We have represented funds, investment advisers, investment bankers, broker-dealers, insurance companies, banks, holding companies, trust companies and other financial institutions in connection with the planning, structuring, organizing, funding, documentation and day-to-day operation of a variety of private funds and alternative investment products. Our clients range in size from start-ups to household names in the industry.
We are well versed in the regulations affecting domestic and offshore private funds. We frequently interact with regulatory and enforcement agencies - the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Commodity Futures Trading Commission - regarding new legislative and administrative proposals and regulations.
Our lawyers combine their registered fund experience and resources with their proficiency in the rapidly evolving world of alternative investment products. This combination allows us to provide seamless legal services for money managers contemplating the offering of registered alternative fund products, or liquid alternative mutual funds, including managed futures and commodity-linked funds.
Domestic and Offshore Private Funds
We have extensive experience in setting up new private funds and the related documentation and agreements. Our private fund experience includes organizing master-feeder funds, fund of funds and multi-class private fund structures. Once a fund is organized, at the client’s request, we can assist with the development of a compliance program that is appropriately tailored to the needs of each particular fund and the conduct of its business.
Registered Alternative Funds
Through our registered fund experience and our proficiency in setting up new private funds, we are able to provide all legal services for money managers wishing to offer registered fund of funds or other registered alternative fund products. Our advice relates to fund structures, organization, documentation and agreements, governance, compliance advice and programs, operations and product offerings. We have counseled many advisers with regard to use of leverage, asset segregation requirements, tax compliance (including use of offshore subsidiaries), CFTC and SEC regulations, as well as compliance and risk management requirements and best practices.
Enforcement and Litigation
We advise clients in connection with enforcement proceedings, governmental and internal investigations, and federal and state litigation, including class actions and derivative suits.
The ‘extremely efficient’ group also has expertise in managed futures funds and advises on both CFTC and NFA regulations.The Legal 500 United States 2015
Ranked by Preqin in their 2016 Preqin Global Hedge Fund Report as one of the top 10 law firms servicing funds of hedge funds and one of the top 10 law firms by proportion of onshore hedge funds serviced, as one of the top alternative/hedge fund practices by The Legal 500 United States 2015 and as a top firm in the area of private funds/hedge funds law by U.S. News & World Report-Best Lawyers in 2015.