100 Women In Hedgefunds Event: Existing and Proposed Regulation and its Impact on Clients

Education Session No. 595:
AIFMD Update: Existing and Proposed Regulation and its Impact on Clients

When: March 8, 2016 at 6 PM
Where: New York, New York
How do U.S. fund managers market in Europe in the AIFMD era? The new European regulatory environment has left us with more questions than answers:
  • How are U.S. fund managers currently reacting to AIFMD?
  • What is reverse solicitation and how does it work?
  • Are there private placement exemptions to be aware of?
  • Is it easy to passport in Europe?
  • What are the ramifications of falling outside the AIFMD guidelines?

Join us as our panelists discuss the do’s and don’ts of marketing in Europe, including reverse solicitation, marketing passports, and private placement opportunities. These valuable insights will help inform the audience on the best options for raising money in Europe.


Thomas Alabaster, Latham & Watkins LLP
Brandon Gay, The Carlyle Group
Elizabeth MacGaw, J.P. Morgan
Imelda Shine, Intertrust Group Ireland
Nancy KowalczykModerator, Latham & Watkins LLP

Event Details:Date: March 8, 2016
Time: 5 PM Registration.
We will begin promptly at 6 PM; please arrive early. Since it is disruptive to everyone when latecomers enter the session, those arriving after an education session has begun will only be admitted at the discretion of 100WHF and the host. Please note the start time on this invite and plan to arrive early.
Networking and cocktails will follow.
Hosts: Latham & Watkins and Intertrust
Location: 885 Third Avenue, 13th Floor, New York, NY 10022-4834 – Directions

If you have any questions about this event, please contact the New York Education committee.
This event is NOT FOR ATTRIBUTION. All 100WHF events are private events and we require that no one reports publicly on any aspect of them.
Admission is free, but there is a $25 charge if you register and do not attend, even if you cancel in advance. No-show proceeds will be donated to the beneficiary of 100WHF’s most recent US philanthropic initiatives.
If you have no-show fees in arrears, the system cannot register you for an event. You can view and pay for any outstanding no-show fees online from your Member Profile
Space is limited. No walk-ins will be permitted.

Thomas Alabaster, Partner, Latham & Watkins LLP
Tom Alabaster, is a corporate partner based in London and a member of the Investment Funds Practice Group. Mr. Alabaster focuses on advising sponsors, investors and other market participants on fund formation, investment firm structuring and related on-going regulatory and compliance issues. Mr. Alabaster has been named as one of Private Fund Management’s 30 under 40 in fund formation. He has been described as “quickly becoming US managers’ go-to adviser for AIFMD guidance”.

Before Latham, Mr. Alabaster served as a senior counsel at The Carlyle Group and as Carlyle’s Chief Compliance Officer for EMEA. Prior to Carlyle, he practiced investment management law at Debevoise & Plimpton in New York.

Brandon Gay, Vice President & Counsel, The Carlyle Group
Brandon Gay is Vice President and Counsel at The Carlyle Group and is based in Washington, D.C. Mr. Gay joined Carlyle in 2012 and focuses on various compliance matters, including AIFMD compliance. Prior to joining Carlyle, Mr. Gay was an associate at Covington & Burling LLP. He earned a J.D. from the University of Pennsylvania Law School, a Certificate in Business and Public Policy from the Wharton School of the University of Pennsylvania, and a B.A. from Yale University.

Elizabeth MacGaw, Executive Director, J.P. Morgan
Elizabeth MacGaw is an Executive Director of J.P. Morgan’s Private Bank and has been a member of the Alternative Investments Group since 2007, based in New York. Elizabeth is primarily responsible for structuring a diverse array of fund investments across the private equity, hedge fund and real asset space. Prior to joining J.P. Morgan, Elizabeth was an Associate at Cambridge Associates in Washington, D.C., working primarily with endowments and foundations. Elizabeth received a Masters in Business Administration from Duke University Fuqua School of Business and a Bachelor of Arts degree from Washington and Lee University. She currently lives in Brooklyn with her husband and three young children.

Imelda Shine, Managing Director, Intertrust Group Ireland
Imelda Shine is Country Managing Director Intertrust Ireland and was responsible for successfully establishing and growing Intertrust’s business in Ireland.
Imelda was also instrumental in the creation of the Intertrust AIFMD offering in Ireland resulting in the formation of an AIFM, Intertrust Alternative Investment Fund Management (Ireland) Ltd in 2015, of which Ms Shine is Executive Director and Head of Investment. She has experience in multi-asset class investments across both traditional and alternative asset classes. She also has alternative investment experience that spans multi-strategy hedge funds of funds, venture and growth capital private equity funds of funds and direct real estate.

Prior to joining Intertrust, she worked in asset management in both the US and Ireland for over fifteen years where she held a number of executive roles as product specialist and product manager for global and international equity and fixed income funds at Bank of Ireland Asset Management, OppeheimerFunds, LGT Asset Management (formerly GT Global) and Franklin Templeton.

Nancy Kowalczyk, Attorney, Latham & Watkins LLP
Nancy Kowalczyk is counsel in Latham’s Chicago office and is a member of the firm’s Investment Funds Practice.

Ms. Kowalczyk focuses her practice on the representation of investment advisers, private investment funds and broker-dealers. She has significant experience representing hedge funds and their sponsors. She also advises clients regarding regulatory and compliance issues, mergers, acquisitions, and joint ventures involving investment advisers, broker-dealers and funds, private offerings of securities, and fund formations.

About Latham & Watkins
Latham & Watkins is a global law firm with more than 2,200 attorneys in 13 countries. With over 60 international practice and industry teams, the firm is positioned to address our clients’ most complex transactional, regulatory and litigation needs. Latham attorneys collaborate seamlessly across offices to provide regulatory advice to clients in their local jurisdictions and globally.

About Intertrust
Intertrust is the world’s global quality leader in the trust and corporate services sector, providing a broad range of commercial, legal, tax and administrative services to multinational corporations, financial institutions, alternative investment funds and entrepreneurs from every corner of the world. Today, we have over 1,800 specialists working from 37 offices in 26 countries, including the world’s most important financial centers.

About 100 Women in Hedge Funds (www.100womeninhedgefunds.org)
100 Women in Hedge Funds is a global, practitioner-driven non-profit organization serving over 13,000 alternative investment management investors and professionals in 20 locations through educational, professional leverage and philanthropic initiatives. Formed in 2001, 100 Women in Hedge Funds has hosted over 500 industry education events globally, connected more than 350 senior women through Peer Advisory Groups and raised over $38 million for philanthropic causes in the areas of women’s and family health, education and mentoring.