Articles By Topic
By Topic: People Moves
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From Vol. 5 No.7 (Feb. 16, 2012)
Bingham Expands Private Equity and Insurance Capabilities with Addition of Jeffrey MacDonald
On February 6, 2012, Bingham McCutchen LLP announced that it has expanded its private equity and insurance capabilities at its New York and Hartford offices with the addition of partner Jeffrey MacDonald, who joined the firm from Dewey & LeBoeuf LLP.
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From Vol. 5 No.6 (Feb. 9, 2012)
Chief of the Securities & Commodities Fraud Task Force at the SDNY to Join Weil
On February 8, 2012, Weil, Gotshal & Manges LLP announced that Christopher L. Garcia, Chief of the Securities & Commodities Fraud Task Force at the United States Attorney’s Office for the Southern District of New York, will join the firm as Litigation partner and member of the Securities Litigation and White Collar Defense & Investigations practices. Garcia will be based in New York. During his tenure as a prosecutor, Garcia supervised the investigation and prosecution of cases involving, among others, Refco, Galleon and Madoff. On Refco, see “Two Key Levels of Risk Facing Hedge Funds That Buy or Sell Bankruptcy Claims,” The Hedge Fund Law Report, Vol. 4, No. 27 (Aug. 12, 2011). On Galleon, see “Is the ‘Mosaic Theory’ a Viable Defense to Insider Trading Charges Against Hedge Fund Managers Post-Galleon?,” The Hedge Fund Law Report, Vol. 4, No. 45 (Dec. 15, 2011). And on Madoff, see “Two Recent Federal Court Decisions Clarify the Differing Treatment under SIPA of Returned Principal and Fictitious Profits,” The Hedge Fund Law Report, Vol. 4, No. 34 (Sep. 29, 2011).
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From Vol. 5 No.5 (Feb. 2, 2012)
Tim Pearce and Ian Meade to Join Akin Gump’s London Funds Practice
On February 1, 2012, Akin Gump Strauss Hauer & Feld LLP announced its plan to add two partners, Tim Pearce and Ian Meade, to its London funds practice.
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From Vol. 5 No.5 (Feb. 2, 2012)
Senior Federal Prosecutor Greg D. Andres Joins Davis Polk’s White Collar Defense Group
On February 1, 2012, Davis Polk & Wardwell LLP announced that Greg D. Andres, a federal prosecutor and senior official with the U.S. Department of Justice, will rejoin the firm in New York.
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From Vol. 5 No.5 (Feb. 2, 2012)
Former Federal Prosecutors Rita Glavin and Michael Considine to Head Seward & Kissel’s New Government Enforcement and Internal Investigations Group
On February 1, 2012, Seward & Kissel LLP announced that the former head of the Department of Justice’s Criminal Division and the longtime chair of the white-collar practice at a leading national law firm have joined the firm.
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From Vol. 5 No.4 (Jan. 26, 2012)
Brad Caswell Joins Schulte Roth & Zabel’s Regulatory & Compliance Practice
On January 17, 2012, Schulte Roth & Zabel LLP announced that Brad Caswell joined the firm as a Special Counsel in the Investment Management Group.
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From Vol. 5 No.4 (Jan. 26, 2012)
Stephen Pollard Joins WilmerHale’s Investigations and Criminal Litigation Practice in the London Office
Stephen Pollard, a leading practitioner in the areas of white-collar crime and regulatory financial services, has joined WilmerHale’s London office as a partner in the Investigations and Criminal Litigation Practice.
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From Vol. 5 No.4 (Jan. 26, 2012)
Timothy Wilson Joins Global Risk Management Advisors as Managing Director
Timothy Wilson, a veteran hedge fund and investment bank risk manager, recently joined Global Risk Management Advisors (GRMA) as a Managing Director and Senior Principal. For more insight from GRMA, see “Form PF: Operational Challenges and Strategic, Regulatory and Investor-Related Implications for Hedge Fund Managers,” above, in this issue of The Hedge Fund Law Report.
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From Vol. 5 No.4 (Jan. 26, 2012)
Lorin Reisner Appointed Chief of the Criminal Division of the United States Attorney’s Office for the Southern District of New York
On January 25, 2012, Preet Bharara, the United States Attorney for the Southern District of New York, announced the appointment of Lorin L. Reisner as Chief of the Office’s Criminal Division. Criminal law is becoming increasingly important in the hedge fund arena. See, e.g., “SEC Settlement with Diamondback Capital Evidences SEC’s New Practice Prohibiting Defendants from Settling Cases Without Admitting or Denying Facts Admitted in Parallel Criminal Matters,” above, in this issue of The Hedge Fund Law Report.
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From Vol. 5 No.3 (Jan. 19, 2012)
Rajaratnam Prosecutor Jonathan Streeter to Join Dechert as Partner in Litigation Practice
On January 13, 2012, Dechert LLP announced that Jonathan R. Streeter will join the firm in February as a litigation partner. Streeter most recently was Deputy Chief of the Criminal Division at the United States Attorney’s Office for the Southern District of New York. Notably, Streeter served as trial counsel for the government on United States v. Raj Rajaratnam. See “Is the ‘Mosaic Theory’ a Viable Defense to Insider Trading Charges Against Hedge Fund Managers Post-Galleon?,” The Hedge Fund Law Report, Vol. 4, No. 45 (Dec. 15, 2011).
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From Vol. 5 No.3 (Jan. 19, 2012)
Rothstein Kass Adds Gary S. Kaminsky as Principal in Business Advisory Services Group
On January 17, 2012, Rothstein Kass announced that Gary S. Kaminsky joined the firm as a Principal in the Business Advisory Services Group.
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From Vol. 5 No.2 (Jan. 12, 2012)
Ropes & Gray Adds Private Equity Real Estate Lawyer Iain Morpeth to its London Office
Iain Morpeth recently joined the London office of Ropes & Gray as a partner in its private equity practice group. For a discussion of one of the many ways in which the hedge fund and real estate industries overlap, see “For Hedge Funds, Ownership of Commercial Mortgage-Backed Securities Servicers Offers a Growing, Uncorrelated Stream of Fee Income and Advantageous Access to Distressed Mortgages, But Not Without Legal and Business Risk,” The Hedge Fund Law Report, Vol. 2, No. 38 (Sep. 24, 2009).
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From Vol. 5 No.2 (Jan. 12, 2012)
Pluris Valuation Advisors Hires Kyle Vataha to Focus on Alternative Asset Management Company Valuations
On January 11, 2012, Pluris Valuation Advisors LLC announced that Kyle B. Vataha has joined the firm as Vice President with a mandate to focus on valuation of alternative asset management companies. Valuation of a management company may come up in the contexts of seed investments, management company acquisitions, compensation discussions, fee negotiations and in other scenarios.
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From Vol. 5 No.2 (Jan. 12, 2012)
CFTC Chairman Names Vincente Martinez as Director of Its New Whistleblower Office
On January 6, 2012, Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler announced that Vincente Martinez has been hired as the first director of the CFTC’s recently opened Whistleblower Office. For more on whistleblower considerations for hedge fund managers, see “Wiretaps, Whistleblowers, Expert Networks and Insider Trading: A Conversation with Kevin O’Connor, Former Associate Attorney General of the U.S. and Former U.S. Attorney for Connecticut,” The Hedge Fund Law Report, Vol. 4, No. 33 (Sep. 22, 2011).
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From Vol. 4 No.46 (Dec. 21, 2011)
Linda C. Goldstein Joins Dechert as Partner in New York
On December 19, 2011, Dechert LLP announced that Linda C. Goldstein joined the firm as a partner in its White Collar and Securities Litigation practice. She will be resident in the firm’s New York office. Goldstein was most recently a partner at Covington & Burling LLP and a co-chair of its Securities/Derivatives Litigation & Enforcement practice.
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From Vol. 4 No.46 (Dec. 21, 2011)
Michael Garrity Named Head of Examination Program in SEC’s Boston Regional Office
On December 19, 2011, the Securities and Exchange Commission announced the appointment of Michael E. Garrity to lead the examination program in its Boston Regional Office. See “Legal and Practical Considerations in Connection with Mock Examinations of Hedge Fund Managers,” The Hedge Fund Law Report, Vol. 4, No. 26 (Aug. 4, 2011).
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From Vol. 4 No.45 (Dec. 15, 2011)
Mayer Brown Expands Private Investment Funds Group with Addition of Rory Cohen as Partner in New York
On December 7, 2011, Mayer Brown announced that Rory Cohen joined the firm as a partner in the Corporate & Securities practice and the Private Investment Funds group in New York. Cohen has been quoted in The Hedge Fund Law Report. See, e.g., “Investments by Hedge Fund Managers in Their Own Funds: Rationale, Amounts, Terms, Disclosure, Duty to Update and Verification,” The Hedge Fund Law Report, Vol. 3, No. 21 (May 28, 2010).
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From Vol. 4 No.44 (Dec. 8, 2011)
Leading U.K. Private Funds Lawyer Noel Ainsworth to Join Morgan Lewis in London
On December 1, 2011, Morgan Lewis announced that leading U.K. private funds lawyer Noel Ainsworth will join the firm as a partner in its Business & Finance practice in the London office. He joins Morgan Lewis from the London office of Simmons & Simmons and is scheduled to start at Morgan Lewis in early 2012.
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From Vol. 4 No.44 (Dec. 8, 2011)
Private Funds Lawyers Jeffrey Blumberg and Paul Patrow Join Fox, Hefter in Chicago
The Chicago law firm Fox, Hefter, Swibel, Levin & Carroll, LLP (FHSLC) has brought on new partners Jeffrey Blumberg (as of September 1, 2011) and Paul D. Patrow (as of February 21, 2011); both have joined the firm’s Corporate and Securities Practice Group.
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From Vol. 4 No.43 (Dec. 1, 2011)
Kristin Snyder Named Head of Examinations Program in SEC’s San Francisco Regional Office
On November 29, 2011, the Securities and Exchange Commission (SEC) announced the appointment of Kristin Snyder to lead the examinations program in the agency’s San Francisco Regional Office. See “SEC Exams of Hedge Fund Advisers: Focus Areas and Common Deficiencies in Compliance Policies and Procedures,” The Hedge Fund Law Report, Vol. 4, No. 38 (Oct. 27, 2011). To prepare for a visit from Snyder, see “Legal and Practical Considerations in Connection with Mock Examinations of Hedge Fund Managers,” The Hedge Fund Law Report, Vol. 4, No. 26 (Aug. 4, 2011). And, more generally, please refer to the “Examinations” section of our Archive.
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From Vol. 4 No.42 (Nov. 23, 2011)
Two Prominent Hong Kong Corporate Partners Join Gibson Dunn
On November 2, 2011, Gibson, Dunn & Crutcher LLP announced that Yi Zhang and Graham Winter will join the firm as partners. On the relevance of Hong Kong to the global hedge fund industry, see “AsiaHedge Study Finds That a Growing Proportion of Hedge Funds with Asia-Focused Strategies are Managed From Asia,” The Hedge Fund Law Report, Vol. 4, No. 36 (Oct. 13, 2011). For a discussion of accounting considerations in connection with investments by hedge fund managers in Chinese companies, see “Questions Hedge Fund Managers Need to Consider Prior to Making Investments in Chinese Companies,” The Hedge Fund Law Report, Vol. 4, No. 21 (Jun. 23, 2011).
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From Vol. 4 No.41 (Nov. 17, 2011)
Richard Chen Joins The Hedge Fund Law Report as Editor in Chief
On November 14, 2011, Richard Chen joined The Hedge Fund Law Report as its Editor in Chief. Most recently, Chen was a Counsel in Arnold & Porter’s corporate and securities practice group where he advised hedge fund sponsors on the structuring of fund products as well as operational, marketing, regulatory and trading issues. Prior to joining Arnold & Porter, Chen was an associate at Schulte Roth & Zabel, where his practice focused on structuring fund products and compliance programs for hedge fund and private equity fund sponsors, advising hedge fund and private equity fund sponsors on a wide range of operational, regulatory and trading matters, advising fund sponsors on seeding arrangements and negotiating service provider arrangements on behalf of fund sponsors. Chen has worked with a wide range of fund managers including those with billions in assets under management as well as entrepreneurial start-up funds. Chen also has experience representing investment advisers and broker-dealers in SEC and FINRA examinations, investigations and enforcement actions as well as guiding investment advisers through the SEC registration process. Chen began practicing law after he graduated from Harvard College in 1995 and Harvard Law School in 1998. “I am honored and excited to join The Hedge Fund Law Report as its Editor in Chief,” Chen said. “During my years in practice, I came to relish the sophisticated commentary and market color offered by The Hedge Fund Law Report and am impressed at how it has already made such a large imprint on the hedge fund industry. I look forward to contributing towards the tradition of excellence that is the hallmark of The Hedge Fund Law Report and to creating an ongoing dynamic dialogue with the hedge fund industry.” Mike Pereira, Founder and Publisher of The Hedge Fund Law Report, said: “Rich is a luminary in the hedge fund law industry, widely known and deservedly well-regarded. He has a profound grasp of the legal issues that drive business decision-making, a unique ability to discern regulatory trends and a gift for clear communication. Rich has worked on cutting-edge legal issues at the best firms for the most innovative clients. As a result, Rich knows what is market, why certain terms or practices are market, how the market is changing and how those changes will affect structuring, drafting, marketing, due diligence, taxation, portfolio management and a range of other relevant topics. We are thrilled to have Rich on board. The HFLR will serve its subscribers even more effectively under Rich’s editorial stewardship.”
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From Vol. 4 No.40 (Nov. 10, 2011)
Boyd M. Johnson, III, Deputy U.S. Attorney for the Southern District of New York, Joins WilmerHale
Boyd M. Johnson III, who most recently served as Deputy U.S. Attorney for the Southern District of New York, recently joined WilmerHale. As Deputy U.S. Attorney, Johnson managed multiple high-profile matters, including the largest crackdown on hedge fund insider trading in U.S. history; the criminal prosecutions and civil forfeiture proceedings related to the Bernard Madoff fraud; and the investigation and prosecution of individuals and entities responsible for structuring and promoting international tax shelters. For more on tax shelters, see “IRS Enhancing Its Scrutiny of Tax Shelter Disclosures by Hedge Funds,” The Hedge Fund Law Report, Vol. 4, No. 4 (Feb. 3, 2011).
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From Vol. 4 No.39 (Nov. 3, 2011)
Andrew Bowden to Lead National Investment Adviser/Investment Company Exam Program at OCIE
On October 21, 2011, the Securities and Exchange Commission announced that Andrew J. Bowden was appointed as Associate Director to lead the National Investment Adviser/Investment Company Examination Program in the SEC’s Office of Compliance Inspections and Examinations (OCIE). OCIE conducts the SEC’s national examination program for hedge fund advisers and other investment advisers, investment companies, broker-dealers, self-regulatory organizations, clearing agencies, transfer agents and credit rating agencies to fulfill its mission of promoting compliance, preventing fraud, monitoring risk and informing SEC policy. See “SEC Exams of Hedge Fund Advisers: Focus Areas and Common Deficiencies in Compliance Policies and Procedures,” Vol. 4, No. 38 (Oct. 27, 2011).
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From Vol. 4 No.38 (Oct. 27, 2011)
Neil Townsend and David Cosgrove Join Willkie’s Private Equity Group
On October 12, 2011, Willkie Farr & Gallagher LLP announced that Neil W. Townsend and David B. Cosgrove have joined the firm as partners. They will practice in the Corporate and Financial Services Department and Private Equity Practice Group in the firm’s New York office. For analysis by Willkie published in the HFLR, see “Investment Research and Insider Trading on ‘Outside Information’,” The Hedge Fund Law Report, Vol. 4, No. 29 (Aug. 25, 2011); “The Lehman Bankruptcy and Swap Lessons Learned Negotiating an ISDA Master Agreement in Today’s Market,” The Hedge Fund Law Report, Vol. 2, No. 9 (Mar. 4, 2009); and “Impact of Hedge Fund Redemptions Under ERISA,” The Hedge Fund Law Report, Vol. 2, No. 2 (Jan. 15, 2009).
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From Vol. 4 No.38 (Oct. 27, 2011)
Charles W. Garske Joins Okapi Partners
On October 25, 2011, proxy solicitation firm Okapi Partners LLC, announced the addition of Charles W. (Chuck) Garske as Senior Managing Director. Garske joins Okapi Partners from Georgeson Inc. For analysis by Okapi published in the HFLR, see “How Will Changes to Proxy Access and Broker Voting Rules Impact Activist Hedge Fund Investors?,” The Hedge Fund Law Report, Vol. 2, No. 30 (Jul. 29, 2009).
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From Vol. 4 No.37 (Oct. 21, 2011)
Aisha Hunt Joins as Partner to Run Cole-Frieman & Mallon’s New Alternative Mutual Fund Practice
On October 19, 2011, investment management law firm Cole-Frieman & Mallon LLP announced the addition of Aisha Hunt to head the firm’s new Alternative Mutual Fund Practice in San Francisco. See “Hedge Fund Managers Launching Mutual Funds in an Effort to Stay a Step Ahead of Regulatory Convergence,” The Hedge Fund Law Report, Vol. 2, No. 15 (Apr. 16, 2009).
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From Vol. 4 No.36 (Oct. 13, 2011)
Bankruptcy & Restructuring Lawyer Geoffrey T. Raicht Joins Proskauer as Partner in New York
On October 10, 2011, Proskauer announced that Geoffrey T. Raicht joined the firm as a partner in its New York office. At Proskauer, Raicht plans to represent private equity funds and their portfolio companies, as well as liquidators of hedge funds. See “When Does the SEC Acquire the Right to Freeze the Assets of a Hedge Fund or Appoint a Receiver over a Hedge Fund?,” The Hedge Fund Law Report, Vol. 4, No. 17 (May 20, 2011). On bankruptcy investing by hedge funds, see “WaMu Bankruptcy Judge Allows Equity Committee’s Action for Equitable Disallowance of Hedge Fund Noteholders’ Claims to Proceed on the Ground that Equity Committee Stated a ‘Colorable Claim’ that those Noteholders Engaged in Insider Trading,” The Hedge Fund Law Report, Vol. 4, No. 35 (Oct. 6, 2011).
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From Vol. 4 No.36 (Oct. 13, 2011)
Fatima S. Sulaiman Returns to the Hedge Fund Practice of K&L Gates
On October 12, 2011, the Washington, D.C. office of K&L Gates LLP announced the return of Fatima S. Sulaiman as a partner in the firm’s investment management, hedge funds and alternative investments practice, where she previously practiced from 1997 to 2009.
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From Vol. 4 No.35 (Oct. 6, 2011)
Haynes and Boone Expands its Hedge Fund Practice in New York
On October 3, 2011, Haynes and Boone, LLP announced that it added two partners, George Wang and Nir Yarden, in its New York office, as part of its strategic expansion of its corporate and capital markets practices. The combined practices of Wang and Yarden are focused on servicing the corporate and financing needs of private equity and hedge funds, prime brokers and other institutional capital market clients.
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From Vol. 4 No.35 (Oct. 6, 2011)
DLA Piper Appoints Troy Doyle to Lead its Restructuring & Distressed Investment Team in Asia
On October 6, 2011, DLA Piper announced the appointment of Troy Doyle as a partner in its Singapore office to lead the firm’s restructuring and distressed investment team in Asia. Doyle is experienced in advising investment banks, private equity firms, hedge funds, insolvency practitioners and corporations on distressed situations throughout Australia, Singapore, Thailand, India, Indonesia, Philippines and China. For an analysis of FCPA considerations in connection with engaging advisors for investments in and around non-U.S. bankruptcies, see “Practical Considerations for Compliance by Hedge Fund Managers with the FCPA When Evaluating and Engaging Foreign Advisors in Connection with Foreign Bankruptcy Investments,” The Hedge Fund Law Report, Vol. 4, No. 34 (Sep. 29, 2011).
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From Vol. 4 No.35 (Oct. 6, 2011)
Dechert Adds Vivian A. Maese as Head of Its Global Outsourcing and Offshoring Practice
On October 4, 2011, Dechert announced the addition of Vivian A. Maese as a partner in the firm’s Intellectual Property Practice, and head of its global Outsourcing and Offshoring Practice. See “Primary Legal and Practical Considerations for Hedge Fund Managers Looking to Outsource Their Operational Functions,” The Hedge Fund Law Report, Vol. 4, No. 33 (Sep. 22, 2011).
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From Vol. 4 No.34 (Sep. 29, 2011)
Greenwich Associates Announces that John Siciliano Will Assume Role of Senior Adviser
On September 28, 2011, research-based strategy management services provider Greenwich Associates announced that John C. Siciliano assumed the role of Senior Advisor to the firm’s Investment Management Practice, led by Managing Director Robert Statius-Muller. The Hedge Fund Law Report has reported on relevant research by Greenwich Associates. See, e.g., “Survey by SEI and Greenwich Associates Identifies the Primary Decision Factors and Concerns of Institutional Investors When Investing in Hedge Funds,” The Hedge Fund Law Report, Vol. 4, No. 11 (Apr. 1, 2011); “2010 Greenwich Associates Global Custodian Prime Brokerage Study Discusses Counterparty Risk Concerns, Sources of Assets, Balance Spreading, Leverage Levels, Separately Managed Accounts and Hedge Fund Staffing Benchmarks,” The Hedge Fund Law Report, Vol. 4, No. 3 (Jan. 21, 2011).
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From Vol. 4 No.33 (Sep. 22, 2011)
SEC Deputy Director James A. Brigagliano to Join Sidley Austin LLP’s Washington D.C. Office
On September 19, 2011, Sidley Austin LLP announced that James A. Brigagliano is joining the firm as a partner in the securities and futures regulatory practice in Washington D.C. Brigagliano comes to Sidley after serving as the Deputy Director of the Division of Trading and Markets at the Securities and Exchange Commission, where he held a series of senior policymaking and management positions.
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From Vol. 4 No.33 (Sep. 22, 2011)
SkyBridge Capital Hires Tatiana Segal as Head of Risk Management
On September 19, 2011, SkyBridge Capital, the global alternative investment firm, announced that it hired Tatiana Segal as a managing director and head of risk management. See “What Is a Chief Risk Officer, and Should Hedge Fund Managers Have One?,” The Hedge Fund Law Report, Vol. 2, No. 31 (Aug. 5, 2009). Segal was previously a managing director and chief risk officer at Cerberus Capital Management.
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From Vol. 4 No.32 (Sep. 16, 2011)
John Quattrocchi Joins SNR Denton’s Private Equity Practice in Dallas
On September 13, 2011, SNR Denton announced that John E. Quattrocchi has joined the firm as a partner in its Private Equity practice in Dallas. Quattrocchi joins SNR Denton from the Dallas office of Andrews Kurth, LLP, where he had been a partner since 2006.
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From Vol. 4 No.32 (Sep. 16, 2011)
Samuel E. “Q” Belk IV to Lead Research on Lower-Beta Hedge Funds, Global Macro Managers, Tail Risk Hedging Managers and High-Yield Credit, Bank Debt and Active Currency Managers
On September 13, 2011, Cambridge Associates announced that Samuel E. “Q” Belk IV, 56, has joined the investment consultant as Director of Diversifying Investments. Belk was most recently a Managing Director at the Dartmouth College Investment Office, where he was responsible for hedge fund and distressed portfolios and private equity. For more on beta as it relates to hedge fund investments, see “The Space between Alpha and Beta (and Why Hedge Fund Investors Should Care),” The Hedge Fund Law Report, Vol. 3, No. 24 (Jun. 18, 2010).
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From Vol. 4 No.32 (Sep. 16, 2011)
SEC Senior Trial Counsel Mark Fickes Joins BraunHagey in San Francisco to Focus on SEC and DOJ Investigations of Hedge Fund Managers and Investment by Hedge Funds in Companies Facing Litigation Risk
BraunHagey has added Securities and Exchange Commission Senior Trial Counsel Mark P. Fickes as a partner in the firm’s San Francisco office.
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From Vol. 4 No.31 (Sep. 8, 2011)
Paul, Weiss Adds Private Funds Partner Udi Grofman to Investment Management Practice
On September 6, 2011, Paul, Weiss, Rifkind, Wharton & Garrison LLP announced that Udi Grofman joined the firm as a corporate partner in its New York office. Grofman has been quoted in The Hedge Fund Law Report. See “Legal and Investment Considerations in Connection with Closing Hedge Funds to New Investors or Investments,” The Hedge Fund Law Report, Vol. 3, No. 37 (Sep. 24, 2010); “Certain Hedge Funds are Using Enhanced Investor Liquidity as a Marketing Tool,” The Hedge Fund Law Report, Vol. 2, No. 22 (Jun. 3, 2009).
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From Vol. 4 No.31 (Sep. 8, 2011)
David Vaughan Returns to Dechert from SEC Division of Investment Management
On September 7, 2011, law firm Dechert LLP announced that David A. Vaughan returned to the firm as a partner in the Financial Services Group. Vaughan left Dechert in March 2009 to join the U.S. Securities and Exchange Commission’s Division of Investment Management, where he served for the last two years as the senior private fund policy adviser on all aspects of legal and regulatory policy related to private funds. Prior to leaving Dechert to join the SEC, Vaughan was frequently quoted in The Hedge Fund Law Report. See, e.g., “Seeking a Way Out: Hedge Fund Investors Turning to Secondary Market to Get Out of Investments,” The Hedge Fund Law Report, Vol. 1, No. 23 (Oct. 28, 2008); “The Freedom of Information Act: A Crack in the Confidentiality of Disclosed Short Sale Data?,” The Hedge Fund Law Report, Vol. 1, No. 28 (Dec. 16, 2008).
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From Vol. 4 No.31 (Sep. 8, 2011)
O’Melveny Adds Tim Clark as Partner in Investment Funds and Securitization Practice in New York
On September 6, 2011, O’Melveny & Myers LLP announced that Timothy M. Clark joined the firm as a partner in its Investment Funds and Securitization Practice in New York. Clark has been quoted frequently in The Hedge Fund Law Report. See, e.g., “Key Legal Considerations in Connection with the Movement of Talent from Proprietary Trading Desks to Start-Up or Existing Hedge Fund Managers: The Hedge Fund Manager Perspective (Part Three of Three),” The Hedge Fund Law Report, Vol. 4, No. 4 (Feb. 3, 2011); “Hedge Fund Managers and Investors Turning to Dutch Auctions as an Alternative to Secondary Markets for Hedge Fund Interests,” The Hedge Fund Law Report, Vol. 2, No. 10 (Mar. 11, 2009); “Secondary Market Develops in Special Purpose Vehicle Interests as Use of SPVs to Effect Redemptions Becomes More Common,” The Hedge Fund Law Report, Vol. 2, No. 16 (Apr. 23, 2009); “Should Hedge Funds Participate in the Public-Private Investment Program?,” The Hedge Fund Law Report, Vol. 2, No. 13 (Apr. 2, 2009).
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From Vol. 4 No.31 (Sep. 8, 2011)
David C. Wolinsky Joins Otterbourg
On September 8, 2011, law firm Otterbourg, Steindler, Houston & Rosen, P.C. announced that David C. Wolinsky joined the firm as Of Counsel.
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From Vol. 4 No.30 (Sep. 1, 2011)
Citi Announces Appointment of Christy York as Managing Director and Head of Capital Introduction for Europe, Middle East and Africa
On August 24, 2011, Citi announced that Christy York has been appointed Managing Director and Head of Capital Introduction for its Prime Finance business in the Europe, Middle East and Africa (EMEA) region. Pure capital introduction activities may not require broker-dealer registration, although many entities that make such introductions are already registered as broker-dealers. However, more active intermediation and related compensation structures may require broker-dealer registration. See “Is the In-House Marketing Department of a Hedge Fund Manager Required to Register as a Broker?,” The Hedge Fund Law Report, Vol. 4, No. 10 (Mar. 18, 2011). Moreover, intermediaries of hedge fund interests now have to contend with lobbying laws. See “How Can Hedge Fund Managers Structure the Compensation of Third-Party Marketers in Light of the Ban On ‘Contingent Compensation’ Under New York City and California Lobbying Laws? (Part Two of Three),” The Hedge Fund Law Report, Vol. 4, No. 13 (Apr. 21, 2011).
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From Vol. 4 No.29 (Aug. 25, 2011)
CFTC Announces Appointment of Gary Barnett as Swaps Division Director
On August 22, 2011, The Commodity Futures Trading Commission (CFTC) announced the appointment of Gary Barnett to serve as the agency’s Director of the Division of Swap Dealer and Intermediary Oversight. For more on the treatment of swaps in and around bankruptcies, see, “U.K. Supreme Court Rules That Change in Priority over Dante CDO Collateral Triggered by Lehman Bankruptcy Does Not Violate Britain’s Anti-Deprivation Bankruptcy Rule,” The Hedge Fund Law Report, Vol. 4, No. 27 (Aug. 12, 2011); “Bankruptcy Court Holds That a Provision in a Derivative Contract Subordinating Payments to a Bankrupt Counterparty May Be an Unenforceable Ipso Facto Clause,” The Hedge Fund Law Report, Vol. 4, No. 18 (Jun. 1, 2011); “Bankruptcy Court Finds Unenforceable CDO Provisions Subordinating Swap Termination Payments to Swap Counterparty Lehman Brothers as a Result of Its Bankruptcy,” The Hedge Fund Law Report, Vol. 3, No. 5 (Feb. 4, 2011); “Treatment of a Hedge Fund’s Claims Against and Other Exposures To a Covered Financial Company Under the Orderly Liquidation Authority Created by the Dodd-Frank Act,” The Hedge Fund Law Report, Vol. 4, No. 15 (May 6, 2011).
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From Vol. 4 No.28 (Aug. 19, 2011)
Leading ERISA Lawyer, Jeffrey Crandall, Joins Davis Polk
On August 15, 2011, Davis Polk & Wardwell LLP announced that Jeffrey P. Crandall will be joining the firm in New York as a Partner in its Executive Compensation and Employee Benefits practice. Crandall has expertise in, among other things, compensation and ERISA matters relating to financial institution, private equity and hedge fund clients.
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From Vol. 4 No.27 (Aug. 12, 2011)
K&L Gates Continues New York Office Growth with Corporate Partner Addition
On July 27, 2011, global law firm K&L Gates LLP announced the addition of Peter J. Fitzpatrick as a corporate partner in its New York office. Mr. Fitzpatrick provides general corporate counsel and advice to a diverse client base, including hedge funds.
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From Vol. 4 No.27 (Aug. 12, 2011)
James Tinworth Joins Stephenson Harwood’s Funds Practice in London
International law firm Stephenson Harwood has appointed James Tinworth as a corporate partner in the firm’s funds practice in London.
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From Vol. 4 No.26 (Aug. 4, 2011)
Proskauer Adds Three Partners to Global Private Investment Funds Group in London
On July 28, 2011, Proskauer announced the expansion of its global Private Investment Funds Group and London office with the addition of Nigel van Zyl, Kate Simpson and Oliver Rochman as Partners. Mr. van Zyl and Mr. Rochman join the firm from SJ Berwin, and Ms. Simpson joins from Kirkland & Ellis.
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From Vol. 4 No.26 (Aug. 4, 2011)
Brian V.S. McKenna Joins Merlin Institutional Group as Partner
On August 1, 2011, Merlin Securities, a prime brokerage services and technology provider offering integrated solutions to the alternative investment industry, announced that it has hired Brian V.S. McKenna as a Partner in the Merlin Institutional Group. For more on Merlin Securities, see “Eight Refinements of the Traditional ‘2 and 20’ Hedge Fund Fee Structure That Can Powerfully Impact Manager Compensation and Investor Returns,” The Hedge Fund Law Report, Vol. 4, No. 17 (May 20, 2011).
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From Vol. 4 No.25 (Jul. 27, 2011)
Arthur Richardson Joins Prisma Capital Partners’ Risk Management Team
On July 19, 2011, Prisma Capital Partners announced that Arthur Richardson has joined the firm as risk manager. See “Girish Reddy, Founder of Prisma Capital Partners, Discusses Starting a Hedge Fund, the Future of the Hedge Fund Industry and Techniques for Conducting Due Diligence,” The Hedge Fund Law Report, Vol. 2, No. 3 (Jan. 21, 2009).
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From Vol. 4 No.25 (Jul. 27, 2011)
David Blass Named Chief Counsel in the SEC’s Division of Trading and Markets
On July 21, 2011, the Securities and Exchange Commission announced that David W. Blass has been named Chief Counsel and Associate Director for the SEC’s Division of Trading and Markets. The Division’s Office of Chief Counsel provides legal and policy advice to the Commission in establishing rules on matters affecting broker-dealers and the operation of the securities markets. The office also issues interpretations regarding matters arising under the Securities Exchange Act of 1934.
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From Vol. 4 No.25 (Jul. 27, 2011)
Carne Global Financial Services Adds John Ackerley as New Director on Cayman Islands Team
Carne Global Financial Services recently announced the appointment of John Ackerley as a Director with its Cayman Islands team. See “The Case In Favor of Non-Executive Directors of Offshore Hedge Funds with Investment Expertise, Fewer Directorships and Independence from the Manager,” Vol. 3, No. 50 (Dec. 29, 2010).
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From Vol. 4 No.24 (Jul. 14, 2011)
Christopher Holt Named Managing Director of the Global Absolute Return Congress
Christopher Holt, founder of AllAboutAlpha.com – an online strategic information service for the hedge fund industry, currently edited by industry veteran Kristin Fox – has been named managing director of the Global Absolute Return Congress, a network of pension funds, endowments, sovereign wealth funds and asset managers.
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From Vol. 4 No.24 (Jul. 14, 2011)
Matthew J. Rizzo Joins Sidley Austin LLP as Private Equity Partner in New York
On July 1, 2011, Sidley Austin LLP announced that Matthew J. Rizzo has joined the firm as a Partner, resident in New York. Rizzo will focus his practice on private equity, mergers and acquisitions and venture capital.
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From Vol. 4 No.23 (Jul. 8, 2011)
SEC Division of Investment Management Names Robert Plaze as Deputy Director and Diane Blizzard as Managing Executive
On July 1, 2011, the Securities and Exchange Commission announced that Robert E. Plaze has been named Deputy Director in the Division of Investment Management and Diane C. Blizzard has been named Managing Executive of the Division.
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From Vol. 4 No.22 (Jul. 1, 2011)
Ogier Cayman Appoints Counsel in Corporate and Investment Funds Practices
On June 27, 2011, Ogier Cayman announced the appointment of Colin Berryman to the role of Counsel in its corporate and investment funds practices. For more from Ogier Cayman, see “What Is the Legal Effect of a Side Letter That Contains Specific Terms More Favorable Than a Hedge Fund’s General Offering Documentation?,” The Hedge Fund Law Report, Vol. 4, No. 16 (May 13, 2011).
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From Vol. 4 No.21 (Jun. 23, 2011)
Man Group Announces Appointment of Co-Chief Operating Officers of U.S. Business and Expands Sales Coverage
On June 16, 2011, Man Group announced the appointment of Jordan Allen and Lance Donenberg as Co-Chief Operating officers of Man’s U.S. business.
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From Vol. 4 No.21 (Jun. 23, 2011)
Weil Establishes European Private Equity Fund Formation Group with Four New Partners
On June 13, 2011, Weil, Gotshal & Manges announced that private funds partners Ed Gander, Nick Benson, Nigel Clark and Jonathan Kandel have resigned from Clifford Chance and accepted an offer to join Weil’s London office to establish a fund formation group.
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From Vol. 4 No.20 (Jun. 17, 2011)
Larch Lane Advisors LLC Appoints David Katz as President and Chief Operating Officer
On June 14, 2011, investment advisory firm Larch Lane Advisors LLC announced the appointment of David Katz as President and Chief Operating Officer. The firm manages commingled funds and customized portfolios for clients in two distinct investment strategies: constructing diversified portfolios of hedge funds and negotiating and structuring seed investments in hedge funds. See “How to Structure Exit Provisions in Hedge Fund Seeding Arrangements,” The Hedge Fund Law Report, Vol. 3, No. 40 (Oct. 15, 2010). In a prior issue of The Hedge Fund Law Report, we published an interview with Stephen A. McShea, General Counsel & Chief Compliance Officer at Larch Lane, on preparing for and responding to SEC examinations. See “What Do Hedge Fund Managers Need to Know to Prepare For, Handle and Survive SEC Examinations? (Part Two of Three),” The Hedge Fund Law Report, Vol. 4, No. 5 (Feb. 10, 2011).
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From Vol. 4 No.20 (Jun. 17, 2011)
Seasoned ERISA Attorney Joins Boutique Investment Management Law Firm Budinger Hunt PC
On May 31, 2011, boutique investment management law firm Budinger Hunt PC announced that Anthony A. Dreyspool, a seasoned ERISA attorney, has joined the firm. See “Implications of the DOL’s Proposed Expanded Definition of ‘Fiduciary’ for Hedge Fund Managers, Placement Agents, Valuation Firms and Pension Consultants,” The Hedge Fund Law Report, Vol. 3, No. 43 (Nov. 5, 2010).
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From Vol. 4 No.20 (Jun. 17, 2011)
Jena Bjornson Joins Blue River Partners as a Managing Director
Blue River Partners, LLC recently announced the addition of Jena Bjornson as a Managing Director primarily responsible for the management of Blue River’s clients’ compliance programs.
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From Vol. 4 No.19 (Jun. 8, 2011)
Venor Capital Management Hires John Roth, Formerly of Harbinger Capital Partners, As Counsel and Chief Compliance Officer
On June 7, 2011, Venor Capital Management LP, an asset manager focusing on event-driven investing, announced that John H. Roth joined the firm as Counsel and Chief Compliance Officer, a newly created position.
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From Vol. 4 No.19 (Jun. 8, 2011)
Davis Polk Welcomes Leading Futures, Commodities and Derivatives Lawyer, Susan C. Ervin
On June 8, 2011, Davis Polk & Wardwell LLP announced that Susan C. Ervin, a leading futures, commodities and derivatives lawyer, is joining the firm as a partner in its Washington, D.C. office. Ervin's addition provides Davis Polk’s Financial Institutions Group with expanded expertise in futures, commodities and derivatives, including the soon-to-be regulated swaps market.
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From Vol. 4 No.19 (Jun. 8, 2011)
Castle Hall Alternatives Expands Its Operational Due Diligence Expertise with the Addition of Ben Sansoucy
On June 6, 2011, operational due diligence provider Castle Hall Alternatives announced that Ben Sansoucy has joined the firm’s senior management team. Castle Hall assists leading institutional investors, fund of funds, advisers, family offices and endowments in identifying and managing hedge fund operational risk.
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From Vol. 4 No.18 (Jun. 1, 2011)
David Goldstein and Gerald Rokoff Join DLA Piper in New York
On June 1, 2011, DLA Piper announced that David Goldstein and Gerald Rokoff, both formerly of White & Case LLP, have joined the firm as Partners in New York. Goldstein joins the firm’s global Finance Group and will lead the Investment Funds Practice. Rokoff joins the Tax Group. Goldstein has been quoted regularly in The Hedge Fund Law Report. See, e.g., “As Banks Close Prop Desks and Traders Move to Hedge Funds, Hedge Fund Managers Focus on Permissible Scope of Use of Confidential Information,” The Hedge Fund Law Report, Vol. 2, No. 18 (May 7, 2009); “Hedge Fund Managers Grapple with Legal and Practical Consequences of Demands from CalPERS, URS and Other Pension Funds for Better Investment Terms and Separate Accounts,” The Hedge Fund Law Report, Vol. 2, No. 14 (Apr. 9, 2009).
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From Vol. 4 No.18 (Jun. 1, 2011)
Katten’s UK Affiliate Welcomes New Hires from Allen & Overy
On May 31, 2011, Katten Muchin Rosenman LLP announced that financial services attorneys Carolyn Jackson and Nathaniel Lalone joined the firm’s UK affiliate, Katten Muchin Rosenman UK LLP, from Allen & Overy. See “Katten Muchin Rosenman Hosts Program on ‘Infected Hedge Funds’ Highlighting Rights and Remedies of Investors in Hedge Funds Whose Managers are Accused of Insider Trading or of Operating Ponzi Schemes,” The Hedge Fund Law Report, Vol. 3, No. 12 (Mar. 25, 2010).
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From Vol. 4 No.17 (May 20, 2011)
New York State Governor Cuomo Nominates Benjamin Lawsky to Head New York State Department of Financial Services
On May 16, 2011, New York State Governor Andrew Cuomo announced the nomination of Benjamin M. Lawsky for Superintendent of New York’s Department of Financial Services (DFS). The newly formed department was created by the Financial Services Law (FSL), which was enacted in April 2011. The new entity consolidates New York’s banking and insurance regulators into a unified financial regulator with the goal of creating a “more efficient, modern, and comprehensive regulator of the financial sector,” according to a release from the Governor’s office. The DFS is tasked with preventing fraud, regulating financial products and services and preventing state level regulatory arbitrage. See “First Department Decision May Give Aggrieved Hedge Fund Investors an Unexpected and Powerful Avenue of Redress,” The Hedge Fund Law Report, Vol. 4, No. 9, (Mar. 11, 2011).
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From Vol. 4 No.16 (May 13, 2011)
Former SEC General Counsel David M. Becker Rejoins Cleary Gottlieb
David M. Becker, the former top lawyer at the U.S. Securities and Exchange Commission, is returning to his prior job as Partner at Cleary Gottlieb Steen & Hamilton, LLP according to an announcement by the firm on May 9, 2011. See “Mark Cahn Named SEC General Counsel,” The Hedge Fund Law Report, Vol. 4, No. 5 (Feb. 10, 2011); “Certain Madoff Investors May Find Themselves in an Unusual Dual Role – As Potential Lawsuit Plaintiffs or SIPA Claimants, but also as Potential Clawback Defendants,” The Hedge Fund Law Report, Vol. 2, No. 9 (Mar. 4, 2009).
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From Vol. 4 No.15 (May 6, 2011)
Former SEC Prosecutor Christian R. Bartholomew Joins Weil, Gotshal & Manges
On May 3, 2011, Weil, Gotshal & Manges announced that Christian R. Bartholomew, a former senior prosecutor with the Securities and Exchange Commission (SEC), has joined the firm as a Partner in its Washington, DC office. Bartholomew will lead the firm’s SEC enforcement and litigation efforts in Washington.
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From Vol. 4 No.15 (May 6, 2011)
Guernsey Law Firm Babbé Hires Robert Varley
Guernsey law firm Babbé has appointed Robert Varley to its Corporate & Commercial and Funds teams. Varley was previously Managing Partner of the Walkers Dubai office.
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From Vol. 4 No.14 (Apr. 29, 2011)
Bob Contri Named Head of Deloitte’s Financial Services Industry Group
On April 25, 2011, Deloitte announced the appointment of Bob Contri as leader of its financial services industry group in the United States.
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From Vol. 4 No.13 (Apr. 21, 2011)
Cantor Fitzgerald & Co. Adds Equity Securities Lending Team Within Prime Services Group
On April 20, 2011, Cantor Fitzgerald & Co. announced the addition of a new Equity Securities Lending team within the Cantor Prime Services Group, with the hiring of Securities Lending veterans Allen Wolkow and Janah Angelou, who will co-manage the effort.
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From Vol. 4 No.13 (Apr. 21, 2011)
Julius Leiman-Carbia Named Head of SEC’s National Broker-Dealer Examination Program
On April 20, 2011, the Securities and Exchange Commission announced the appointment of Julius Leiman-Carbia as Associate Director to lead the National Broker-Dealer Examination Program in the SEC’s Office of Compliance Inspections and Examinations (OCIE). For more on SEC examinations of hedge fund managers, see Part 1, Part 2 and Part 3 of our three-part series on what hedge fund managers need to know to prepare for, handle and survive SEC examinations.
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From Vol. 4 No.12 (Apr. 11, 2011)
Sanjay Wadhwa Named Associate Regional Director for Enforcement in SEC’s New York Regional Office
On April 1, 2011, the SEC announced that Sanjay Wadhwa has been promoted to Associate Regional Director for Enforcement in the agency’s New York Regional Office.
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From Vol. 4 No.11 (Apr. 1, 2011)
KKR’s Treasurer and IR Head, Jonathan Levin, to Join Grosvenor Capital Management
Jonathan R. Levin will be leaving Kohlberg Kravis Roberts & Co. to join Grosvenor Capital Management, L.P., a Chicago alternative asset manager, as Senior Vice President, Strategy and Corporate Development, a newly-created position. Writing by Scott Lederman, Managing Director at Grosvenor, has been referenced in The Hedge Fund Law Report. See, e.g., “Is the In-House Marketing Department of a Hedge Fund Manager Required to Register as a Broker?,” The Hedge Fund Law Report, Vol. 4, No. 10 (Mar. 18, 2011).
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From Vol. 4 No.11 (Apr. 1, 2011)
SEC Names WilmerHale Partner Anne K. Small as Deputy General Counsel
On March 24, 2011, the SEC announced the appointment of Anne K. Small as Deputy General Counsel in the SEC’s Office of General Counsel. See also “Mark Cahn Named SEC General Counsel,” The Hedge Fund Law Report, Vol. 4, No. 5 (Feb. 10, 2011).
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From Vol. 4 No.9 (Mar. 11, 2011)
Mesirow Financial Consulting Welcomes FCIC Senior Investigator Thomas R. Borgers as Managing Director
On March 7, 2011, Mesirow Financial Consulting, LLC (MFC) announced that Thomas R. Borgers, former senior investigator of the Financial Crisis Inquiry Commission (FCIC) and contributor to The Financial Crisis Inquiry Report, has joined the firm as a managing director.
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From Vol. 4 No.9 (Mar. 11, 2011)
Michael Callahan to Focus on U.S. Institutional and Family Office Relationships as Part of Man Group’s North American Sales Team
On March 9, 2011, Man Group announced the addition of Michael Callahan, previously a Vice President at The Blackstone Group, to its North American Sales team. Callahan will focus on U.S. institutional and family office relationships. For more on family offices as hedge fund investors, see “Developments in Family Office Regulation: Part One,” The Hedge Fund Law Report, Vol. 3, No. 38 (Oct. 1, 2010); “2010 Developments in Family Office Regulation under Dodd Frank: Part Two,” The Hedge Fund Law Report, Vol. 3, No.42 (Oct. 29, 2010).
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From Vol. 4 No.8 (Mar. 4, 2011)
Walkers Appoints Paul Farrell as Head of Investment Funds Group in Dublin
International law firm Walkers recently announced the appointment of Partner Paul Farrell in its new Dublin office, where he will head up Walkers’ Investment Funds Group in Ireland.
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From Vol. 4 No.8 (Mar. 4, 2011)
Morris, Manning & Martin Expands Newly Launched Funds & Alternative Investments Practice with New Partner Addition
On February 23, 2011, Morris, Manning & Martin, LLP announced the expansion of its Funds & Alternative Investments Practice with the addition of Margaret R. A. Paradis as Partner.
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From Vol. 4 No.8 (Mar. 4, 2011)
Jay Baris Joins Morrison & Foerster as Head of the Firm’s Investment Management Practice
On March 1, 2011, Morrison & Foerster LLP announced that Jay Baris joined the firm as a Partner in its New York office and will lead the firm’s Investment Management practice.
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From Vol. 4 No.7 (Feb. 25, 2011)
Sean McKessy Named Head of SEC Whistleblower Office
On February 18, 2011, the Securities and Exchange Commission (SEC) announced that Sean McKessy will oversee the new Whistleblower Office in the SEC’s Division of Enforcement. The Office will consolidate existing resources to administer the whistleblower provisions mandated by the Dodd-Frank Act.
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From Vol. 4 No.7 (Feb. 25, 2011)
HedgeMark Names George Arnett, III as Executive Vice President and General Counsel
On February 8, 2011, managed accounts platform provider HedgeMark International, LLC announced that George “Tres” Arnett, III has joined the company as Executive Vice President and General Counsel.
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From Vol. 4 No.6 (Feb. 18, 2011)
Ogier Cayman Announces Promotions in Litigation and Fiduciary Services
On February 8, 2011, Ogier Cayman announced promotions in its litigation and fiduciary services practices.
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From Vol. 4 No.6 (Feb. 18, 2011)
FDIC Appoints General Counsel and Key Leadership Staff for Newly Established Office of Complex Financial Institutions and Division of Consumer Protection
Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair recently announced the appointment of Michael H. Krimminger as the agency's new General Counsel. In addition, on February 11, the FDIC announced the hiring of additional key leadership staff for newly established organizations: Jason C. Cave and Mary Patricia Azevedo for the Office of Complex Financial Institutions (CFI) and Sylvia H. Plunkett, Jonathan N. Miller and Keith S. Ernst for the Division of Depositor and Consumer Protection (DCP).
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From Vol. 4 No.5 (Feb. 10, 2011)
K&L Gates Adds Leading Hedge Fund Attorney Martin Cornish to its Financial Services Practice in London
On February 7, 2011, law firm K&L Gates LLP announced the addition of Martin Cornish as a Partner in the Financial Services Practice in the firm’s London office. Cornish joins K&L Gates from Katten Muchin Rosenman Cornish LLP, where he served as Managing Partner.
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From Vol. 4 No.5 (Feb. 10, 2011)
Mark Cahn Named SEC General Counsel
On February 4, 2011, the Securities and Exchange Commission announced the promotion of Mark D. Cahn to General Counsel in its Office of the General Counsel. He will assume his new role when David M. Becker steps down from the position later this month.
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From Vol. 4 No.4 (Feb. 3, 2011)
Askari Foy Named Associate Regional Director for Examinations in SEC’s Atlanta Regional Office
On January 27, 2011, the Securities and Exchange Commission announced the promotion of Askari Foy to Associate Regional Director for Examinations in the agency’s Atlanta Regional Office. For recent coverage of an SEC complaint filed in federal district court in Atlanta, see “Thirteen Important Due Diligence Lessons for Hedge Fund Investors Arising Out Of the SEC’s Recent Action against a Fund of Funds Manager Alleging Misuse of Fund Assets,” The Hedge Fund Law Report, Vol. 4, No. 3 (Jan. 21, 2011). For more on examinations, see “What Do Hedge Fund Managers Need to Know to Prepare For, Handle and Survive SEC Examinations? (Part One of Three),” above, in this issue of The Hedge Fund Law Report.
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From Vol. 4 No.4 (Feb. 3, 2011)
Alternative Investment Secondaries Specialist Jeff Bollerman Joins Houlihan Lokey’s Secondary Advisory Group in New York
On February 2, 2011, international investment bank Houlihan Lokey announced that Jeff Bollerman joined the firm’s Secondary Advisory Group to support transaction execution and business development in an area that continues to thrive in current market conditions. For more on secondary market transactions in the hedge fund context, see “Valuation and Confidentiality Concerns in Secondary Market Trading of Hedge Fund Interests,” The Hedge Fund Law Report, Vol. 1, No. 27 (Dec. 9, 2008).
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From Vol. 4 No.4 (Feb. 3, 2011)
Man Group Names Former BlackRock Executive as Head of U.S. Consultant Relations
On January 27, 2011, Man Group announced that it hired Miriam Tai as Head of U.S. Consultant Relations. For more on consultants, see “Implications of the DOL’s Proposed Expanded Definition of ‘Fiduciary’ for Hedge Fund Managers, Placement Agents, Valuation Firms and Pension Consultants,” The Hedge Fund Law Report, Vol. 3, No. 43 (Nov. 5, 2010). For more on pension funds, see “CalPERS Special Review Foreshadows Seismic Shift in Business Arrangements among Public Pension Funds, Hedge Fund Managers and Placement Agents,” The Hedge Fund Law Report, Vol. 4, No. 1 (Jan. 7, 2011).
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From Vol. 4 No.4 (Feb. 3, 2011)
Hedge Fund Manager Finisterre Capital Appoints Ursula Newman as General Counsel
On January 31, 2011, emerging markets debt specialist Finisterre Capital announced that it appointed Ursula Newman as general counsel.
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From Vol. 4 No.3 (Jan. 21, 2011)
SEC Names Eileen Rominger as Director of Division of Investment Management
On January 18, 2011, the Securities and Exchange Commission announced that Eileen Rominger has been named Director of the Division of Investment Management. Rominger will begin her work at the agency in February 2011.
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From Vol. 4 No.2 (Jan. 14, 2011)
David Sieradzki and David Spotts Join Bracewell & Giuliani’s Broker-Dealer Group
Bracewell & Giuliani LLP recently announced that David S. Sieradzki, formerly a Senior Associate at Milbank, Tweed, Hadley & McCloy, has joined its Washington, D.C. office as a Partner in the broker-dealer and market regulation group. David A. Spotts, formerly of Global Markets Consulting, also joined the group as Counsel in the firm’s Connecticut and New York offices.
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From Vol. 4 No.2 (Jan. 14, 2011)
Peter Seuffert Appointed Managing Director of Amber Partners (USA) Inc.
On January 5, 2011, Amber Partners, an independent operational risk certification firm focused on the hedge fund industry, announced that Peter Seuffert has joined the firm as a Managing Director. For more on Amber, see "New Insurance Products Promise to Protect Investors From Hedge Fund Fraud," The Hedge Fund Law Report, Vol. 1, No. 16 (Jul. 22, 2008).
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From Vol. 3 No.49 (Dec. 17, 2010)
FRM Hires George Yepes to Head North American Business Development
On December 14, 2010, Financial Risk Management (FRM), a global hedge fund investment specialist with offices in Europe, Asia, North America and Australia, announced that it had hired George Yepes as Managing Director, Head of North American Business Development.
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From Vol. 3 No.49 (Dec. 17, 2010)
Highbridge Capital Management Appoints Mark D’Andrea as Head of Global Institutional Business Development
On December 9, 2010, Highbridge Capital Management announced that Mark D’Andrea will join the firm as Head of Global Institutional Business Development, effective January 3, 2011.
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From Vol. 3 No.48 (Dec. 10, 2010)
Dewey & LeBoeuf Hires Financial Regulation Expert Robert Finney to Head London Team
On November 11, 2010, Dewey & LeBoeuf hired Robert Finney as a Financial Regulation Partner to lead and expand its provision of regulatory advice to financial institution clients across Europe, the Middle East and Africa.
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From Vol. 3 No.48 (Dec. 10, 2010)
Eric R. Dinallo, Former New York State Superintendent of Insurance, Joins Debevoise
Debevoise announced on December 6, 2010 that Eric R. Dinallo, former New York State Superintendent of Insurance, has joined the firm as a Partner in the firm’s New York office and a member of the Financial Institutions Group. For past HFLR articles referencing Dinallo, see “Regulating Credit Default Swaps as Insurance: Gone, But Not Forgotten,” The Hedge Fund Law Report, Vol. 1, No. 27 (Dec. 9, 2008) (noting that Dinallo was reportedly among the first supervisors to push for regulation of the derivatives markets); “New York Insurance Regulator Suggests that Core Credit Default Swaps Might be Ripe for Regulation as Insurance Contracts,” The Hedge Fund Law Report, Vol. 1, No. 11 (May 13, 2008); “Do Credit Defaults Swaps Need to be Regulated as Insurance?,” The Hedge Fund Law Report, Vol. 1, No. 13 (May 30, 2008).
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From Vol. 3 No.47 (Dec. 3, 2010)
Dechert Adds Dr. Wolfgang Kissner to its Financial Services and Investment Management Group in Munich
Dechert, LLP has added Dr. Wolfgang Kissner to its financial services and investment management group as a national partner in Munich. Kissner advises both German and international clients on capital markets, private funds, banking and structured finance matters, including on the tax and regulatory aspects of deals.
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From Vol. 3 No.47 (Dec. 3, 2010)
Financial Services Partner Grace Sucaldito Joins Grant Thornton LLP’s San Francisco Office
On December 2, 2010, Grant Thorton LLP announced that Grace Sucaldito joined its San Francisco office as Financial Services Audit Partner. She specializes in real estate investment trusts and investment partnerships, including hedge funds and private equity funds.
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