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Katten

575 MADISON AVENUE, NEW YORK, NY 10022-2585, USA
Tel:
Work +1 212 940 8800
Fax:
Fax +1 212 940 8776
Email:
Web:
Katten.com

Henry Bregstein

Tel:
Work 1.212.940.6615
Email:
Web:
www.kattenlaw.com/Henry-Bregstein
Katten

Work Department

Financial Services

Position

Henry Bregstein is the global co-chair of the firm's Financial Services practice and a member of the firm's Board of Directors. In his role as partner in the Financial Services practice, he advises alternative investment managers, hedge funds, private equity funds, family offices, sovereign wealth funds and investment advisers, as well as banks, broker-dealers (including online third-party marketers), and life and other insurance companies in multiple jurisdictions on regulatory, securities, commodities, tax, insurance, finance, licensing, corporate and other legal matters.

Henry provides guidance on fund formation and regulatory compliance and advice related to all types of alternative investment funds and accounts, including hedge funds, private equity funds, insurance-dedicated funds (including bank-owned, insurance company-owned and corporate-owned life insurance (BOLI, IOLI, COLI)), tax efficient funds, funds of funds and managed account platforms. In this capacity, he counsels clients on the structure and documentation of alternative investment derivative and other over-the-counter derivative products, as well as hedge fund lending transactions, subscription finance, prime broker leverage and various insurance-related products. Henry regularly assists his clients with regulatory matters, such as responding to US Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) requests.

Henry's evolving practice also includes regulatory enforcement and litigation matters. He represents market participants in regulatory investigations and counsels clients on a variety of compliance concerns. He represents clients and their associated persons before the SEC and the Commodity Futures Trading Commission (CFTC) and other regulators and self-regulatory organizations in investigations and enforcement proceedings.

Henry provides organizational and investment counsel to investment advisers, introducers and broker-dealers relating to due diligence, risk assessment and controls, fee arrangements, structured and other types of agreements, strategic investments and structuring joint ventures. Henry also advises on matters concerning the transfer, utilization and licensing of intellectual property by broker-dealers and investment advisers. In his private equity transactions, securities and general corporate practices, he focuses on private offerings of debt and equity, joint venture agreements, commercial lending and acquisitions of subsidiaries, structuring of private equity transactions and investments for operating companies.

Henry is frequently mentioned in the media and lauded by clients and colleagues alike for his work representing fund clients. He has been recognized by a number of hedge fund and investment industry rankings and publications, including Chambers Global 2015, where clients commented that he has "a wealth of experience in hedge fund matters," and in the 2014 edition of Chambers USA, which describes him as "one of the smartest lawyers in the business." Henry was also recognized by The Legal 500 as a Leading Individual for Investment Funds. Additionally, he was named the "Distinguished Business Law Practitioner in Residence" at Widener University Commonwealth Law School and serves on the advisory board of Mercury iFunds™.

Largely considered an innovator in his field, Henry holds two patents and has one patent application pending. He was granted a patent for a multi-level leverage account structure, allowing multiple classes of investors with differing leverage objectives to establish an investment structure that takes advantage of both the master-feeder structure and the reverse master feeder structure with segregated accounts in the same master fund. Henry's pending patent application involves a tax-deferred fund in which investors can obtain exposure to variable annuities and life insurance policies in a hedge fund structure with income tax deferment or elimination.

Member

Mr. Bregstein is a member of the following organizations: New York State Bar Association, New York City Bar Association and the NYCBA Committee on Commodities and Futures Law.

Education

JD, Benjamin N. Cardozo School of Law, magna cum laude, 1993; BA, University of Pennsylvania, 1970


United States: Finance

Financial services regulation

Within: Financial services regulation

Combining 'the highest-caliber legal intelligence with carefulness and cross-sectional business knowledge', Katten provides 'user-friendly, responsive and commercial advice' to clients on both the buy and sell side. A particular strength of the firm is its 'broad knowledge of derivatives law', where clients appreciate its ability to provide 'practical, real-world advice' on the regulatory issues impacting exchange-traded and OTC derivatives across all asset classes and transaction types. Working alongside the firm's London office, New York-based of counsel Guy Dempsey is assisting ICBC Standard Bank on all aspects of commencing a new swap business and registering as a swap dealer with the Commodity Futures Trading Commission (CFTC). Chicago-based practice co-head Lance Zinman has an excellent understanding of the regulatory regimes underpinning activity undertaken by hedge funds and proprietary trading firms. Alongside New York-based Allison Yacker, he recently advised Waterfall Asset Management on the creation of a fund structure that facilitates investment by non-US persons in assets that generate income effectively connected to a US trade or business. Wendy Cohen is recognized as a 'standout practitioner' for broker-dealer matters and is a key member of the team, as are 'rock star' Henry Bregstein and Arthur Hahn, who also co-head the team from New York and Chicago, respectively. Other clients include Royal Bank of Canada, UBS and Futures Industry Association.

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United States: Investment fund formation and management

Alternative/hedge funds

Within: Alternative/hedge funds

Fund formation mandates form the backbone of Katten's workload, however the team also has a strong reputation in the market for advising on quant funds and manager M&A deals. Lance Zinman and Allison Yacker advise Waterfall Asset Management on regulatory matters, fund formation, structuring and investment deals, while of counsel Fred Santo and Wendy Cohen assist Welton Investment Partners with fund restructuring matters. Other clients include AQR Capital Management and Burford Capital. Zinman and Henry Bregstein jointly lead the practice. Other than Zinman in Chicago, named lawyers are based in New York.

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