Key Takeaways
- • Schulte Roth & Zabel (SRZ) has added Owen Schmidt as a partner in its Investment Management Group, based in the New York office.
- • Schmidt previously spent almost seven years as partner, general counsel and chief compliance officer at two large investment fund managers, Falcon Edge Capital and Valinor Management.
- • Schmidt began his career at SRZ in 2007 and returns to the firm after the hire, which SRZ describes as a strategy of building on its core strengths in private funds.
- • SRZ was ranked the #1 onshore hedge fund law firm by AUM in HFR's March 2020 Market Microstructure Hedge Fund Industry Report, according to the firm's announcement.
Summary
Schulte Roth & Zabel (SRZ) announced the addition of Owen Schmidt as a partner in its Investment Management Group, according to a Business Wire release dated September 21, 2020. Schmidt is resident in the firm's New York office and brings experience in private fund formation and compliance to SRZ's funds practice.
Schmidt joins from roughly seven years as partner, general counsel and chief compliance officer at two large investment fund managers. At Falcon Edge Capital and Valinor Management, he led the legal departments and was responsible for forming and operating credit, hedge and private equity funds and co-investment vehicles, as well as the firms' compliance programs. The release describes the hire as a return, as Schmidt began his career at SRZ in 2007 as a summer associate and later worked as an associate in both the New York and London offices.
Marc Elovitz, SRZ co-managing partner and chair of the Investment Management Regulatory & Compliance Group, said the firm was "thrilled to welcome Owen back" and that its private funds practice is "unparalleled." Stephanie Breslow and David Nissenbaum, co-heads of the Investment Management Group, said Schmidt would deepen the firm's bench and expertise as it continues to grow its funds practice in depth and size.
The release cites SRZ's ranking as the #1 onshore hedge fund law firm based on AUM in HFR's March 2020 Market Microstructure Hedge Fund Industry Report. The firm also reports rankings in Chambers USA, Chambers Global, Chambers UK, Chambers Europe, Chambers FinTech, and The Legal 500 for 2020, and says it has advised private funds for more than 50 years across strategies including credit, hedge, private equity, CLOs, digital assets and real estate. Schmidt holds a J.D. from Fordham University School of Law and a B.S. from the University of Arizona, and serves on the Private Investment Funds Committee of the New York City Bar Association.
Schmidt joins from roughly seven years as partner, general counsel and chief compliance officer at two large investment fund managers. At Falcon Edge Capital and Valinor Management, he led the legal departments and was responsible for forming and operating credit, hedge and private equity funds and co-investment vehicles, as well as the firms' compliance programs. The release describes the hire as a return, as Schmidt began his career at SRZ in 2007 as a summer associate and later worked as an associate in both the New York and London offices.
Marc Elovitz, SRZ co-managing partner and chair of the Investment Management Regulatory & Compliance Group, said the firm was "thrilled to welcome Owen back" and that its private funds practice is "unparalleled." Stephanie Breslow and David Nissenbaum, co-heads of the Investment Management Group, said Schmidt would deepen the firm's bench and expertise as it continues to grow its funds practice in depth and size.
The release cites SRZ's ranking as the #1 onshore hedge fund law firm based on AUM in HFR's March 2020 Market Microstructure Hedge Fund Industry Report. The firm also reports rankings in Chambers USA, Chambers Global, Chambers UK, Chambers Europe, Chambers FinTech, and The Legal 500 for 2020, and says it has advised private funds for more than 50 years across strategies including credit, hedge, private equity, CLOs, digital assets and real estate. Schmidt holds a J.D. from Fordham University School of Law and a B.S. from the University of Arizona, and serves on the Private Investment Funds Committee of the New York City Bar Association.
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