Laurel, co-leader of the firm’s hedge funds practice, has extensive experience structuring and advising a wide range of hedge funds and other private funds, including domestic and offshore partnerships, limited liability corporations and offshore corporations. Recent fund formations include alternative multi-year incentive fee arrangements and innovative hybrid vehicles as well as more traditional hedge fund structures. In addition to fund formation, Laurel assists clients in creating profit-sharing and other compensation structures which provide appropriate incentives and succession strategies.
A former partner at Tiger Management, LLC, a registered adviser and hedge fund group, Laurel brings practical in house experience to bear in her work with clients. Laurel works with clients on a wide range of issues including trade structuring and compliance, meeting with regulators on behalf of clients, assisting with regulatory audits, obtaining exemptive and no-action relief from the SEC and helping develop compliance and internal control procedures. She also assists clients in restructuring their funds when necessary and helps them develop legal and risk management policies with respect to prime brokers and other counterparties.
- Laurel represents PIMCO’s hedge fund platform, assisting them in forming such innovative products as their Tail Risk funds as well as providing continuing advice to their premier absolute return funds. In addition to formation work, she works with PIMCO on a variety of compliance issues related to the day to day operation of the funds and the manager.
- Laurel represents an Asian focused equity long/short fund on a variety of formation, trading, structuring and compliance matters including restructuring the funds, managing counterparty arrangements and structuring investments in Asia.
- Laurel recently assisted Blackstone in the formation of their Strategic Alliance Fund II, a vehicle which seeds third party hedge fund managers. Laurel worked with Blackstone to redesign this cutting edge hybrid private equity/hedge fund vehicle and represents them in structuring the revenue share arrangements with the seed funds.
- Quoted, “In hedge fund transitions, money matters,” Absolute Return (July 9, 2018)
- Quoted, “Up close and personal: How hedge funds monitor employee trading,” HFMWeek (May 1, 2018)
- Quoted, “What do investors want to know about alt data?,” HFMWeek (April 25, 2018)
- Quoted, “Asset Management Group Of The Year: Ropes & Gray,” Law360 (January 26, 2018)
- Featured, “50 Leading Women In Hedge Funds 2017,” The Hedge Fund Journal (May 19, 2017)
- Quoted, “Next Target: Individuals Sharing Investment Letters,” The Wall Street Journal (July 30, 2015)
- Quoted, “5 Reasons Funds Won't Touch JOBS Act Marketing Rules,” Law360 (April 10, 2014)
- Q&A, “Female Powerbrokers Q&A: Ropes & Gray's Laurel FitzPatrick,” Law360 (February 11, 2014)
- Q&A, “Ropes & Gray Partners Share Experience and Best Practices Regarding the JOBS Act, the Volcker Rule, Broker Registration, Information Barriers, Examination Priorities, Multi-Year Incentive Fees and Swap Execution Facilities,” (January 30, 2014)
- Quoted, “Ropes & Gray Partners Share Experience and Best Practices Regarding the JOBS Act, the Volcker Rule, Broker Registration, Information Barriers, Examination Priorities, Multi-Year Incentive Fees and Swap Execution Facilities,” The Hedge Fund Law Report (January 2014)
- Speaker, “Big/Alternative Data,” Deloitte Hedge Fund Symposium 2017 (October 25, 2017)
- Speaker, “Performance Marketing and Advertising: Clarifying the Gray Area,” GAIM Ops Cayman (April 26, 2017)
- Moderator, “The Regulators (FBI, NFA, SEC and More)….What’s on Their Agenda?,” GAIM Ops Cayman (April 25, 2017)
- Speaker, “U.S. Department of Labor’s Final Fiduciary Rules: What They Mean for Hedge Fund Managers,” Managed Funds Association Webinar (May 18, 2016)
- Speaker, “Recent developments at the SEC,”GAIM Regulation Conference (February 4, 2014)
- Speaker, “New Distribution Horizons,” GAIM Ops Cayman (April 29, 2015)
- Speaker, “AIVs, parallel funds and club deals,” IBA’s 16th Annual International Conference on Private Investment Funds (March 9, 2015)
- Speaker, "Spotlight on Marketing and Distribution," MFA Compliance 2014 conference (May 7, 2014)