New York, November 12, 2012Schulte Roth & Zabel ("SRZ") is pleased to announce that Brian T. Daly has joined the firm as a partner in its Investment Management and Regulatory & Compliance groups. Resident in the firm's New York office, Mr. Daly concentrates on advising hedge and private equity fund managers on regulatory, compliance and operational matters, including registration and disclosure obligations, trading issues, advertising and marketing, and the establishment of compliance programs.

Mr. Daly joins the firm after nearly a decade serving in-house as general counsel and chief compliance officer at several prominent hedge fund firms. He most recently was with Kepos Capital LP, which he joined in early 2010 as a founding partner. Previously, he served as the principal legal counsel and compliance officer for Raptor Capital Management LP and Carlyle-Blue Wave Partners Management, LP, joining both firms at inception. Mr. Daly began his in-house career at Millennium Partners, L.P., where he became general counsel.

"Having worked with Brian as a client of the firm, we have first-hand experience of his knowledge and expertise," said Marc Elovitz, chair of Schulte Roth & Zabel's Regulatory & Compliance group. "Brian's legal insight and industry experience will prove invaluable to our clients as regulatory requirements grow in number and complexity."

Mr. Daly is well-known for his thought leadership in the regulatory and compliance area as it affects alternative investment funds. He served as co-chair of the Managed Funds Association's General Counsel Forum and a steering committee member of its Investment Advisory Committee. In addition, Mr. Daly is a visiting lecturer at Yale Law School, where he teaches "In-House Lawyering: Ethics and Professional Responsibility." Mr. Daly graduated, with distinction, from Stanford Law School in 1996. He received his B.A. in History, magna cum laude, from Catholic University of America and an M.A. in Asian Studies from the University of Hawaii (with an East-West Center fellowship), where he qualified in Mandarin and also studied Cantonese. He is admitted in New York and California (currently inactive), and has represented clients in proceedings and interactions with regulators in the U.S., U.K. and Asia.

Commenting on joining the firm, Mr. Daly said, "This is an opportune time to focus on regulatory issues in the private fund industry. I am very excited to join SRZ's Regulatory & Compliance team and help guide our clients."

"We are delighted to expand our market-leading regulatory and compliance practice," added Alan Waldenberg, chair of the firm's Executive Committee and chair of the Tax Group. "There has never been a time that our services in this area have been more important to our clients."

Schulte Roth & Zabel's Regulatory & Compliance group is uniquely situated to advise fund managers on the increasingly complicated range of legal requirements. The firm represents more than 300 private fund managers, including 50 of the 100 largest hedge fund managers. The Regulatory & Compliance group consists of dedicated attorneys with many years of experience including in-house at private fund managers and at the Securities and Exchange Commission and the U.S. Attorneys’ Offices. With this expertise and unique market vantage point, the Regulatory & Compliance group attorneys provide sophisticated advice to clients on the regulatory requirements that are playing an increasingly important role in the private fund industry.