For the second year in a row, Ogier takes home the prize of Top Offshore Law Firm from Alpha Hedge Fund Service Provider Survey.
The results of this year’s Alpha Awards were tabulated from responses of nearly 1,000 hedge fund firms, which manage an estimated $1.4 trillion in assets. Alpha magazine collected votes from over 1,000 hedge fund managers who rated the quality of service by their providers of legal, administration, prime brokerage and audit services.
The service elements were broken down into broad categories with more specific sub-sets. Respondents also rated the importance of each service attribute, forming the basis of the calculation that put Ogier at the top of the list.
In addition to the Overall category, Ogier placed first in two new rankings for this year, namely Small Firm Favourites (managers with less than $1 billion in assets) and Big Firm Favourites (hedge fund firms with assets $1 billion or more) and received top marks in the subsidiary categories of: client service, document preparation and fund formation, hedge fund expertise and regulatory and compliance.
Michael Peltz, editor of Alpha, described the research process for the award.
‘The research was designed to dig deeply into the views of the investment managers to get a clear understanding of their opinions on the quality of work supplied by their service providers. For firms to be considered in the overall rankings, they had to be ranked among both small and big hedge fund voters,’ he said.
Peter Cockhill, Ogier partner gave tribute to the whole investment funds team who were responsible for the win.
‘This award is testimony to the expertise and hard work of Ogier’s attorneys and support staff who have demonstrated for a second year that they are the best in the business,” he said.
This award will stand in good company with the other awards the firm has brought home this year, including Offshore Law Firm of the Year – The Lawyer, Offshore Law Firm of the Year – Citiwealth, Jersey Law Firm of the Year – Who’s Who Legal and Top Offshore Law Firm Q1 & Q2 – FactSet Global Filings.