Politics & Regulation

Funds bring legal counsel in-house as compliance burden grows


An increasing number of hedge fund firms are hiring an in-house general counsel for the first time as the regulatory landscape becomes more complex, according to the head of the legal recruitment practice at Twenty Professional Services.

Ogetay Akman describes the alternative investment market as historically “a largely unregulated and somewhat maverick sector,” but observes that this is changing now that a raft of new regulatory initiatives are piling up, such as the Alternative Investment Fund Managers Directive and regulation around OTC derivatives and short-selling.

These new regulations mean large-scale implementation programmes, and firms are increasingly aware of