Hedge Funds Rank Akin Gump Among Top Service Providers
(New York, New York) – Hedge fund managers have named Akin Gump Strauss Hauer & Feld LLP as one of the top three service providers in the world, according to a survey conducted by Alpha magazine. The 2007 Alpha Awards™ – Alpha’s third annual look at the world’s best hedge fund service providers – recognize those firms that “have risen above their competitors when it comes to helping hedge funds weather market turbulence and other challenges.”
Alpha based its 2007 rankings on the votes of nearly 1,000 hedge fund firms, which manage an estimated $1.4 trillion in assets. Polling included firms in the 2007 Hedge Fund 100, Alpha’s ranking of the world’s 100 biggest hedge fund firms. The magazine’s editors also examined directories and industry data sources, and contacted hedge fund management firms from client lists supplied by service providers. Finally, the editors met with service providers to discuss changes within their businesses.
Hedge funds were asked to rate the quality of service they received for the 12 months ended March 31, 2007. Service quality was broken down into broad attributes, which included a series of specific points of service. Respondents — whose identities are kept anonymous to ensure confidentiality — also rated the importance of each service attribute, the results of which were then used to help calculate the overall winner in each major category, rewarding firms that do well in the tasks that hedge funds prize most. For firms to be considered in the overall rankings, they had to be ranked among both small and big hedge fund voters.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international law firm, numbers more than 1,000 lawyers with offices in Austin, Beijing, Dallas, Dubai, Houston, London, Los Angeles, Moscow, New York, Philadelphia, San Antonio, San Francisco, Silicon Valley, Taipei and Washington. The firm has a diversified practice and represents regional, national and international clients in a wide range of areas, including antitrust; appellate; banking and finance; capital markets; communications and information technology; corporate and securities; corporate governance; employee benefits; energy; entertainment and media; environmental; financial restructuring; global security; government contracts; health; insurance; intellectual property; international trade; investment funds; labor and employment; land use; litigation; mergers and acquisitions; private client services; private equity; privatization; project development and finance; public law and policy; real estate development and finance; Russia/CIS; tax; and technology.
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