Institutional Investor's Alpha Magazine has ranked Sidley Austin LLP the number one legal adviser to the hedge fund industry among onshore law firms for the second consecutive year.

Thomas A. Cole, chair of the firm's Executive Committee said, "We are particularly gratified by the results of this year's Alpha Awards because we have once again been chosen by our clients," he explained. "We have been privileged to work with some of the most respected hedge funds and alternative asset managers and we are very proud of the performance of our team, which this ranking acknowledges."

The Alpha Awards are calculated from the responses of nearly 1,000 hedge fund firms, representing roughly $1.4 trillion in assets under management. Additionally, this year Alpha introduced a new ranking showing which providers best serve hedge fund firms with assets $1 billion or more; Sidley was ranked first in this new category. Additionally, Sidley placed first in almost every sub-category, including "business planning," "client service," "hedge fund expertise" and "regulatory and compliance."

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