The District of Columbia Limited Partnership Agreement for a Hedge Fund is a legal document that outlines the terms and conditions of a limited partnership formed in the District of Columbia for operating a hedge fund. This agreement governs the relationship between the general partner(s) and the limited partner(s) and defines the rights, obligations, and responsibilities of each party involved. Keywords: District of Columbia, limited partnership agreement, hedge fund, legal document, terms and conditions, general partner, limited partner, rights, obligations, responsibilities. There are different types of District of Columbia Limited Partnership Agreements for Hedge Funds, including: 1. General Partnership Agreement: This type of agreement is formed when two or more partners decide to join together and manage a hedge fund. All partners have unlimited liability for the fund's debts and legal obligations. 2. Limited Partnership Agreement: In this agreement, there are both general partners and limited partners. General partners manage the fund's operations and have unlimited liability, while limited partners contribute capital but have limited liability based on their investment. 3. Master-Feeder Partnership Agreement: This agreement structure consists of two distinct partnerships — the master fund and the feeder fund. The feeder fund pools investments from different investors and transfers them to the master fund, which actively manages and invests the assets. 4. Family Limited Partnership Agreement: This type of agreement is formed among family members to manage a hedge fund. It offers various tax advantages and facilitates estate planning while allowing family members to pool their resources and invest together. 5. Umbrella Partnership Agreement: This agreement allows multiple hedge funds to be operated under a single legal entity. Each fund maintains its own investment strategy and portfolio, while benefiting from centralized administrative services and operational efficiencies. In conclusion, the District of Columbia Limited Partnership Agreement for Hedge Fund is a crucial legal document that establishes the framework for a hedge fund's operations and defines the rights and obligations of the general and limited partners. Different types of agreements cater to specific partnership structures and objectives, providing flexibility and opportunities for investment collaboration in the District of Columbia.