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Simmons & Simmons

CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9SS, ENGLAND
Tel:
Work +44 20 7628 2020
Fax:
Fax +44 20 7628 2070
DX:
12 LONDON CHANCERY
Email:
Web:
www.simmons-simmons.com

Iain Cullen

Tel:
Work 020 7825 4422
Email:
Simmons & Simmons

Position

Iain is in the financial services group within the London financial markets department. Specialising in investment funds, Iain focuses particularly on structuring hedge funds and advising hedge fund managers. He has advised on the establishment of some of the largest and best known UK hedge fund managers, including Brevan Howard, BlueCrest, Lansdowne, Marshall Wace and Egerton.

Career

Qualified 1980; partner 1986; (honorary) general counsel of the Alternative Investment Management Association (the global not-for-profit trade association for the hedge fund industry) since its foundation in 1990; co-chairman of the Commodities, Futures and Options Committee of the section on business law of the International Bar Association 1991-95; co-editor of ‘Hedge Funds: Law and Regulation’ (Sweet & Maxwell 2001); recently closely involved in commenting on the EU Directive on Alternative Investment Fund Managers; advisory board of World Securities Law Report; editorial board of Futures and Derivatives Law Report.


London: Investment fund formation and management

Hedge funds

Within: Leading individuals

Iain Cullen - Simmons & Simmons

Within: Hedge funds

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.

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Legal Developments by:
Simmons & Simmons

  • Failure to counter financial crime: Norwich Union Life

    In December 2007, the Financial Services Authority (FSA) imposed a fine of £1.26m on Norwich Union Life (part of the Aviva Group), one of the largest life insurance businesses in the UK with around seven million customers. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. The fine is the latest confirmation of the emphasis being placed on protecting clients and customers from the threat of financial crime.
    - Simmons & Simmons

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