Akin Gump a Repeat Top Law Firms Honoree in Alpha Awards
(New York) – For the second consecutive year, in what was termed an “exceptionally close” race for the top, Akin Gump has won third-place honors among the “Top Law Firms” in Institutional Investor’s annual Alpha Awards survey of the leading hedge fund service providers. To be eligible for top honors, law firms needed to be ranked in at least four of the six aspects of service, which included Regulatory & Compliance, Hedge Fund Expertise and Document Preparation & Fund Formation.
Akin Gump investment management partner Kelli Moll is also quoted by Institutional Investor on the firm’s London funds practice in the context of fund manager compliance with the European Union’s Alternative Investment Fund Managers Directive (AIFMD). The publication notes that AIFMD requires EU–based funds and non-European funds marketed in Europe to improve internal risk management, meet stricter transparency and leverage rules, report more regularly and boost independent oversight.
Ms. Moll stated that this will be the first year in which U.S. managers registered under the private placement regime will file Annex IV transparency reports. She added that, “Akin Gump has a significant presence in London in the investment management space, where our fund professionals specialize in fund formation and all aspects of how AIFMD impacts both European and U.S. managers. We regularly advise on marketing issues, new disclosure requirements, depository arrangements, remuneration issues, annual reporting obligations and Annex IV filing.”
The article also notes the arrival at Akin Gump of a top-flight group of lawyers from Bingham McCutchen in October 2014 (learn more here), five of whom operate within the firm’s hedge fund practice.
The Alpha Awards are based on a survey of more than 625 hedge fund firms, whose managers rate the quality of service they received from their onshore and offshore law firms over the past year.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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