People Moves

European M&A heavyweight Freshfields Bruckhaus Deringer is bulking up in New York.

Since its founding in 1991, Wellington Partners has split its funds and firm. The firm now raises separate technology and life sciences funds, which are based out of Jersey. Now the venture capital firm with German roots plans to establish an office in London as part of its pan-European push.

FRONTLINE 2008-11-01 Staff Writer WSIB hires JPMorgan for custody, securities servicesThe Washington State Investment Board has hired JPMorgan to provide custody and securities services for the $82 billion in assets that it manages on behalf of 36 public pension funds. JPMorgan

Planning the design or upgrade of your office requires the right blend of consensus and outside expertise to avoid eyesores and miffed partners.

Venture capital fund formation luminaries Jonathan Axelrad and Robert Fore have left Wilson Sonsini Goodrich & Rosati for Goodwin Procter.

Channel Island Jersey has relaxed rules regime for domiciling funds.

US mezzanine firms fear being labeled as lenders, which can mean a tax of as much as 35 percent.

Tax on carried interest in the UK will change from 10 percent to 18 percent, leaving many with mixed feelings.

Lost amid all the furor over “fat cat” private equity GPs wallowing in tax benefits and carried interest lucre is the fact that the vast majority of private equity firms are not installing waterfalls in their lobbies, but rather carefully overseeing finite budgets.

A majority of the city council supports a proposal by the Working Families Party, a grassroots political group, to include carried interest under the city’s 4% unincorporated business tax.