News

Hedge Fund Team Hosts Former SEC Commissioner Troy Paredes in a Series of Regulatory Summit Discussions

News / May 2, 2016

The BakerHostetler Hedge Fund Industry Team, led by Marc Powers, hosts recurrent events featuring high-profile industry speakers who address the hottest topics in the industry. The team is hosting a series of conferences featuring exclusive and intimate conversation with former Securities and Exchange Commissioner Troy Paredes. At a recent conference, Troy addressed a wide array of topics including securities litigation and regulatory enforcement, compliance, the administrative rule-making processes at the Commission, the relationship between the industry and the regulators, SEC examination priorities and the impact the presidential election will have on the industry. Troy served at the SEC from 2008-2013 and is now the principal of Paredes Strategies LLC.

The Hedge Fund Team hosts four programs each year; two in New York, one in Denver and one in Chicago. The team offers a full suite of value-added services, from fund formation and tax-related strategy to regulatory compliance and litigation.

The team’s conferences have featured then-sitting Commodity Futures Trading Commissioner Bart Chilton, former Securities and Exchange Commissioner Troy Paredes, Assistant Regional Director Thomas Piccone, Chairman and CEO of Environmental Financial Products and one of TIME Magazine’s “Heroes of the Environment” Richard L. Sandor, distressed debt investor Joseph Sarachek of CRT Special Investment LLC, and Patricia L. Cushing from the National Futures Association.

Topics for our Upcoming and past conferences in New York, Chicago and Denver include:

In 2015, the nationwide team joined forces with accounting firm McGladrey LLP (now RSM) to host a cybersecurity seminar in New York for 115 professionals in the alternative investment space who are affiliated with the organization 100 Women in Hedge Funds. A global, practitioner-driven nonprofit organization, 100 Women in Hedge Funds serves more than 13,000 alternative investment management investors and professionals through educational, professional leverage and philanthropic initiatives.

Also in 2015, Daniel Loeb, founder and chief executive of Third Point LLC, a New York-based hedge fund with more than $14 billion in assets under management, was the featured guest at the “The Titans of Finance” event hosted by the team for the Young Jewish Professionals.

In January 2016, the team produced a report from the Third Annual Rocky Mountain Hedge Fund Summit in Denver addressing best practices in cybersecurity and technology risk management.

About our practice

BakerHostetler provides services to the expanding market of investment advisers required to register with the SEC as a result of the Dodd-Frank Act of 2010. These include managers of hedge funds and various investment funds with portfolios that include not only traditional equity, options and bond positions, but portfolios with commodities and alternative asset classes. We also represent fund of fund managers and multifamily offices in the various unique legal needs of these organizations.

Sponsorships

The Hedge Fund Team partners with leading industry service providers and has been invited to speak during major industry conferences and webinars, such as the Managed Funds Association and The SkyBridge Alternatives (SALT) conferences. We also contribute articles to industry publications and distribute frequent executive alerts.

SEC Examinations and Other Services

Apart from assisting new and old clients with the formation of their investment funds, the Hedge Fund Industry team assists hedge fund clients in dealing with the SEC examination process. We assist managers in preparing for the examination process by highlighting areas of interest and priorities of the SEC, conducting mock interviews of expected persons to be interviewed by the Staff, organizing and assisting in the document production on a confidential basis to the Staff and responding to Staff inquiries. We also assist the clients in litigation involving trade secrets and investor disputes. We provide tax counsel and other advice on distressed debt investing. We have conducted internal investigations when employees have engaged in wrongdoing. We also help clients with their compliance programs to protect against the risks associated with their business activities.

Recognition

Last year, the firm was named for the second year in a row in the annual list of “Large Hedge Fund Practices,” in Hedge Fund Alert, a leading weekly industry publication.

Legal 500 writes that BakerHostetler is “‘an A+ law firm where the lawyers are well prepared, professional, impressive and extremely capable,” and the “smart and strategically astute” Powers leads “a vibrant practice” that is prominent among investment banks and hedge funds.

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