Two Recent Matters Suggest That Law Firms Should Stick to Practicing Law Rather Than Trying to Intermediate Hedge Fund Investments

From time to time, business-minded hedge fund lawyers look at their client bases and networks and say to themselves: “I know a lot of hedge funds managers looking for investors and a lot of institutions looking to invest in hedge funds.  Wouldn’t I be helping everybody – myself included – if I connected those hedge fund managers and investors?”  Two recent matters answer this question with a resounding “no.”  This article describes the two matters, and their application to law firms with hedge fund manager or investor clients.

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