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Heathcoat House
20 Savile Row
London W1S 3PR
United Kingdom
P: +44 (0) 20 7081 8044
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Josh Dambacher is a partner in the London office, where he advises on the establishment and operation of investment management businesses, hedge funds, private equity funds, hybrid funds, UCITS funds and funds of funds. He also advises on regulatory issues, manager compensation, fund restructurings, and seed capital and joint venture arrangements. A rundown of Josh’s recent representations clearly shows the range and variety of his practice. To cite just a few examples, he represented: an entrepreneurial sponsor in the launch of a multi-strategy hedge fund and related seed investments, an investment manager in the restructuring of its UK, US and Cayman Islands operations, an investment manager in the formation of private equity funds and managed accounts focusing on leveraged and mezzanine finance. In addition, he provides ongoing advice to multiple European investment managers regarding U.S. securities law compliance.
A frequently published author and much-sought-after speaker, Josh has written or presented on topics of vital importance to the alternative investment industry, including “UCITS and Hedge Funds: Fact, Fiction and the Real Opportunities,” “Proposed European Union Directive on Alternative Investment Fund Managers” and “FSA Clarification of Short Sale Prohibition and Disclosure Requirements.” Josh holds a JD from the University of Michigan Law School; an MBA from Purdue University, where he was Phi Beta Kappa; and a BBA, with distinction, from the University of Missouri.
Selected Representations
General Experience
Advise sponsors of investment management funds regarding the structure and formation of hedge, private equity and hybrid funds.
Advise principals regarding the structure of their investment management businesses including carry-sharing arrangements and other complex incentive compensation systems.
Advise investors and investment managers regarding seed and strategic investments and joint ventures.
Advise financial institutions and investment managers regarding the spin off and restructuring of investment management businesses.
Advise investment funds regarding alternative leverage structures (permanent and otherwise).
Advise investment managers with respect to regulatory and compliance issues.
Recent Representations
Investment manager, with over $12 billion in assets under management, in a global restructuring of its operations in Guernsey, the United Kingdom, the United States and the Cayman Islands.
Investment manager, with over $14 billion in assets under management, in connection with the formation and launch of multiple private equity funds and managed accounts focusing on leveraged loans and mezzanine lending.
Entrepreneurial sponsor in launch of $1 billion multi-strategy hedge fund and negotiation of seed investments by a major U.S. financial institution and foundation.
Investment fund’s seed investments in a long-short equity fund and a carbon-trading fund.
Investment manager, with over $15 billion in assets under management, with respect to compliance with United States securities laws including the U.S. Securities Act, the U.S. Securities Exchange Act and the U.S. Advisers Act.
Major investment bank creating a hedge fund platform from one of its proprietary trading desks.
Investment manager in sale of minority interest of its investment management business to major investment bank.
Activist funds in connection with the structuring and formation of multiple single company acquisition vehicles.
Hedge funds in negotiation of side letters with major investors.
Investment manager in sale of 100% of its investment management business to another investment manager.
Private equity funds in use of cross-fund financing through total return swaps.
Selected Publications
“Proposed European Union Directive on Alternative Investment Fund Managers,” SRZ Client Memorandum, 15 July 2009
“UCITS and Hedge Funds: Fact, Fiction and the Real Opportunities,” The Hedge Fund Journal, April 2009 (co-author)
“FSA Clarifies Short Sale Disclosure Requirements,” SRZ Client Alert, 31 Oct. 2008 (co-author)
“FSA Clarifies Short Sale Prohibition and Disclosure Requirements,” SRZ Client Alert, 25 Sept. 2008 (co-author)
More
Selected Speaking Engagements
“New Legislative and Regulatory Initiatives,” SRZ 19th Annual Private Investment Funds Seminar, 14 January 2010, New York
“EU Directive and Proposed SEC Registration”, Hedge Fund Leaders Conference, 1 December 2009, London
“Alternative Investments in the Regulatory Spotlight”, ALFI European Alternative Investment Funds, 24 November 2009, Luxembourg
“U.S. Regulatory Developments for UK, European and Other Non-U.S. Investment Managers”, SRZ Audio Conference Series, 20 October 2009, London
“Comparing U.S. and U.K. Regulatory”, FINRA US Securities Regulation Course, 14 October 2009, London
“European Union Draft Directive on Alternative Investment Fund Managers – What US Managers Need to Know”, Bank of America Merrill Lynch Seminar, 17 September 2009, New York
“EC Draft Directive on Alternative Investment Fund Managers – What You Need To Know, What You Need To Do”, Bank of America Merrill Lynch Seminar, 22 July 2009, London
“Accessing Complementary Distribution Channels Via Regulated Products Including UCITS for Alternative Managers”, Building a Sustainable Asset Management Business, Carne Group/SRZ/Morgan Stanley Seminar, 3 June 2009, London
“What Managers Need to Know About the New European Directive”, SRZ Audio Conference Series, 8 May 2009
“Publicly Offered Hedge Funds in Europe – New Possibilities for UCITS Products”, SRZ Audio Conference Series, 17 March 2009
More
Other Distinctions
PLC Which Lawyer's Leading Investment Management Attorney
Bar Admissions
Court Admissions
- Southern District, New York
- Eastern District, New York
Education
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University of Michigan Law School, J.D.
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Purdue University, M.B.A.
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University of Missouri, B.B.A., with distinction
Prior Experience
Shearman & Sterling
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