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SEC Charges Firms for Violating Whistleblower Protection Rules in Employment Agreements, Separation Agreements and Releases

Firms should review their employment related agreements to determine if any changes are necessary. In September 2023, the SEC issued orders against each of D.E. Shaw & Co., L.P. (“D.E. Shaw”), CBRE, Inc. (“CBRE”) and Monolith Resources LLC (“Monolith”) in connection with provisions in their separation agreements and other employment-related documents that violated Rule 21F-17…

Kleinberg Kaplan’s Private Funds & Investment Management and M&A Groups Recognized in 33rd Edition of IFLR1000

The 33rd edition of IFLR1000 named Kleinberg Kaplan among the leading U.S. law firms providing exceptional service across 170 national jurisdictions for Hedge Funds and M&A. Ranked as a Tier 3 law firm for Investment Funds: Hedge Funds in the United States and as an Other Notable Law Firm for its M&A practice, Kleinberg Kaplan is one…

Firm News | July 13, 2023 | Hedge Funds | Mergers & Acquisitions

Kleinberg Kaplan Partner Christian Gloger and Associate Mike Yi Published in Westlaw Today

A recent client alert written by Kleinberg Kaplan partner Christian Gloger and associate Mike Yi was republished by Westlaw Today. The article, “Private Credit Funds – Structures and Recent Trends,” compares closed-end and open-end credit fund terms and structuring alternatives, as well as overall credit fund space developments. The article was included as part of Westlaw’s June…

Firm News | July 5, 2023 | Hedge Funds | Private Equity Funds

Private Credit Funds – Structures and Recent Trends

In recent years, the alternative investment space has grown in size and significance as a result of a period of low interest rates, favorable monetary policy and financial conditions. The hunt for yield and diversification provided further comfort to institutional investors seeking to gain exposure to this burgeoning industry. In particular, buyout1 and infrastructure2 focused…

Client Alerts | June 22, 2023 | Hedge Funds | Private Equity Funds

Kleinberg Kaplan’s Jamie Nash quoted in The Wall Street Journal on Rifts at Two Sigma

Kleinberg Kaplan partner Jamie Nash was quoted in an article in The Wall Street Journal titled, “Inside the Escalating Feud at One of Wall Street’s Biggest Hedge Funds.” The article covers the deteriorating relationship between the co-founders at Two Sigma, a hedge fund with approximately $60 billion in AUM. In a securities filing in March,…

Firm News | June 20, 2023 | Hedge Funds

Kleinberg Kaplan Recognized in Latest Edition of The Legal 500: United States

Premier boutique law firm Kleinberg Kaplan was recognized in the latest edition of The Legal 500: United States for its Hedge Funds and Investor Activism practices. The Hedge Funds practice was praised for its “thorough and practical advice, efficiency in getting projects done, and competitive rates.” As one client stated, “KKWC has been demonstrating an outstanding ability to…

Firm News | June 14, 2023 | Hedge Funds | Investor Activism

Private Fund Managers Must Prepare For Greater Scrutiny and Transparency Regarding Affiliated Service Provider Arrangements

Proposed SEC Rule and Examination Priorities Target “Problematic Compensation Schemes” and “Opaque Reporting Practices” Private fund managers – especially managers of real estate, private equity, and private credit funds – have increasingly used affiliated service providers to perform various tasks for their funds or portfolio companies. Such tasks include asset-level due diligence, loan servicing, property…

Client Alerts | June 13, 2023 | Hedge Funds | Private Equity Funds

Kleinberg Kaplan Recognized in Chambers USA 2023

Firm ranked in Hedge Funds category; four partners individually honored New York, June 1, 2023 — Premier boutique law firm Kleinberg Kaplan announced that it has been recognized by Chambers USA 2023 as a leading firm. The firm was again included in the “Hedge Funds (USA – Nationwide)” category, and four Kleinberg Kaplan partners were individually highlighted in the “Hedge…

FEATURED PUBLICATION | June 1, 2023 | Hedge Funds | Investor Activism

NFA Adopts Compliance Rule for Spot Digital Asset Commodity Activity

On March 29, 2023, the National Futures Association (“NFA”) announced the adoption of Compliance Rule 2-51: Requirements for Members and Associates Engaged in Activities Involving Digital Asset Commodities (the “New Rule”),1 which will implement anti-fraud, trading, and supervisory requirements for member firms, including firms registered with the Commodity Futures Trading Commission as commodity pool operators…

Client Alerts | April 3, 2023 | Digital Assets and Cryptocurrency | Hedge Funds | Private Equity Funds

Kleinberg Kaplan Announces Partner Promotions

January 3, 2023, NEW YORK – Premier boutique law firm Kleinberg Kaplan announces the promotion of two associates, Moshe Segal and Derek Stueben, to the firm partnership, effective January 1, 2023. Moshe is a member of Kleinberg Kaplan’s Private Funds & Investment Management group and Derek is a member of the firm’s Corporate Transactional &…