Sunday, 26 June 2016
Last updated 1 day ago
Sep 10 2013 | 9:43am ET
Hedge funds dealing with complex-transaction headaches will soon be able to call on the former head of the U.S. government bailout program.
Neil Barofsky, who led the Troubled Asset Relief Program under both Presidents George W. Bush and Barack Obama, was named a partner at Jenner & Block. He will be based in the Chicago law firm's New York office.
Barofsky's "background as a senior federal prosecutor in Manhattan and the TARP's inspector general has given him an unparalleled grasp of the most complex financial transactions of the last decade," Jenner managing partner Susan Levy said. "He will undoubtedly enhance the firm's capabilities in securities and other litigation matters on behalf of hedge funds, private equity firms and other entities litigating over complex financial instruments."
Barofsky left TARP in 2011 to join the faculty at the New York University School of Law. There, he wrote a blistering book recounting his time in Washington, blasting federal regulators for being too close to those they were supposed to be overseeing.