Private equity and hedge fund transactions now comprise, on average, 11% of all institutional portfolios. For many institutions, these so called “alternative investments” comprise more than 25% of their assets. What are these “alternative” investments, and why are they so popular with institutional investors? And since they seem to be so attractive to professional money managers, how can you, as a retail investor, access them?
Marc has served as outside general, investment and fiduciary counsel for many large statewide public pension plans throughout the United States. He has also represented numerous public pension plans, sovereign wealth funds, insurers and banks in connection with their alternative investments. Several administrators of state-wide pension systems have recognized him as one of “the most knowledgeable and experienced public pension lawyer in this State.”
A Board Certified Specialist in Real Estate Law, Marc regularly documents real estate investments of his clients. Currently, those investments include office buildings, health spas, master planned communities, hotels, golf courses, shopping centers, convenience store/gas stations, restaurants, historic renovations, raw land and condominium towers throughout the United States, amounting to more than $1.5 billion. He has also documented scores of land banking transactions and, to date, he and his Group have negotiated over $6 billion in private equity and hedge deals, documenting between $100 million and $300 million of these transactions monthly.
Marc currently serves as a member of the Arizona Supreme Court Committee on Character and Fitness. He is a former member of the Arizona Judicial Review Performance Commission, past Chair of the Appellate Section of the State Bar of Arizona, a former Judge Pro Tem on the Arizona Court of Appeals, and past Chair of the Editorial Board of Arizona Attorney Magazine. He is a frequent lecturer on investment related issues, and has written numerous articles on investment topics. He received the Scottsdale Bar Association Award of Excellence in 2021.
In addition to the various public plans, Marc has represented numerous private pension plans in ERISA litigation, and obtained the first published decision in the Ninth Circuit that awarded a plan its fees against a benefit claimant, something unheard of in benefit cases. He recently obtained one of the largest defense verdicts in the United States for the year ending January 31, 2017, defeating a $200 million claim and obtaining a $4.9 million defense award.