DAVID FORM focuses his practice on hedge funds and other alternative investment products and their investment advisers in connection with corporate, regulatory, and compliance matters. David’s clients implement a broad variety of strategies, including long/short equity, credit arbitrage, distressed credit, mortgage-related, quantitative /systematic, reinsurance, and multistrategy and range in size from startup managers to large institutional advisers. David was shortlisted by Euromoney Legal Media Group for its second annual Americas Rising Stars Awards under the category of investment funds and won that organization’s 2019 “Deal of the Year” award for his work on the launch of ExodusPoint’s flagship hedge fund, which was reported by news outlets to be the largest hedge fund startup launch in history. David has also been recognized as a “Rising Star” by Law360 in the Fund Formation category (2020), and by Who’s Who Legal as a leading Private Funds formation lawyer (2022).
David’s representative matters include:
- Formation and launch of newly formed hedge funds;
- Negotiation of single investor funds, separately managed account agreements, and side letters;
- Negotiation of seed capital and minority interest arrangements; and
- Development of hedge fund management company operating agreements.
David previously served as an in-house lawyer and chief compliance officer for a startup asset manager focused on quantitative-based equity market-neutral strategies. Drawing on this experience, David regularly advises clients on various regulatory and compliance matters from an in-house perspective. David has a particular focus in advising clients on regulatory reporting obligations relating to Form PF and Form CPO-PQR.
David also has experience advising clients on other unique asset management-related products, such as employee securities companies and Investment Company Act considerations relating to index-based structured notes.
Sidley’s award-winning Investment Funds group provides top-tier service to all aspects of the private funds industry. Chambers USA has awarded the group top band rankings in Hedge Funds every year since 2008. Sidley has also been named “Law Firm of the Year” in Private Funds/Hedge Funds Law in U.S. News – Best Lawyers 2022 “Best Law Firms.”