Schulte Roth & Zabel helped Owl Creek Asset Management in connection with founding partner and Chief Portfolio Manager Jeffrey Altman joining the Board of Directors of Anterix on Feb. 13, 2023. Owl Creek is Anterix’s largest shareholder.

The SRZ team was led by partners Ele Klein and Adriana Schwartz and associate Sean Brownridge. The team also included associate Erik Son.

As part of our SRZ Speaker Series, we were honored to host a special conversation with Jonathan Greenblatt, the CEO of the Anti-Defamation League (ADL). Moderated by SRZ partners David Wermuth and Julian Wise, the discussion focused on anti-Semitism, extremism and discrimination. The invaluable insights that Jonathan shared included:

• We have to interrupt intolerance before it becomes something else.
• Don’t eject, embrace. Follow counsel culture, not cancel culture.
• As an ally, follow the three S’s: Speak Up (interject and interrupt intolerance), Share Facts (dial down drama) and Show Strength (play a part when it is about someone else).

SRZ has been a longstanding partner of ADL and we encourage you to read Jonathan’s book, It Could Happen Here: Why America is Tipping from Hate to the Unthinkable―and How We Can Stop It.

Read more about Jonathan Greenblatt.

Learn about the ADL.

Schulte Roth & Zabel today announced the release of the third edition of its comprehensive book on hedge funds, Hedge Funds: Formation, Operation and Regulation. Addressing legal and practical issues of importance to counsel for both sponsors and investors, the book explains the complete spectrum of hedge fund structuring, operation and regulation.

Since the earliest hedge funds were first established more than 60 years ago, the private funds industry has grown dramatically in size and complexity. Hedge funds now represent an entrenched investment product and a significant part of the global economy; as a result, they are also the focus of an increasing amount of regulation.

Hedge Funds covers the history of the industry, various investment strategies, structure and tax considerations, fund terms (such as fee and liquidity structures), regulatory requirements, fund documentation and fund financing, among other topics critical to a full understanding of operating a hedge fund in the present regulatory and market environment.

Offering an understanding of the legal and operational aspects of the hedge fund industry, the SRZ authors represent a broad range of practices and include investment management partners Stephanie Breslow, David Efron, David Nissenbaum, Paul Roth, Jennifer Dunn, Christopher Hilditch, Daniel Hunter and Jason Kaplan; investment management regulatory & compliance partners Marc Elovitz and Anna Maleva-Otto; employment & employee benefits partners Mark Brossman and David Cohen, and retired partner Holly Weiss; finance & derivatives partners Daniel Oshinsky and Craig Stein; mergers & acquisitions partners Ian Levin and Peter Halasz; and tax partners Philippe Benedict, Shlomo Twerski and David Griffel. The authors also received significant contributions from litigation attorney Betty Santangelo, special counsel Patrick Dundas and tax partner David Wermuth.

Published by Fastcase, Hedge Funds is available in both PDF and hard copy formats.

Schulte Roth & Zabel represented Voce Capital Management in its investment in Argo Group International Holdings, Ltd., an underwriter of specialty insurance products, which announced on February 8, 2023 that it has entered into a definitive merger agreement whereby Brookfield Reinsurance will acquire the company in an all-cash transaction valued at approximately $1.1 billion.

Voce previously entered into a cooperation agreement with Argo pursuant to which three new directors were appointed to the company’s board of directors.  Subsequently, in August 2022, J. Daniel Plants, Chief Investment Officer and a founder of Voce, was appointed to the board and to its strategic review committee.

The Brookfield transaction represents the conclusion of Argo’s evaluation of strategic alternatives that was led by the strategic review committee. Voce entered into a voting and support agreement with Argo and Brookfield in connection with the announced transaction and under which Voce, among other things, has agreed to vote in favor of the approval of the transaction, subject to certain conditions.

The SRZ team was led by partners Ele Klein and Adriana Schwartz and associate Sean Brownridge. The team also included associate Erik Son.