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 multi-strategy 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” for his work on the launch of ExodusPoint’s flagship hedge fund, which was reported by news outlets to be the largest hedge fund start-up launch in history. In 2020, David was recognized as a “Rising Star” by Law360 in the Fund Formation category.
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.
David is part of Sidley’s Investment Funds practice team that has won numerous top awards as a provider of legal services to the private funds industry: two-time winner of Chambers and Partners’ “Investment Funds Team of the Year for the U.S.”; Institutional Investor’s Alpha magazine’s 2014 Alpha Awards top “onshore” (U.S.) law firm serving the hedge fund industry; four-time recipient of first-tier national rankings in the U.S. News — Best Lawyers “Best Law Firms” rankings for Private Funds/Hedge Funds Law, and Derivatives and Futures Law; and ranked in the top band for Hedge Funds by Chambers USA every year since 2008.