memorandum (PPM), that confidentiality concerns will limit their access to partnership information. In 2002, the General Partner informed investors that federal regulations obligated it to provide annual notice of its privacy policies. Parkcentral's annual privacy notice stated, [W]e generally do not disclose any non-public personal information about our current or former investors that we obtain during the course of our relationship to unaffiliated third parties, except as permitted by law. The 2003 PPM included a section entitled Privacy Policy with language that mirrored the Privacy Notice's language. It states, With respect to the General Partner's individual, non-entity investors, the General Partner does not disclose non-public personal information about such clients/investors or former clients/investors to third parties other than described below. The section also included a general policy that stated, The General Partner does not otherwise provide any non-public personal information about investors to outside firms, organizations or individuals, except as required by law. Beginning in 2004, Parkcentral's subscription documents required all investors to agree that they have reviewed the General Partner's privacy policy contained in the Memorandum [PPM].