February 6, 2015 (New York) – Global law firm Proskauer represented DW Partners, LP in its agreement to assume the role of manager for two hedge funds totaling more than $5 billion in assets. The funds were previously managed by Brevan Howard Capital Management, with DW serving as the investment manager for the vehicles and responsible for all investment decisions for the funds since their inception. The transaction took effect on January 1.

DW is a credit-focused multi-strategy asset manager that oversees in excess of $6 billion in hedge fund assets, focusing predominately on corporate, structured and asset-backed investments. The firm has a team of 50 investment and operational professionals, and is headquartered in New York City.

The Proskauer team was led by Hedge Funds partner Robert Leonard, and included partner Michael Mavrides and associates Erica Moscarello and Nicholas Mullen (Hedge Funds); partners Peter McGowan and Kevin Perra, and associates Jani Holmborg, Smriti Kodandapani, Joyce Ng and Louis Sorgi (PIF); partners Robert Gaut and Amanda Nussbaum, and associates Amy Drais and Adam Scoll (Tax); partner Ira Bogner (Employee Benefits); associate Winnie Lee Fraser (M&A); associates Madeline Barenholtz, Nancy Kil and Tiffany Kwa (Corporate).