Partner

Michael P. Malloy is a partner of Drinker Biddle & Reath LLP and chair of its nationally ranked Investment Management Practice Group.  He counsels a wide range of national and multinational financial institutions.  He has significant experience in a diverse practice in investment company matters, corporate law, securities and finance and day-to-day business matters of corporations, partnerships and business trusts, including public and private securities offerings.

Investment Companies.  Mike has extensive experience in organizing, counseling and reorganizing open- and closed-end investment companies.  His clients include proprietary and private label funds, multimanager funds, single and multiseries funds, single and multiclass funds, master-feeder funds, and registered funds of hedge funds.  Mike also has substantial experience serving as independent counsel to independent directors, advising them on a broad range of issues and matters.  He has also worked closely with regulators.

Hedge Funds, Private Equity Funds and Alternative Investment Products.  Mike’s practice also focuses on advising domestic and offshore private funds and private equity funds in planning, funding and structuring strategies (including the associated documentation and agreements) and in their day-to-day operations. 

Investment Advisers.  Mike has experience with the organization, day-to-day operations and mergers of investment advisers.  He counsels them on a wide range of matters, including investment, regulatory and compliance issues such as SEC investigations and inspections, compliance policies and procedures, contract reviews, advertising, soft dollars, trade allocation and valuation of securities.

Other Financial Institutions.  Mike’s practice also encompasses counseling broker/dealers, investment banks, commercial and savings banks and trust companies on investment management regulations and issues.

Professional Background.  Mike received his undergraduate degree from Boston College (summa cum laude, 1981) and his law degree from Boston College Law School (cum laude, 1984, editor of the law review).  He is a member of the Philadelphia Bar Association and the Business Section of the American Bar Association.  Mike serves on the Advisory Board of the Mutual Fund Directors Forum. 

Mike was selected as a leading mutual fund lawyer by The Legal 500 and listed in The Best Lawyers in America for mutual funds.  He is described by clients as a lawyer who has "established an excellent level of professional chemistry" with them, "focuses on the long term," and has "the ability to explain complex matters in readily understandable terms."  Mike has served as co-chair of the Investment Companies Committee of the Philadelphia Bar Association and on the Communications Committee of the Managed Funds Association.  He is a frequent speaker and has also authored many articles on investment management industry topics and developments.