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919 Third Avenue
New York, New York 10022
United States of America
P: +1 212.756.2124
E:
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Philippe Benedict, a partner in the New York office, focuses his practice on the tax aspects of investment funds, mergers and acquisitions, international transactions, real estate transactions and financial instruments.
Philippe has been involved in many major transactions involving sales or spinoffs of investment fund managers. He recently advised Gresham Investment Management LLC in its sale of a 60 percent stake to Nuveen Investments and represented ABS Investment Management LLC in Evercore Partners Inc.’s $45 million purchase of a non-controlling stake in ABS. He also advised Secor Asset Management LP in regard to an investment by Babson Capital Management.
Philippe attended New York University School of Law, where he was awarded an LL.M. in taxation and a J.D. While attending NYU for his J.D., he was the recipient of a Gruss Fellowship and served on the staff of the Journal of International Law and Politics. He obtained his B.S., summa cum laude, from Adelphi University. A frequent speaker at prominent industry events, Philippe was invited to present on “Structuring the Transaction: Tax, Accounting and Operational Issues” at the Managed Funds Association Hedge Fund Manager M&A Seminar and spoke on “Managing Intellectual Capital: Talent Retention and Compensation in Challenging Business Environments” at Morgan Stanley’s 16th Annual Chief Operating & Chief Financial Officer Forum. He also co-authored “New Paradigm in Asset Manager M&A: Financial Institution Alliances with Hedge Fund Managers,” which appeared in The Hedge Fund Journal.
Selected Publications
“New Paradigm in Asset Manager M&A: Financial Institution Alliances with Hedge Fund Managers,” The Hedge Fund Journal, November 2010 (co-author)
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Selected Speaking Engagements
“Succession Planning” and “Tax Update 2012: FATCA and Other Issues,” SRZ 21st Annual Private Investment Funds Seminar, New York, January 2012
“Managing Intellectual Capital: Talent Retention and Compensation in Challenging Business Environments,” Morgan Stanley 16th Annual Chief Operating & Chief Financial Officer Forum, New York, September 2011
“Structuring the Transaction: Tax, Accounting and Operational Issues,” Managed Funds Association Hedge Fund Manager M&A Seminar, New York, September 2011
Deutsche Bank Global Prime Finance Client Dinner, New York, June 2011
"The Impact of Tax Reform on Financial Management of Hedge Funds," Managed Funds Association-Credit Suisse Seminar, New York, April 2011
“Management Company Capital Transactions,” SRZ 20th Annual Private Investment Funds Seminar, New York, January 2011
“Current and Expected Changes in the Investment Management Business,” SRZ Breakfast Briefing, Greenwich, CT, June 2010
“Compensation in the Post-Deferral Era,” McLagan's Winter Hedge Fund Roundtable, Stamford, CT, February 2010
“Compensation in the Post-Deferral Era,” SRZ 19th Annual Private Investment Funds Seminar, New York, January 2010
“Recent Legal Developments in Hedge Fund Executive Compensation,” McLagan’s Winter Hedge Fund Roundtable, New York, February 2009
“Tax Aspects of Investments in Distressed Situations,” SRZ 18th Annual Private Investment Funds Seminar, New York, January 2009
“Investment Opportunities in Distressed Credit Markets,” SRZ Investment Management Hot Topics Seminar, New York, April 2008
“Strategic Investment in Fund Managers,” SRZ 17th Annual Private Investment Funds Seminar, New York, January 2008
“Public and Private Sales of Ownership in Hedge Fund Managers,” SRZ Cutting Edge Alternative Asset Management Deals Seminar, New York, July 2007
“Major Law Changes/Rules for Registration & ERISA,” SRZ Hedge Fund Compliance Investment Management Hot Topics Seminar Series, New York, September 2006
“Selling the Fund Manager,” SRZ 14th Annual Private Investment Funds Seminar, New York, January 2005
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Bar Admissions
Education
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New York University School of Law, LL.M., 1993
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New York University School of Law, J.D., 1990
- Gruss Fellowship, 1989-90
- Staff Member, Journal of International Law and Politics, 1988-89
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Adelphi University, B.S., summa cum laude, 1985
Prior Experience
Cahill Gordon & Reindel LLP
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