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Resources for a restructuring associate going in house at a fund
Posted: Wed Jul 06, 2022 10:11 am
by Anonymous User
Hi all,
I'm a 6th year restructuring associate starting a secondment at a hedge fund manager (mostly specializing in distressed debt/equity investments). I feel I'm going to be very out of my wheelhouse, other than things related specifically to chapter 11 deals and litigation. Does anyone have any resources they would recommend that could help get me up to speed on things such as investment management, fund formation, ISDAs, CLOs, etc.? Thanks in advance!
Re: Resources for a restructuring associate going in house at a fund
Posted: Wed Jul 06, 2022 3:21 pm
by Anonymous User
There are a lot of webinars/white papers on various topics within the industry. I would say one helpful publication is the Hedge Fund Law Report. This is a weekly deliverable that covers a few topics each week, but you also have access to their archive. Each article features interviews with experts within the industry and will be helpful on at least getting a foundation on a certain topic. I believe you can get a trial membership, but maybe something your firm would be willing to cover for a short period.
There are also a few books/treatises on fund law that can be purchased (maybe your firm already has a recent copy) but these cost a pretty penny. Happy to answer any particular questions you have off the bat.
Good Luck!
Re: Resources for a restructuring associate going in house at a fund
Posted: Wed Jul 06, 2022 4:08 pm
by Anonymous User
Anonymous User wrote: ↑Wed Jul 06, 2022 3:21 pm
There are a lot of webinars/white papers on various topics within the industry. I would say one helpful publication is the Hedge Fund Law Report. This is a weekly deliverable that covers a few topics each week, but you also have access to their archive. Each article features interviews with experts within the industry and will be helpful on at least getting a foundation on a certain topic. I believe you can get a trial membership, but maybe something your firm would be willing to cover for a short period.
There are also a few books/treatises on fund law that can be purchased (maybe your firm already has a recent copy) but these cost a pretty penny. Happy to answer any particular questions you have off the bat.
Good Luck!
Really helpful, thank you! Any specific treatises you would recommend? I may still have access to my firm's library.
Re: Resources for a restructuring associate going in house at a fund
Posted: Wed Jul 06, 2022 6:04 pm
by Anonymous User
Would you mind if I asked what a ballpark of your comp package is. Not a lot of a data on distressed debt in house positions
Re: Resources for a restructuring associate going in house at a fund
Posted: Wed Jul 06, 2022 6:14 pm
by Anonymous User
Anonymous User wrote: ↑Wed Jul 06, 2022 6:04 pm
Would you mind if I asked what a ballpark of your comp package is. Not a lot of a data on distressed debt in house positions
OP here, I'm on a secondment, so I make my firm salary which is paid by the firm. I've heard from some counsel here with permanent positions that their salary was close to their big law base salary at the year they came in, but don't have any further detail unfortunately.