09/06/2010
International law firm Dechert has announced plans to open a new office in Dublin as it seeks to take advantage of Ireland’s growing prominence as a centre for investment funds.
The new office will focus on advising investment funds, their investment managers and other fund service providers and makes Dechert one of only a small number of international law firms with an Irish presence.
“With our new Dublin office alongside our existing presence in London and Luxembourg, we are now uniquely established in the three leading jurisdictions for international investment funds in the European Union,” said Dechert chairman Barton Winokur.
The firm, which currently has 19 offices in the US, Europe and Asia, has also appointed Declan O’Sullivan, formerly of Irish firm William Fry, to lead the practice.
As part of his current role Declan, a former chairperson of the Alternative Investments Committee of the Irish Funds Industry Association, advises clients in the establishment and authorisation of all types of investment funds including Ucits, hedge funds, property funds and private equity fund products.
“We are delighted to have Declan join our team," said Winokur. "He has strong expertise in the Irish investment funds sector and will add tremendous energy and resources to the firm’s international financial services practice.”
Increase text sizeIt’s interesting how one deal can often summarise the tenor of the times. Last week’s rubber stamping of the Man-GLG tie-up by the former’s shareholders may have been a formality, but in the wider context of the hedge fund sector, the tenets underpinning the move are far more interesting.
Collateral management is undoubtedly a big deal for the post-Lehman investor, but, as Danny Caplan, Deutsche Bank’s head of global prime finance sales, Europe, put it this week, “not all asset segregation is the same”.
"Firms must be careful not to take their eye off the ball, as enforcement action for reporting failures is increasing in frequency and severity"
As HFMWeek prepares to launch its new fresh look, this week’s Page 4 rolls out our industry confidence survey. Polling readers on their faith in the global economy, investor inflows and the impact of regulation we hope, on a weekly basis, to build a broad picture of the psychology of the hedge fund sector.
Read MoreHave your say on the hedge fund industry by taking part in two new HFMWeek surveys
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