Although the U.S. Department of Labor’s (DOL) new Fiduciary Duty Rule is set to become effective on April 10, 2017, President Trump has taken action that may delay and possibly prevent the rule from becoming effective. On Feb. 3, 2017, President Trump signed a presidential memorandum that directs the secretary of the DOL to reanalyze
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Schulte Investment Management Partners Discuss Fund Agreements Between LPs and GPs with Private Funds Management
By Stephanie R. Breslow & Omoz Osayimwese on
Posted in Uncategorized
In a recent interview with Private Funds Management, partners Stephanie Breslow, Omoz Osayimwese, Phyllis Schwartz and Joseph Smith discuss fund agreements between LPs and GPs, which are under constant scrutiny. The partners discuss recent changes, co-investment rights and key terms that are crucial in the current market.
Click here to read the interview.
Schulte Roth Partners Discuss Hedge Fund Seeding
By David J. Efron & David Nissenbaum on
Posted in Uncategorized
Hedge fund seeding brings with it a variety of structures and arrangements, as there is not a one-size-fits-all system for seed deals. Though hedge fund seeding remains an active component of the start-up market and an important part of the business, it may not be as critical to launching as it was a few years…
Succession Planning with SRZ’s Leading Fund Formation Group
Posted in Uncategorized
Hedge fund managers are thinking about succession planning earlier on than they used to, and they want to have clear plans in place as part of the drive to become more institutionally palatable — and sometimes to help facilitate strategic deals.
Click here to read this article, in which The Hedge Fund Journal talks to…
Succession Planning with SRZ’s Leading Fund Formation Group
Posted in Uncategorized
Hedge fund managers are thinking about succession planning earlier on than they used to, and they want to have clear plans in place as part of the drive to become more institutionally palatable — and sometimes to help facilitate strategic deals.
Click here to read this article, in which The Hedge Fund Journal talks to…
Co-Investments with SRZ’s Leading Fund Formation Group
Posted in Uncategorized
A variety of hedge fund strategies invite investors to participate in co-investments, which are becoming popular partly by default because side pockets are less acceptable.
Click here to read this article, in which The Hedge Fund Journal talks to SRZ partners Stephanie R. Breslow, David J. Efron, Steven J. Fredman, Daniel F.
SRZ Insights: Protecting Your Firm’s Franchise
By Steven J. Fredman & Holly H. Weiss on
Posted in Uncategorized
In this SRZ Insights video, SRZ partners Steven J. Fredman and Holly H. Weiss discuss the important role written partnership agreements play in protecting an investment firm’s franchise and outline the key elements of what should be included in these agreements.
https://www.youtube.com/watch?v=x0mczuKCFdM
SRZ Insights: New Partnership Audit Rules
By Philippe Benedict & Shlomo C. Twerski on
Posted in Uncategorized
In this SRZ Insights video, SRZ partners Philippe Benedict and Shlomo C. Twerski discuss the impact of new partnership audit rules, including exceptions to the rules and requirements for prior underpayments and overpayments.
https://www.youtube.com/watch?v=nsR72GL6FuA
SRZ Insights: Employees: Protecting Yours and Hiring Theirs
By Taleah E. Jennings & Ronald E. Richman on
Posted in Uncategorized
In this SRZ Insights video, SRZ partners Taleah E. Jennings and Ronald E. Richman discuss the restrictive covenants a company needs to protect itself from departing employees, as well as the best approach for hiring employees from a competitor.
https://www.youtube.com/watch?v=G5lv7XyVIB4
Additional OECD CRS Self-Certifications Required from Investors Subscribing to Cayman Islands (and Other Non-U.S.) Investment Funds on or After January 1, 2016
By Schulte Roth & Zabel on
Posted in Uncategorized
The Cayman Islands (along with the United Kingdom, Ireland, Jersey, Guernsey, the British Virgin Islands and over 70 other countries) has committed to implementing the OECD Common Reporting Standard (“CRS”), which will require investment funds to collect tax identification and tax residency information from all new subscribers and transferees (including debt-holders and equity-holders) who become…