Specialising in investment funds, Iain focuses particularly on structuring hedge funds and advising hedge fund managers. He has advised on the establishment of some of the largest and best known UK hedge fund managers, including Brevan Howard, BlueCrest, Lansdowne, Marshall Wace and Egerton.
Iain is a member of the core team dedicated to start-up hedge fund work in London. The team is behind Simmons & Simmons LaunchPlus - the firm’s online resource for start-up hedge fund managers.
Iain qualified as a solicitor in 1980. He became a partner in 1986 and is in the financial services group within the London financial markets department. Iain has served as (honorary) General Counsel of the Alternative Investment Management Association (the global not-for-profit trade association for the hedge fund industry) since its foundation in 1990, was Co-Chairman from 1991-1995 of the Commodities, Futures and Options Committee of the Section on Business Law of the International Bar Association and was the co-editor of Hedge Funds: Law and Regulation published by Sweet & Maxwell (2001). Iain has also served on the Editorial Board of Futures and Derivatives Law Report.
Iain is ranked as a Band 1 leading individual for hedge funds work in the 2013 - 2016 editions of Chambers guide to the UK legal profession, quoted as “the most senior expert on bank regulatory and AIFMD work. You can make use of his big picture of the entire asset management market” (2013), “extremely good. He has bags of experience, is technically very strong, has very in-depth knowledge of the industry and is able to add considerable value” (2014) “has a very strong brand and is a very strong practitioner” (2015) and "at the top of the market" (2016). He is also recommended in the 2012 - 2016 editions of The Legal 500 directory for his hedge fund practice.
Iain was named in the Finance section of The Lawyer’s The Hot 100 2007, won the Best Lawyer award at the Hedge Fund Journal Awards 2007 and was presented with a Hedge Funds - Law and Practice – Outstanding Contribution award at the Hedge Fund Journal Awards 2014.