Fund managers have faced enormous challenges in 2020 due to the onslaught of the coronavirus pandemic, unprecedented market volatility, the remote work environment and social disruption arising out of growing awareness of racial injustice in the U.S. A recent webinar
conducted by the Hedge Fund Law Report and the Private Equity Law Report explored how those seismic events have affected staffing and compensation in fund managers’ legal and compliance departments; ways managers are preparing for life after the pandemic; and managers’ approaches to growing calls for greater diversity and inclusion in employment. William V. de Cordova, Editor-in-Chief of the Hedge Fund Law Report and the Private Equity Law Report, moderated the discussion, which featured David Claypoole, founder and president of Claypoole Executive Search; Jennifer J. Pearson, head of human resources and employment counsel at Deerfield Management; and Julie Siegel, executive managing director, chief administrative officer and deputy chief legal officer at Sculptor Capital. This article distills the key takeaways from the program. For coverage of Claypoole’s studies of in-house compensation at fund managers, see our two-part series: “How Have Industry Developments Affected the Value of Legal and Compliance Staff?
” (Feb. 2, 2017); and “Will Industry Deregulation Affect the Value of Legal and Compliance Staff?
” (Feb. 16, 2017); as well as our two-part series: “What Is the Value of Legal and Compliance Staff?
” (Mar. 12, 2015); and “Trends in Legal and Compliance Hiring and Staffing
” (Mar. 19, 2015).