Norwalk Advocate – Crisis can create opportunity, and for the smart hedge fund operator, the downturn gripping the global investment community is a chance to build a respected reputation in the industry.

While the financial crisis has been unprecedented, so will be the opportunities for firms that have superior compliance and risk management capabilities, said Walter Zebrowski, chairman of the Regulatory Compliance Association, which co-hosted the Hedge Fund Leadership Thought Summit this week at the Stamford Marriott.

"What it’s going to take is your leadership to act as the brake pedal when people want to take risks," he said, adding that the government plans on putting regulations on the hedge fund industry. "What does this mean for us? Everyone’s going to have to step up their game in terms of risk management."

Zebrowski is also chief investment officer for Hedgemony Partners, a Manhattan-based global private equity firm.

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Tags: activist, airline, associate-partner, asyst-technologies-inc, business-professionals, contagion, cpi, current-value, kary, powerhouse, recession, university-of-texas, volatility

Caymen Net News – Law firm Ogier has captured another coveted hedge fund industry award for its leadership in the offshore investment funds arena.

The Hedge Fund Journal awarded Ogier “Offshore Law Firm of the Year 2008” by a panel who judged contenders for the award based on innovative transactions and ground-breaking work.

Ogier picked up this award for the 2007 Absolute Capital restructuring, which was the first fund restructuring of its kind to be carried out in the public eye.

Rod Sparks, Publisher of The Hedge Fund Journal, congratulated Ogier on the win, noting one of the main reasons for the panel’s choice.

“In giving our Offshore Law Firm award to Ogier we seek to acknowledge the very significant strides taken by Ogier to build out its hedge fund practice in the top offshore centres,” he said.

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Tags: activist, gso, offshore-group, reuters-investor

Guardian Unlimited- The struggling internet company Yahoo has struck a pact with its billionaire critic Carl Icahn by giving the hedge fund activist a minority presence on its board to avoid a potentially tempestuous showdown at a shareholder meeting next month.

Facing crumbling support among Yahoo investors, Icahn yesterday abandoned his efforts to overthrow the leadership of the embattled Silicon Valley company and force its sale to Microsoft.

Instead, the 72-year-old Icahn & Co hedge fund manager is settling for an offer of three seats on Yahoo’s board. One director will stand down and the board will expand from nine to 11 members. Wall Street analysts greeted it as a qualified victory for Yahoo’s founder, Jerry Yang, who has pressed hard to maintain its independence and who waged an energetic campaign to discredit Icahn.

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Tags: activist, brian-l-roberts, conglomerate, journalism, market-share, newcastle, newfound-wealth, plaintiffs, savings-banks, search-unit, sharkwatch