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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In the United Kingdon, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for eight years. These partners are highlighted below and throughout the editorial.
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United Kingdom > London > Investment fund formation and management > Hedge funds > Law firm and leading lawyer rankings

Editorial

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Index of tables

  1. Hedge funds
  2. Leading individuals
  3. Next generation lawyers

Next generation lawyers

  1. 1

Who Represents Who

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Schulte Roth & Zabel International LLP handles a range of hedge fund launches, many of which using traditional Cayman Island structures, and also advises fund managers on spin-outs and on day-to-day operational issues. Christopher Hilditch, who 'is prepared to offer practical solutions to issues rather than just stating the law', advised Cantab Capital Partners on forming a new master-feeder hedge fund, the client's first since its acquisition by GAM in 2016, and separately advised Orchard Global Asset Management on creating a new structure with Cayman and Delaware feeders. Josh Dambacher advised Cevian Capital on a capital-raising, including negotiating side letters with sovereign wealth funds, and separately advised Lancaster Investment Management on the launch of a new structure to be managed by a team led by a new hire from Greenlight Capital. Cathy Weist is also recommended, as are Nick Fagge and Anna Maleva-Otto, for tax and regulatory issues respectively. Other clients include Marshall Wace, which the team advised on launching several sub-funds to its Irish and Delaware funds, and Securis Investment Partners, which the team advised on a hurricane-related risk insurance fund. Also in the insurance space, Hilditch also advised Credit Suisse ILS on structuring a hybrid fund, structured as a segregated portfolio of a Cayman company, investing in reinsurance in the wake of Hurricanes Harvey, Irma and Jose.

Simmons & Simmons handles a range of heavyweight hedge fund work for a large number of Europe's leading names in the sector. Iain Cullen  is 'a go-to individual in the UK hedge fund space; he is a formidable lawyer who always brings a strong analytical process to novel problems, and backs it up with huge experience and document knowledge'. Cullen advised Brevan Howard Capital Management on the launch of a fund with Cayman and Delaware feeders to be managed in Jersey, using both an ERISA hard-wired structure and a 1-or-30 fee structure. Lucian Firth and Richard Perry advised longstanding client Schroder Investment Managemen on creating Schroder Securitized Credit Fund, which has one of its feeder funds domiciled in Bermuda. Devarshi Saksena  advises AHL Partners, which is part of Man Group, on MiFID 2 research unbundling issues. In the fund-of-funds space, Dale Gabbert advised UBS on creating an Irish umbrella fund to provide its clients access to various hedge funds. Perry advised Janus-Henderson on a restructuring of numerous funds to ensure MiFID compliance. Other clients include GSA Capital, which Perry advised on structuring a fund-of-one for an Australian retirement plan.

Akin Gump Strauss Hauer & Feld provides 'a very high level of service that compares very well to all other firms on quality'. The practice acts for established and new managers on a range of strategies ranging form emerging markets through to quant funds. Tim Pearce is 'an excellent lawyer who is very commercial and experienced'. Ian Meade is also a key contact. Clients include Cramer Rosenthal McGlynn, East Lodge Capital Management, India Capital Management and Steinberg Asset Management.

Dechert LLP handles a range of hedge fund work for a mixture of managers, many of which involving structures domiciled in the European Union. Mikhaelle Schiappacasse, who was promoted to partner at the start of 2018, and Abigail Bell  also handle work for notable managers, some of which involving Irish structures. Christopher Gardner and senior associate Gemma Long  are recommended for their 'quality of service and advice'. Clients include Gemcorp Capital, Sloane Robinson and Cheyne Capital, as well as new spin-out managers such as Whitecroft Capital Management plus heavyweight limited partners. Peter Astleford has retired.

Fried, Frank, Harris, Shriver & Jacobson (London) LLP  is 'a go-to firm for complex, high-value investments' and, for some, 'one of the best quality and most efficient firms'. The team handles fund formation and regulatory work for leading names in the business, advise on significant investments in hedge funds. David Selden is 'an utter star - he has extremely deep substantive experience, combined with an easy demeanour that makes negotiating the most potentially contentious points relatively easy; he doesn't try to show off but instead makes sure that clients get what they need in the most efficient way'. Clients include Goldman Sachs and BlackRock Investment Management, as well as leading European and North American institutional investors.

Arnold & Porter is 'a small team, but one with a firm grip on the regulatory drivers impacting on the asset management and funds sector'. Simon Firth is 'an experienced lawyer who focuses on the core of issues and gives clear guidance on the requisite approach' - he advises IPM Informed Portfolio Management, and in 2017 advised it on adding a Delaware feeder to its Systemtaic Macro Fund while securing it Qualified Professional Asset Manager status in the US for ERISA purposes, and separately advised MFW-Multi Family Wealth on MiFID 2 compliance. Other highlights concern fund manager restructuring and advise to US managers on European regulation.

Macfarlanes LLP is 'a very good alternative to the established players'. The 'very engaged' Sam Brooks, who was elected to the partnership in May 2018, has a track record of acting for clients including Brummer & Partners, Hayfin Capital, Springs Capital and Palmerston Capital. Michelle Kirschner contributes regulatory expertise. Simon Thomas, who previously led the practice, is now at Osborne Clarke LLP.

At Shearman & Sterling LLP, John Adams advised TT International on updates to its Cayman and BVI-domiciled funds required due to MIFID II, and advised SkyBridge Capital on changes to European regulations, as well as on the European regulatory aspects of its aborted sale to HNA. The firm also advised Attestor Value Master Fund on management restructuring in Ireland, and Prosperity Capital on updating the offering documents of its hedge fund, and listing one of them in Ireland. Other clients include sovereign wealth funds.

Stephenson Harwood provides 'an overall excellent level of service'. Practice head James Tinworth  'thinks in a way that really adapts to each case, providing customised service that takes into account the broader commercial context' - he acted as European counsel on the launch of Atmosphere Capital and Atmosphere Energy Fund, including negotiating the shareholders agreement as well as handling EU regulation - he also advised Profision Shipping Capital Management on creating a Cayman-domiciled fund investing in forward freight agreements. Other highlights concern new manager spin-outs. Ravel Capital Management is another key client.

Linklaters LLP 's 'hedge fund team is very responsive and targeted to clients' product lines - it can advise on the full range of funds issues, with a practice depth covering closed-ended LP-GP structures and investment trusts'. Matthew Keogh 'can handle anything you throw at him' - he and counsel Rahul Manvatkar advise Deutsche Bank's global investment solution teams on various hedge fund matters, including on relationships with managers using its Irish-domiciled platform. Jonathan de Lance-Holmes, who also has experience of advising quant funds, advised Brevan Howard Capital Management on making a minority investment into another asset management business. Other clients include Morgan Stanley.

At Locke Lord LLP , Sean Donovan-Smith - who joined the firm from K&L Gates LLP in 2017 - advised Coppin Collings on launching a new sub-fund operating a quant-based currency strategy for Swedish manager FX International. He also advised Red Fort Partnership, a Guernsey-based manager which invests in the mining industry in Africa, on upgrades to its offering documents to facilitate fundraising in Japan, the US and Australia.

At Pillsbury Winthrop Shaw Pittman LLP, Samuel Pearse advises Swiss manager Teleios Capital Partners on a range of regulatory matters, including the Swiss manger's fundraising activity in the EEA. He also advises Coleman Street Management. Pearse and James Campbell separately act for CrossBorder Capital. Other clients include Asia Alternatives. Ashmi Bhagani , who joined from Sullivan & Cromwell LLP in 2017, was subsequently promoted to counsel.

Reed Smith LLP 's 'very dedicated and focussed team provides a fantastic level of service'. The 'excellent' Panos Katsambas  is a key contact - his work includes a significant portfolio of shipping fund work. Winston Penhall handles work concerning CLO funds.

At Watson Brady LLP , name partner Mark Brady advised the creators of new manager Perimeta Partners. Other clients include British retirement investors, Bridgewood Investment Management (which the firm advised on creating a new managed account) and Tyler Capital.

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