Henry Bregstein, Co-Managing Partner of the firm’s New York office and Global Chair of the Financial Services Practice, was quoted in an article in Euromoney magazine on the difficulty hedge fund managers are having in the current uncertain and volatile financial environment. "It is harder to make money and this may be a long cycle but the nature of hedge fund managers is not to give up," said Mr. Bregstein. "People tend to exit the industry based on having made enough money or being under pressure from regulation. They are looking elsewhere. So in debt and credit strategies, many managers are looking to opportunities outside the U.S." ("Investors Hold Their Nerve as Hedge Fund Returns Plunge," October 26, 2011)