Investment Funds - UK-wide
Basic facts about the department
- 11 partners
- 34 other qualified lawyers
What the team is known for Renowned for its technical ability across the hedge funds industry. Operates effectively at both ends of the market, lately assisting numerous start-ups, as well as large and established fund managers, with formation and capital raising matters.
Strengths (Quotes mainly from clients)
Industry knowledge: "They have an overview of market practices and vast experience of all the cases. I like the way they work - professional, systematic, precise, and they stick to deadlines."
Bench strength: "They stand out. Great firm and huge team strength."
Work highlights Advised Deutsche Bank on its structured UCITs platforms, involving ETFs and index-based strategies.
Acted for BlueBay Asset Management on the launch of three hedge funds domiciled in the Cayman Islands.
Iain Cullen is "extremely good. He has bags of experience, is technically very strong, has very in-depth knowledge of the industry and is able to add considerable value." Of late, he has been active on numerous hedge fund launches for clients including Armajaro Asset Management, Winton Capital Management and Vinci Zafferano. One interviewee adds that he is "one of the top lawyers in this field in London."
Richard Perry has considerable hedge funds experience and was lately mandated by GSA Capital Partners to set up a quantitative futures fund. Sources see him as "very impressive" with "a very good market overview and very detailed funds experience."
Neil Simmonds' remit is open-ended funds and hedge funds and he has particular expertise in UCITs funds, lately leading the team providing advice to Deutsche Bank on its UCITs platforms.
Clients find David Williams "particularly helpful and creative," when handling complex matters. He offers a "responsive, quick and accurate" approach and is particularly recognised for his work on real estate funds. Recently, he has been working closely with Lanebridge Investment Management on various issues impacting existing funds as well as potential new projects.
Dale Gabbert recently joined the team from Reed Smith LLP. Whilst at his previous firm, he advised Bunge Investment Management on the post-acquisition restructuring of Climate Change Capital. He is "considered, commercial and very good in conflict situations. His oversight and creative input on matters has, at times, been invaluable," according to one client.
Significant clients Brevan Howard, First State Investments, Natixis Asset Management, Schroders, Tudor Capital Europe.