Irwin M. Latner
Partner; Chair, Hedge Fund Group
New York
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Partner; Chair, Hedge Fund Group
New York
email me | v-card
| Phone: | (212) 592-1558 |
| Fax: | (212) 545-3356 |
Hedge FundsPrivate Equity
Investment Management
Mergers & Acquisitions, Joint Ventures and Strategic Alliances
Asset-Based Lending
Independent Private Equity Sponsors
Corporate
Dodd-Frank Resource Center
Brooklyn Law School, J.D., 1985 magna cum laude
Rutgers College
New YorkNew Jersey
Media Mention
How Should Hedge Fund Managers Approach the Allocation of Expenses Among Their Firms and Their Funds? (Part II)
May 9, 2013 -- Hedge Fund Law Report
In Part II of an article exploring the lack of regulations specifically delineating how fund managers should allocate expenses among their firms and their funds, Irwin M. Latner, partner and co-chair of Herrick, Feinstein's Hedge Fund Group is quoted extensively.
May 9, 2013 -- Hedge Fund Law Report
In Part II of an article exploring the lack of regulations specifically delineating how fund managers should allocate expenses among their firms and their funds, Irwin M. Latner, partner and co-chair of Herrick, Feinstein's Hedge Fund Group is quoted extensively.
Media Mention
How Should Hedge Fund Managers Approach the Allocation of Expenses Among Their Firms and Their Funds?
May 2, 2013 -- Hedge Fund Law Report
Though hedge fund managers must incur a significant amount and variety of expenses, there are no regulations specifically delineating how they should allocate them among their firms and their funds. In an article exploring these issues, Irwin M. Latner, partner and co-chair of Herrick, Feinstein's Hedge Fund Group is quoted extensively.
May 2, 2013 -- Hedge Fund Law Report
Though hedge fund managers must incur a significant amount and variety of expenses, there are no regulations specifically delineating how they should allocate them among their firms and their funds. In an article exploring these issues, Irwin M. Latner, partner and co-chair of Herrick, Feinstein's Hedge Fund Group is quoted extensively.
Media Mention
Law Firms With Large Hedge Fund Practices
June 13, 2012 -- Hedge Fund Alert
Herrick, Feinstein is listed among the top 30 firms with significant hedge fund practices. The article indicates that Herrick specializes in "niche strategies such as energy and real estate lending." Irwin Latner is noted as the contact for Herrick.
June 13, 2012 -- Hedge Fund Alert
Herrick, Feinstein is listed among the top 30 firms with significant hedge fund practices. The article indicates that Herrick specializes in "niche strategies such as energy and real estate lending." Irwin Latner is noted as the contact for Herrick.
Media Mention
Benefits, Challenges and Recommendations for Persons Simultaneously Serving as General Counsel and Chief Compliance Officer of a Hedge Fund Manager
May 10, 2012 -- The Hedge Fund Law Report
Irwin Latner is quoted in this article about the issues raised by an individual’s ability to “dual-hat” effectively at a large hedge fund manager.
May 10, 2012 -- The Hedge Fund Law Report
Irwin Latner is quoted in this article about the issues raised by an individual’s ability to “dual-hat” effectively at a large hedge fund manager.
Media Mention
A Bill to Loosen Hedge Fund Marketing
March 30, 2012 -- The New York Times
Irwin Latner, head of Herrick's hedge fund practice, analyzes a provision in pending legislation that would allow investment firms to market themselves more easily to the public. Irwin takes the position that the change, which is tucked into legislation that would alter the Securities Act of 1933 and which would allow more marketing and advertising by funds, might not represent a massive change because funds and prospective investors have always operated under the notion of caveat emptor.
March 30, 2012 -- The New York Times
Irwin Latner, head of Herrick's hedge fund practice, analyzes a provision in pending legislation that would allow investment firms to market themselves more easily to the public. Irwin takes the position that the change, which is tucked into legislation that would alter the Securities Act of 1933 and which would allow more marketing and advertising by funds, might not represent a massive change because funds and prospective investors have always operated under the notion of caveat emptor.
Media Mention
Legal Mechanics of Converting a Hedge Fund Manager to a Family Office
December 1, 2011 -- The Hedge Fund Law Report
Irwin Latner looks at legal, regulatory, practical and operational reasons that a hedge fund might consider converting to a family office. Irwin says that by restructuring as family offices, the funds can avoid registration in general plus ominous reporting requirements. Irwin adds that managing so-called family money tends to be less stressful than managing capital invested by arms-length investors, which holds particular appeal to previously successful managers who are struggling with unfavorable macro-economic forces.
December 1, 2011 -- The Hedge Fund Law Report
Irwin Latner looks at legal, regulatory, practical and operational reasons that a hedge fund might consider converting to a family office. Irwin says that by restructuring as family offices, the funds can avoid registration in general plus ominous reporting requirements. Irwin adds that managing so-called family money tends to be less stressful than managing capital invested by arms-length investors, which holds particular appeal to previously successful managers who are struggling with unfavorable macro-economic forces.
Media Mention
Hedge fund stars plummet to earth
October 31, 2011 -- Crain's New York Business
Irwin Latner says that recent poor performances may cause some investors to withdraw money from large, name-brand hedge funds, but he says the overall industry will not shrink because those investors are likelier to put their money in other funds rather than in cash or equities. He says the primary difference between the recent drop in fund performances and the drop in 2008 is that, in the earlier one, liquidity was an issue.
October 31, 2011 -- Crain's New York Business
Irwin Latner says that recent poor performances may cause some investors to withdraw money from large, name-brand hedge funds, but he says the overall industry will not shrink because those investors are likelier to put their money in other funds rather than in cash or equities. He says the primary difference between the recent drop in fund performances and the drop in 2008 is that, in the earlier one, liquidity was an issue.
Media Mention
Hedge Funds Look To Pare Back Primes
August 9, 2011 -- Traders Magazine.com
Irwin Latner helps examine the phenomenon of hedge funds' consolidating their trading activities with one or two prime brokers, much as they did before the financial collapse in 2008 and 2009. Irwin explains that at the height of the financial crisis, no single bank could be perceived as risk free, and investors demanded that funds use multiple prime brokers. With fear of bank failure abated, the hedge funds -- particularly smaller and mid-sized funds -- scaled back the number of prime brokers, for more efficiency and cost savings.
August 9, 2011 -- Traders Magazine.com
Irwin Latner helps examine the phenomenon of hedge funds' consolidating their trading activities with one or two prime brokers, much as they did before the financial collapse in 2008 and 2009. Irwin explains that at the height of the financial crisis, no single bank could be perceived as risk free, and investors demanded that funds use multiple prime brokers. With fear of bank failure abated, the hedge funds -- particularly smaller and mid-sized funds -- scaled back the number of prime brokers, for more efficiency and cost savings.
Media Mention
Smaller Hedge Funds See More Assets Headed Their Way
August 1, 2011 -- Traders Magazine
Irwin Latner says all highly regarded hedge funds -- not just the largest ones -- are attracting an influx of investment dollars. Irwin says that before this trend began, many investors generally considered only funds with a billion or more dollars in assets. This article, which stems from Irwin's appearance as a panelist on hedge fund operations, attributes the shift in large part to the smaller funds' instituting security measures and systems redundancies.
August 1, 2011 -- Traders Magazine
Irwin Latner says all highly regarded hedge funds -- not just the largest ones -- are attracting an influx of investment dollars. Irwin says that before this trend began, many investors generally considered only funds with a billion or more dollars in assets. This article, which stems from Irwin's appearance as a panelist on hedge fund operations, attributes the shift in large part to the smaller funds' instituting security measures and systems redundancies.
Media Mention
Law Firms With Large Hedge Fund Practices
June 15, 2011 -- Hedge Fund Alert
Our hedge fund practice -- and Irwin Latner's leadership of it -- is included in this publication's listing of 30 law firms nationwide with significant practices in that industry. It notes that as to hedge funds, Herrick specializes in "working with start-ups and mid-sized managers, both onshore and offshore, across all asset classes and strategies" and on operational issues.
June 15, 2011 -- Hedge Fund Alert
Our hedge fund practice -- and Irwin Latner's leadership of it -- is included in this publication's listing of 30 law firms nationwide with significant practices in that industry. It notes that as to hedge funds, Herrick specializes in "working with start-ups and mid-sized managers, both onshore and offshore, across all asset classes and strategies" and on operational issues.
Media Mention
SEC Reviews Examiner Credentials
May 4, 2011 -- Hedge Fund Alert
In an article that describes how the SEC is considering instituting a certification process for its examiners who deal with managers of hedge funds, Irwin Latner notes that the quality of examiners has increased over the last year and a half. He adds, however, that because it is dealing with a sophisticated, well-financed industry, the SEC is typically playing catch-up and "fighting yesterday's battles."
May 4, 2011 -- Hedge Fund Alert
In an article that describes how the SEC is considering instituting a certification process for its examiners who deal with managers of hedge funds, Irwin Latner notes that the quality of examiners has increased over the last year and a half. He adds, however, that because it is dealing with a sophisticated, well-financed industry, the SEC is typically playing catch-up and "fighting yesterday's battles."
Media Mention
Industry Waking Up to CFTC Plan
March 30, 2011 -- Hedge Fund Alert
Irwin Latner discusses the hedge fund industry's last-minute attempts to derail a proposal by the Commodities Futures Trading Commission's plan that would require that many funds register with the CFTC in addition to with the SEC. Irwin says the SEC has tried to keep registration issues simpler for smaller funds, but the CFTC's proposal is burdensome and potentially costly, particularly for smaller, non-institutional funds that engage in limited futures trading.
March 30, 2011 -- Hedge Fund Alert
Irwin Latner discusses the hedge fund industry's last-minute attempts to derail a proposal by the Commodities Futures Trading Commission's plan that would require that many funds register with the CFTC in addition to with the SEC. Irwin says the SEC has tried to keep registration issues simpler for smaller funds, but the CFTC's proposal is burdensome and potentially costly, particularly for smaller, non-institutional funds that engage in limited futures trading.
Media Mention
Federal Probe Prompts Compliance Reviews
December 1, 2010 -- Hedge Fund Alert
In this article about what hedge funds are doing -- and should be doing -- in response to the government's recent activity in enforcing statutes that prohibit insider trading, Irwin Latner says chief compliance officers should dig deeply into the relationship between the funds and independent research networks and how information gleaned from the research is being used in trading.
December 1, 2010 -- Hedge Fund Alert
In this article about what hedge funds are doing -- and should be doing -- in response to the government's recent activity in enforcing statutes that prohibit insider trading, Irwin Latner says chief compliance officers should dig deeply into the relationship between the funds and independent research networks and how information gleaned from the research is being used in trading.
Media Mention
The HFBOA Newsletter: September 2010 Edition
September 2010 -- Hedge Fund Business Operations Association
Irwin Latner is interviewed and quoted as a panelist in the September 2010 edition of the Hedge Fund Business Operations Association Newsletter, in which he discusses reactions to and expectations for the latest regulatory initiatives affecting hedge funds.
September 2010 -- Hedge Fund Business Operations Association
Irwin Latner is interviewed and quoted as a panelist in the September 2010 edition of the Hedge Fund Business Operations Association Newsletter, in which he discusses reactions to and expectations for the latest regulatory initiatives affecting hedge funds.
Media Mention
Structuring for launch: Getting of on the right foot
June 2010 -- Hedge Funds Review
Irwin Latner says transparency and liquidity are two key issues for managers to consider when starting a hedge fund. He opines that lock-ups are generally unnecessary in a garden-variety long-short fund, where managers can temporarily halt redemptions during market turbulence anyway. Lock-ups and gating provisions are more appropriate when the fund invests in illiquid investments, such as distressed debt, he says.
June 2010 -- Hedge Funds Review
Irwin Latner says transparency and liquidity are two key issues for managers to consider when starting a hedge fund. He opines that lock-ups are generally unnecessary in a garden-variety long-short fund, where managers can temporarily halt redemptions during market turbulence anyway. Lock-ups and gating provisions are more appropriate when the fund invests in illiquid investments, such as distressed debt, he says.
Media Mention
Herrick -- Committed to Its Clients' Success
April 2010 -- Corporate INTL
Herrick's Corporate Department is profiled in Corporate INTL's article "Herrick -- Committed to Its Clients' Success." The article highlights the sophisticated transactions Herrick handles and discusses Herrick's commitment to helping clients achieve their goals.
April 2010 -- Corporate INTL
Herrick's Corporate Department is profiled in Corporate INTL's article "Herrick -- Committed to Its Clients' Success." The article highlights the sophisticated transactions Herrick handles and discusses Herrick's commitment to helping clients achieve their goals.
Media Mention
How Can Hedge Fund of Funds Managers Manage a "Liquidity Mismatch" Between Their Funds and Underlying Hedge Funds?
October 7, 2009 -- The Hedge Fund Law Report
Hedge funds have come to realize that meshing hedge fund strategies and private equity strategies in the same fund does not work well, Irwin Latner says. As a result, hedge funds are generally getting better at matching their liquidity and their portfolios.
October 7, 2009 -- The Hedge Fund Law Report
Hedge funds have come to realize that meshing hedge fund strategies and private equity strategies in the same fund does not work well, Irwin Latner says. As a result, hedge funds are generally getting better at matching their liquidity and their portfolios.
Media Mention
A Pequot Postmortem: What is Headline Risk and How Can it be Avoided or Mitigated?
June 17, 2009 -- The Hedge Fund Law Report
Hedge funds with media-driven image problems -- even those where wrongdoing hasn't been proven or even formally alleged -- face the possibility of increased redemptions and difficulty in recruiting new investors and employees, Irwin Latner says. And unlike most corporations with "headline risk," hedge funds cannot or should not use traditional crisis management techniques, such as apologizing and releasing all relevant facts quickly, he points out.
June 17, 2009 -- The Hedge Fund Law Report
Hedge funds with media-driven image problems -- even those where wrongdoing hasn't been proven or even formally alleged -- face the possibility of increased redemptions and difficulty in recruiting new investors and employees, Irwin Latner says. And unlike most corporations with "headline risk," hedge funds cannot or should not use traditional crisis management techniques, such as apologizing and releasing all relevant facts quickly, he points out.
Media Mention
MassMutual Burned by Madoff
December 22, 2008 -- The Wall Street Journal
Irwin Latner is quoted regarding MassMutual's investments with Bernie Madoff through Tremont Group Holdings, Inc.
December 22, 2008 -- The Wall Street Journal
Irwin Latner is quoted regarding MassMutual's investments with Bernie Madoff through Tremont Group Holdings, Inc.
Media Mention
Hedge Funds Help Fill Gap In Lending For Property
August 27, 2008 -- The Wall Street Journal
Irwin Latner is quoted in this article on why hedge funds find real estate lending attractive.
August 27, 2008 -- The Wall Street Journal
Irwin Latner is quoted in this article on why hedge funds find real estate lending attractive.
Media Mention
Gates Provide Safety Valves for Hedge Funds and Investors
April 15, 2008 -- The Hedge Fund Law Report
Irwin Latner is quoted on investors' redemption requests and hedge funds' reactions.
April 15, 2008 -- The Hedge Fund Law Report
Irwin Latner is quoted on investors' redemption requests and hedge funds' reactions.
Media Mention
Congress’ War on Wealth
July 11, 2007 -- CNBC
Irwin Latner discusses, on live network television, the merits and pitfalls of various levels of government regulation of hedge funds.
July 11, 2007 -- CNBC
Irwin Latner discusses, on live network television, the merits and pitfalls of various levels of government regulation of hedge funds.
Media Mention
Regulatory Roundup: Officials Lean Toward More Oversight
December 6, 2006 -- Hedge Fund Alert
Irwin Latner is quoted regarding the SEC's motivation for changing the net-worth threshold for being an accredited investor.
December 6, 2006 -- Hedge Fund Alert
Irwin Latner is quoted regarding the SEC's motivation for changing the net-worth threshold for being an accredited investor.
Media Mention
Raising The Bar
November 20, 2006 -- Alternative Universe
Irwin Latner is quoted regarding the possibility of raising the limits for hedge fund investors and the likely implications.
November 20, 2006 -- Alternative Universe
Irwin Latner is quoted regarding the possibility of raising the limits for hedge fund investors and the likely implications.
Media Mention
Goldstein Asks SEC for Hedge-Fund Filing Exemption
October 24, 2006 -- Bloomberg News
Irwin Latner is quoted regarding the constitutionality of a Congressional requirement that hedge fund managers file reports under Section 13F of the Exchange Act.
October 24, 2006 -- Bloomberg News
Irwin Latner is quoted regarding the constitutionality of a Congressional requirement that hedge fund managers file reports under Section 13F of the Exchange Act.
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