Yesterday, Pillsbury hosted the first in a series of risk management and regulatory compliance round tables for FinTech companies. The meetings will explore technology-related risk and compliance issues in the financial services space, such as in mobile banking, online brokerage, automated (“robo”) investment advisers, P2P lending, to name a few. Pillsbury partnered with the Professional Risk Managers' International Association (a non-profit professional association), Oyster Consulting (a firm providing comprehensive consulting and compliance services for financial firms) and La Meer Inc. (a risk management solutions company).
Brian Finch, a partner in Pillsbury’s Public Policy Practice, will be speaking on cybersecurity at a 100WHF event in San Francisco on October 13, 2015. The event is titled Under Attack: Cyberdefense in the Network Age. Mr. Finch is recognized as a leading legal authority on matters related to cyber security. He co-authored an article on Cybercrimes affecting hedge funds, posted in our blog.
Hedge Fund General Counsel and Compliance Officer Summit October 19, starting at 8:00 a.m. through October 20, ending at 4:30 p.m. ET. The University Club, New York, NY
Use Promotion Code HFPWSP for a 35% discount when registering. Click Here to Register
Join us for our session: "2015 Exam Priorities: Tips for Handling SEC Exams and Investigations" taking place Tuesday, October 20, 2015, from 10:00 AM – 11:00 AM
Ildiko Duckor Partner and Co-head, Investment Funds & Investment Management Practice, Pillsbury Winthrop Shaw Pittman, LLP
Speakers to Include:
David Charnin, Managing Director, General Counsel and Chief Compliance Officer, Strategic Value Partners, LLC
Sarah A. Good, Partner and Co-leader, Securities Litigation & Enforcement Team, Pillsbury Winthrop Shaw Pittman, LLP
William H. Woolverton, Senior Managing Director and General Counsel, Gottex Funds Management
Steven A. Yadegari, Chief Operating Officer and General Counsel, Cramer Rosenthal McGlynn, LLC
For more information Click Here
Pillsbury hosted a panel event for 100 Women in Hedge Funds on July 28 discussing conflicts of interests hedge fund managers face in managing multiple account types, such as funds, institutional separate accounts and sub-advised mutual funds. Kristin Snyder, Associate Regional Director for Examinations, San Francisco Regional Office of the Securities and Exchange Commission, emphasized that while the SEC does not expect advisers to have conflict-free business models, clear disclosure and effective mitigation of material conflicts are essential fiduciary duties of an adviser. Other panelists and representatives of hedge fund managers (Frank Martin, President, Standard Pacific Capital, LLC) and institutional investors (Michelle Young, Managing Director, Ohana Advisors), provided insights into identifying, assessing, mitigating, and managing those conflicts. Sarah Good, Partner and Co-Leader of Pillsbury’s Securities Litigation and Enforcement practice group, discussed case studies illustrating the SEC’s approach to manager conflicts. Ildiko Duckor, Partner and co-head of Pillsbury’s Investment Funds and Investment Management group, moderated the panel and offered tips and comments on practical solutions to account conflicts.
- Conflicts of interests in the center of the SEC's focus - arising from trade allocations, expense allocations, related party transactions, side letters and proprietary account biases
- Best practices you should have in place now
- Investors' main concerns during negotiations with the managers and what you need to know about their due diligence expectations
The 4th Annual Excellence In Investing: San Francisco, in partnership with The Sohn Conference Foundation, will be held on October 23, 2013 at The Bentley Reserve. Excellence In Investing: San Francisco is the premiere Bay Area investor conference benefiting local and national education and other children’s causes.
Pillsbury and the California Hedge Fund Association invite you to join us on Thursday, April 25, 2013 for an educational program featuring Ms. Jan Lynn Owen, the Commissioner of the California Department of Corporations (DOC) and Person to be Announced from the U.S. Securities and Exchange Commission.
The Commissioner and her staff will discuss the new investment adviser registration rules that were recently adopted by the DOC, including the “exempt reporting adviser” provisions, the interplay between the DOC rules and those of the post-Dodd-Frank rules of the Securities and Exchange Commission.
This program will provide startup hedge fund managers and new investment advisers with the information they need to navigate the registration process, regulatory requirements, and examination focus of the DOC and the SEC, including:
- Eligibility for reliance on the “exempt reporting adviser” provisions and what that means in the registration process
- What the DOC and SEC expect to see in hedge fund manager and investment adviser compliance programs
- Examination and enforcement by the DOC and the SEC and coordination efforts between the two agencies
- Tax planning and compliance for fund managers at the state, local and federal levels
- New DOC and SEC rules in the concept or proposal stage aimed at investment advisers
Date & Time
3:30 pm - 4:00 pm PT
4:00 pm - 4:30 pm PT
Keynote: Jan Lynn Owen
4:30 pm - 5:45 pm PT
5:45 pm - 7:30 pm PT
Pillsbury’s San Francisco Office
Four Embarcadero Center
San Francisco, CA 94111
Jan Lynn Owen, Commissioner, California Department of Corporations
Host and Moderator
Jay B. Gould, Partner, Pillsbury
Jerry Twomey, Deputy Commissioner, Division of Securities Regulation, California Department of Corporations
Doug Bramhall, Tax Managing Director, KPMG
Kristin A. Snyder, Associate Regional Director–Examinations, Securities and Exchange Commission, San Francisco Regional Office
Pillsbury will be hosting back-to-back programs this month on compliance and regulatory challenges facing Chief Compliance Officers. The first program will be held on February 27, 2013 at Pillsbury’s San Francisco office. The second program will be held on February 28, 2013 at Pillsbury’s Los Angeles office. Each program will begin with a brief overview of the recent trend involving the SEC's referral of enforcement matters against fund managers to the U.S. Department of Justice for criminal prosecution, which will be followed by a panel discussion on the following topics:
- Common compliance deficiencies and other “hot button” issues for SEC examiners
- The use of technology and service providers to simplify Chief Compliance Officers' obligations and minimize liability
- Best practices in implementing a Code of Ethics (COE), including what should be in the COE and how employee activity should be monitored
- The implications of the U.S. Jumpstart Our Business Startups Act (JOBS Act) on compliance procedures and policies
We hope you can join us.
To register for the San Francisco office event, please click HERE.
To register for the Los Angeles office event, please click HERE.
Institutional Investor’s 19th Annual Alpha Hedge East Conference is excited to announce New Orleans' own James Carville as a keynote speaker. Mr. Carville will present his views on American and international politics, with a focus on the second administration of Barack Obama, the divided Congress, and the challenges facing the major political parties and players.
Recognizing the budgetary restraints in the industry, Institutional Investor is proud to offer a high-quality conference at an affordable rate.
A limited number of complimentary passes are available for qualified Public and Private Pension Funds, Pension Consultants, Foundations, Endowments, Family Offices and High Net Worth Investors. For more information, please contact Rinaldo Crassa at email@example.com or 212.224.3510. All passes are subject to approval.
We look forward to hosting you next month!
*Discount is only valid on registrations after January 9, 2013 and cannot be applied to prior purchases
Pillsbury will be hosting a Managers Only program on Wednesday, January 23, 2013. The program entitled “Challenges and Opportunities for Starting a Hedge Fund in 2013” starts at 3:30 p.m. and will be held at Pillsbury’s San Francisco office at Four Embarcadero Center, 22nd Floor. This event will be divided into two seminars. Panel 1 seminar – “Organizing and Operating a Startup Fund” will start at 4:00 p.m. to be followed by Panel 2 seminar – “Effective Capital Raising for Emerging Manager” at 5:15 p.m. For more information about this event and to register, please click HERE.
The 3rd Annual Excellence In Investing: San Francisco, in partnership with The Sohn Conference Foundation, will be held on October 24, 2012 at the Merchants Exchange, Julia Morgan Ballroom. Excellence In Investing: San Francisco is the premiere Bay Area investor conference benefiting local and national education and other children’s causes.
On August 30, 2012, Ildi Duckor and Michael Wu, members of Pillsbury’s Investment Funds and Investment Management practice, met with executives and staff of the California Department of Corporations at the Department’s invitation. The purpose of the meeting was to provide the Department’s investment adviser and broker dealer divisions (live in San Francisco and via teleconference in the Sacramento and Los Angeles offices) with a broad overview of the hedge fund industry. “We hope that a better understanding of the industry will help balance hedge fund managers’ business needs with the regulators’ need for investor and market protection, and will streamline both the adviser registration and the examination process” said Ildi Duckor. The Investment Funds and Investment Management team will continue to cooperate with the Department in an effort to provide industry insight with respect to future California regulation of hedge funds and their advisers.
We are very pleased to announce that Henry Liu is joining our New York office today as a Finance Partner and as leader of the Financial Institutions & Infrastructure Teams for Greater China and Asia.
Henry has enormous reach within business, banking and government in China and is the former general counsel and director general at the China Securities Regulatory Commission. Henry will provide valuable assistance to the Pillsbury Investment Funds group on the structuring of investment funds in China as well as the movement of capital from China into investment funds outside of China.
“Henry brings a unique combination of experience as a former high-level Chinese government official and as an extremely successful and well-connected attorney for our China practice,” said Pillsbury Firm Chair Jim Rishwain. “Henry is an incredibly rare find, as he can navigate the United States and Chinese business and legal landscapes with ease. Likewise, he has enormous reach within business, banking and government circles in Greater China and has earned the very highest reputation among his colleagues and peers. As a result, he will greatly enhance Pillsbury's stature and presence in Asia – long a key market for our firm and our clients.”
Henry has also served international, Chinese and Asia Pacific clients ranging from Fortune 500 global firms to emerging companies and has been involved in most major types of cross-border corporate and financing transactions and regulatory matters involving Asia and China, across most major industry sectors, in mergers and acquisitions, capital markets, banking and financing, corporate, private equity and investment funds, foreign direct investments, real estate, technology transfers and international trade. He has over his career been exposed to most industries and sectors, including financial services, manufacturing, real estate, transportation, energy, telecom and media, and sports and entertainment. Henry was previously managing director of investment banking with Donaldson, Lufkin & Jenrette/Credit Suisse First Boston in Hong Kong as well as the chair of a large international law firm’s China practice.
The 18th Annual Global Hedge Fund Summit will be held in Bermuda on April 15-17, 2012. Jay Gould will be speaking at this event on a panel entitled “The Crossroads of Law & Finance,” that will examine the investment world and its interaction with the ever-evolving legal landscape.
Date & Time
12:30 pm - 7:00 pm PT
12:30 pm - 5:30 pm PT
5:30 pm - 6:30 pm PT
Panel and Q&A
6:30 pm PT
Pillsbury's SF office
50 Fremont Street
San Francisco, CA 94105
Join us for an interactive, instructional workshop to learn step-by-step how to create unique and individualized marketing material to attract and engage investors and raise capital.
Who Should Attend:
- Emerging Funds Managers
- Established Funds Managers
- Hedge Fund Marketers
- Pre-Launch Managers
- Fund of Funds Managers
This one day hedge fund marketing event will cover:
- How to uncover or rebrand your fund identity
- Defining your marketing message and how to tell it
- Understanding who your potential investors are
- How to avoid compliance pitfalls
- Discovering opportunities that raise capital
- What investors look for in marketing collateral
and much more...
Maital S. Rasmussen,Founder & CEO, Rasmussen Communications, Inc.
Rikke Jorgensen, Copywriter, Rasmussen Communications, Inc.
Seavan Sternheim, COO, CMO, QM Capital, LLC
Investor Panel and Q&A Session
Kermit Claytor, Fund of Funds Manager, Skyline Partners
Paul Perez, CFA, Springcreek Advisors, LLC
Ildiko Duckor, Counsel, Pillsbury
T. Jon Williams, Ph.D., CFA, South Avenue Investment Partners
Early Bird$675 for one participant
$975 for two participants
Early Registration ends October 27th, 2011
Regular Price$750 for one participant
$1,050 for two participants
To register, please visit Rasmussen Communications.
100 Women in Hedge Funds
California Hedge Fund Association
Pillsbury named "best" law firm at HFM Week's U.S. Hedge Fund Services Awards
New York—Premier hedge fund publication HFM Week honored Pillsbury with its "Best Onshore Law Firm – Client Service" award, at the magazine's annual U.S. Hedge Fund Services Awards ceremony in New York. This marks the third consecutive year Pillsbury has both received the HFM Week client service recognition and been a "shortlist" finalist in multiple award categories. Established to recognize impressive revenue growth, innovation and customer satisfaction among funds and service professionals, the awards are determined by a panel of independent judges, comprised of industry experts. Jay B. Gould, leader of Pillsbury's Investment Funds & Investment Management practice team, accepted the award on behalf of Pillsbury.
Pillsbury's press release is available here.
A MANAGERS-ONLY EVENT
Thursday, October 27, 2011
3:30 - 4:00pm Registration
4:00 - 5:30pm Presentation
5:30 - 6:30pm Reception
Pillsbury's San Francisco office
50 Fremont Street
San Francisco, CA 94105
How can hedge fund managers that seek more efficient methods for raising capital avail themselves of the public markets?
Now, many private fund managers are finding that a registered fund product can address the needs of certain investors, and with turnkey solutions available, the complexity that has traditionally been associated with registered funds may no longer be a deterrent.
Please join the California Hedge Fund Association, Pillsbury, and JD Clark & Company for a panel discussion on solutions for registered funds. All the questions you have regarding how to organize and operate a registered fund will be addressed at this Managers-Only Event, including:
- What is the process for registering an alternative investment product?
- What are the tax, regulatory and operational issues for a registered fund?
- Interval funds, closed-end funds and open-end funds—why choose one over the other?
- Who are the investors I will reach with a registered fund?
- Can I run both hedge funds and registered funds at the same time?
- How do I minimize regulatory scrutiny and outsource the back office?
Tony Fischer, UMB Fund Services
Paul Kangail, Ernst & Young
Vic Fontana, Registered Fund Solutions
Rachel Minard, Minard Capital
Jay Gould, Pillsbury Winthrop Shaw Pittman LLP