A recent FundFire article by Maureen Brody features JW Michaels managing partner Jason Wachtel:
William Ackman’s Pershing Square Capital Management has hired former federal prosecutor Jenna Dabbs as senior counsel, The New York Times reports.
Dabbs, who headed the narcotics unit at the U.S. Attorney’s Office in Manhattan for the past year-and-a-half, joined the $18 billion hedge fund about a week-and-a-half ago after eight years of federal service focused primarily on drug and securities cases. She will work on compliance and regulatory issues at Pershing Square, the Times notes.
She is one of an increasing number of veteran prosecutors who have moved to hedge funds or private equity firms rather than big law firms. She tells the Times she has known Ackman for “many years” and thinks it makes sense to have prosecutorial expertise on board in the highly regulated hedge fund industry. Having a former prosecutor on staff builds a fund company’s reputation with investors, especially large public pension plans, Jason Wachtel, a managing partner at recruitment firm JW Michaels & Company, tells the Times. It’s part of the message that compliance is a priority, he says.
Visit FundFire to read the original article [paid subscription]: Ackman Hedge Fund Hires Federal Prosecutor By Maureen Brody
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