Cadwalader, Wickersham & Taft LLP partner David Teigman was a panelist at a discussion sponsored by Cantor Fitzgerald Prime Services and CompIQ on “Compensating and Retaining Talent in the Hedge Fund Industry” on Nov. 16 in New York.
Joining Teigman, who leads Cadwalader’s executive compensation practice, on the panel were Adam Zoia, CEO and Founder, CompIQ, and Valerie Valtz-Edis, Senior Vice President, D.E. Shaw & Company. The panel examined compensation deferrals and compensation metrics heading into year-end; state legislation and trends that will impact recruiting; and the use of data science and artificial intelligence in recruiting.
“From a compensation perspective, there is a lot going on within the hedge fund industry,” Teigman said. “Firms are being impacted both by a complicated regulatory environment and a real race to bring in and retain top talent. Firms that can win this race will find themselves with a significant competitive advantage.”
Based in New York, Teigman advises public and private companies on compensatory and benefit arrangements, such as equity-based incentives, cash-based incentives and employment, change-in-control, retention, separation and consulting agreements. He also advises on corporate governance, tax law and securities law related to employment matters.
Cadwalader’s Executive Compensation, Benefits & ERISA practice helps clients navigate the complexity of managing relationships with employees and employee benefit plans, providing guidance to public and private companies, tax-exempt entities, boards, investors, financial services firms and individuals both in the context of extraordinary corporate events and day-to-day operations. The firm’s lawyers advise on mergers and other complex transactions; financing; corporate governance; equity and cash compensation plan design; benefit and retirement plans; hiring, retention and separations; succession planning; employment litigation; tax; securities law compliance; disclosure; insider trading plans and Section 16 compliance; and fiduciary standards, prohibited transaction rules and other plan investment matters.
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