Press Room

New York, NY -- The award program is based on a "peer review system" in which Hedgeweek's readers, consisting of institutional and high net worth investors as well as managers and other industry professionals at fund administrators, prime brokers, custodians and advisers, are invited to elect a "best in class" in a list of categories.

"We are honored to receive this award and appreciative to the readers who nominated and voted for us," said Michael G. Tannenbaum, the law firm's co-founder and chair of the firm's Financial Services, Private Funds & Capital Market Group. "We will be celebrating the firm's 35 ^thanniversary come March 15 ^th and many of our clients have been with us since the firm's founding. For over three decades, we have witnessed the industry's growth as well as many regulatory changes and economic trends impacting the investment management community and I feel we are just getting started! As legal advisers, we have always stayed on the cutting edge of legal and economic developments so that we can serve our clients, especially our many clients in Europe, with common sense advice," Tannenbaum added.

"The industry is going through an interesting period of change as social media and the U.S. JOBS Act loosen solicitation rules while complicating compliance with other securities laws: FATCA will affect offshore funds and compliance may call for modification to partnership agreements, offering memorandums and others, and, the rise in insider trading litigation may lead to increased regulatory oversight," stated Ricardo W. Davidovich, a partner in Tannenbaum Helpern's Financial Services, Private Funds & Capital Market Group concentrating in hedge funds and investment management regulation. "This award shows that the hedge fund community recognizes the quality of our firm's brand. We are truly honored to receive this recognition," Davidovich added.

To hear more on what Michael and Ricardo are saying about the industry, follow them on Twitter at @lawhedge for Michael.