NEW YORK--(EON: Enhanced Online News)--Schulte Roth & Zabel LLP ("SRZ") attorneys have written a comprehensive new book on hedge funds for both fund sponsors and investors. Hedge Funds: Formation, Operation and Regulation, published by ALM's Law Journal Press, is an up-to-date and forward-looking guide that clearly and fully explains the complete spectrum of hedge fund investment structuring, operations and regulation.
“Today's hedge funds operate in a dramatically different environment than in the past”
The treatise is authored by partners at SRZ, the preeminent multidisciplinary law firm in the alternative investment space, with more than forty years of experience providing legal services to hedge funds. Maintaining the largest hedge fund practice of any law firm, SRZ represents nearly half of the 100 largest hedge funds and over 3,000 investment funds.
Offering an unparalleled understanding of the legal and operational aspects of the hedge fund industry, the SRZ authors represent a broad range of practices including investment management, finance, regulatory & compliance, structured finance, securities, litigation, M&A, employment and tax. SRZ partners Stephanie R. Breslow, David J. Efron, Marc E. Elovitz, Steven J. Fredman, David Nissenbaum and Paul N. Roth led the project and co-authored the book, along with dozens of firm colleagues from various practice groups.
"Today's hedge funds operate in a dramatically different environment than in the past," said Ms. Breslow, co-head of the firm's investment management group and a member of the firm's executive committee. "Due to the ever-evolving regulatory structure, a new framework has developed resulting in greater legal, regulatory and compliance issues."
Mr. Fredman, co-head of the firm's investment management group, added, "Hedge fund managers are increasingly more sophisticated, dedicating more resources to risk management, and are interested in adhering to best practices in the formation and operation of their funds."
Government oversight and regulation, in the United States and globally, has grown significantly with the implementation and proposal of key regulatory reforms and enforcement initiatives including the Dodd-Frank Wall Street Reform and Consumer Protection Act, JOBS Act, Volcker Rule implementation, and various SEC and CFTC rules.
"With the industry continuing to mature and the regulatory framework in which hedge funds operate intensifying, this book is especially timely, offering valuable knowledge for any hedge fund market participant," said Mr. Roth, founding partner of the firm and chair of the investment management group.
"This all-encompassing book draws upon the knowledge and expertise of a wide range of SRZ practice groups, all of whom have extensive experience with hedge funds. The teamwork that went into publishing this book speaks to the firm's multidisciplinary approach to matters with the goal of achieving the best results for our clients," commented Alan S. Waldenberg, chair of the firm's executive committee and chair of the tax group.
Specific topics covered by the book include hedge fund investment strategies and the structuring of a hedge fund management company; domestic and off-shore hedge fund structures and tax considerations; terms, fees and related considerations; regulatory requirements and fiduciary obligations of investment advisors; and fund documentation, including marketing materials, offering memoranda and governing documents.
Additional authors include investment management partners Ida Wurczinger Draim, Jennifer Dunn, Kenneth S. Gerstein, Christopher Hilditch, Daniel F. Hunter and Jason S. Kaplan; employment & employee benefits partners David M. Cohen and Holly H. Weiss; finance partners Nancy R. Finkelstein, Lawrence S. Goldberg and Daniel V. Oshinsky; M&A partner Peter Jonathan Halasz; structured products & derivatives partners Craig Stein and Joseph Suh; and tax partners Philippe Benedict and Shlomo C. Twerski. The authors also received significant contributions from bank regulatory partner Joseph P. Vitale; litigation of counsel Betty Santangelo; special counsels Brad L. Caswell, David S. Griffel and Neil Robson; and associates Robert D. Blumenfeld, Pamela Poland Chen, Philip Cooke, Jaimie C. Davis, Lauren DeMasi, Patrick Dundas, Jamie M. Horowitz, Stephanie K. Lyerly, Benjamin A. Newman, Jacob Preiserowicz, S. Beverly Prewitt, Naama Rosen, Katherine A. Sunderland, Adam J. Tarkan and David Wermuth.
To order a copy of Hedge Funds: Formation, Operation and Regulation, please visit http://www.lawcatalog.com/ProductDetail/17993/Hedge-Funds-Formation-Operation-and-Regulation
About Schulte Roth & Zabel LLP
Schulte Roth & Zabel LLP (www.srz.com) is a full-service law firm with offices in New York, Washington, D.C. and London. As one of the leading law firms serving the financial services industry, the firm regularly advises clients on corporate and transactional matters, as well as providing counsel on regulatory, compliance, enforcement and investigative issues. The firm's practices include investment management; securities & capital markets; litigation; employment & employee benefits; business reorganization; environmental; finance; individual client services; intellectual property, sourcing & technology; M&A real estate; regulatory & compliance; structured products & derivatives; and tax.