Stonegate Global Fund Services has tapped attorneys Hays Ellisen and Michael Blackburn to lead its business expansion efforts in hedge fund formation and fund administration in New York.
"Stonegate's rapid growth is evidence that fund managers prefer to have fund formation, regulatory and compliance, fund administration, and prime brokerage services delivered through one organization, with a reasonable cost structure, rapid turn-around time, and excellent customer service," stated Ellisen. "I am excited to join the Stonegate team as we expand our New York presence and continue delivering value-added, comprehensive solutions to our clients."
Ellisen will serve as Senior Fund Counsel supporting Stonegate's growing client base in the Northeast. Ellisen will focus on the formation and administration of complex hedge funds, venture capital and private equity funds in New York and throughout the East Coast region. Ellisen has extensive industry experience having served as underwriter and issuer counsel at Sidley Austin LLP, Katten Muchin Rosenman LLP, the former McKee Nelson law firm, as well as his current role as managing partner of Shahmoon & Ellisen LLP. He holds his J.D. from the University of Michigan Law School, as well as a BA from the University of Minnesota.
Michael Blackburn, Associate Counsel of Stonegate Global, says: "I am thrilled to join a reputable organization like Stonegate that offers extensive industry knowledge in the emerging hedge fund manager space. I am confident that given my legal, marketing and financial background, I can vastly expand Stonegate Global on the East Coast. I plan to position and grow our innovative Hedge Fund in A BoxSM service as the solution for all hedge fund managers who are looking to establish a new fund. I am extremely fortunate to be working with some of the brightest minds in the alternative investment fund space, and could not be happier to grow with a company that is unique in the services we provide."
Blackburn will also be assisting clients with domestic and offshore fund structuring, as well as regulatory and compliance matters. Blackburn has industry experience in wealth management; trust formation and estate planning for high net worth and ultra-high net worth clients. Michael also brings experience from both Merrill Lynch and Empire Wealth Strategies. Leveraging his multi-tiered background in legal and finance, Michael brings a fresh perspective to an industry that is becoming increasingly more complex and diverse. Blackburn holds his B.S. in English from Lafayette College, as well as his J.D. from Touro College.
John McCorvey III, CEO of Stonegate Global, says: "We are very fortunate to have Hays and Michael as a part of the Stonegate team. They both bring with them significant expertise in fund formation, regulatory and compliance, prime brokerage, wealth management, and trust formation. They will provide an additional layer of support and expertise for our clients as we work on complex client fund structures in various asset classes."
