The recent outbreak of the coronavirus across the world – and in the New York City area, home to many hedge fund managers – is a critical reminder that fund managers must develop contingency plans to handle the inevitable disruptions caused by the outbreak. A recent Schulte Roth & Zabel webinar provided a detailed overview of the challenges associated with the coronavirus outbreak, including satisfying fiduciary and regulatory obligations, business continuity planning, remote operations, cybersecurity, disclosures and other business issues. The webinar featured Schulte partner Brian T. Daly and special counsel Kelly Koscuiszka. This article discusses the key takeaways from their presentation. See our two-part series on the key elements of hedge fund adviser contingency planning: “Business Continuity Plans” (Feb. 17, 2010); and “Disaster Recovery Plans” (Feb. 25, 2010).