PILLSBURY HONORED FOR HEDGE FUND WORK - FOURTH YEAR IN A ROW

New York—Hedge fund publication HFMWeek honored Pillsbury with its "Best Onshore Law Firm – Hedge Fund Start-Ups" award at the magazine's annual U.S. Hedge Fund Services Awards 2012 ceremony in New York on October 18, 2012. This marks the fourth consecutive year Pillsbury has been honored by HFMWeek for its service to the hedge fund community. Pillsbury also won the HFMWeek Award for "Best Onshore Law Firm - Client Service" in 2009, 2010 and 2011.

The awards were established to recognize organizations that have demonstrated financial growth and innovation, and are determined by a panel of independent industry experts who look at a combination of quantitative and qualitative measures.

Partner Jay Gould, leader of Pillsbury's Investment Funds & Investment Management practice team, accepted the award on behalf of the Investment Funds & Investment Management team.

“HFMWeek's recognition of Pillsbury and our work for clients organizing new investment advisers and offering new funds is even more meaningful because these are pivotal days for the industry, which faces relentless competition, global economic uncertainty and entirely new regulatory controls—particularly here in the U.S.,” Gould said. “This award reflects the understanding by both investors and fund managers that new hedge fund managers need to partner with the very best in class legal team in order to be and remain competitive in today’s highly scrutinized markets.”

The team posts analysis of legal and business issues at Pillsbury's Investment Fund Law Blog.

“Above all, our industry's stakeholders need a single view of forces impacting their strategies, portfolios and business models, such as the unfolding provisions of the Dodd-Frank Act," Gould added. "Our New York, Washington and California offices are each playing integral roles in monitoring, advising and planning around these developments to aid clients' decision-making. We have a dedicated team of professionals that assists existing as well as new clients that are now spinning out of New York investment banks in anticipation of Dodd-Frank's ‘Volcker Rule.’”

HFMWeek serves the international hedge fund community, covering all aspects of operating a successful hedge fund. Pillsbury’s co-finalists this year included Akin Gump Strauss Hauer & Feld, Maples and Calder, Mourant Ozannes and Schulte Roth & Zabel.