“David Mahaffey is insightful and practical. He understands your counsel`s needs not only in terms of legal advice, but also in terms of each fiduciary`s specific areas of interest. He is, in my opinion, after dealing with a lot of external advice, the best!! Vedder Price`s “close-knit group of professionals” uses its “exceptional industry knowledge” and “excellent command of the 1940 law” to advise hundreds of segregated, open-ended and closed-end registered funds with assets ranging from less than $5 billion to $100 billion. The Group regularly assists clients in arranging and registering new funds, exemption and non-action applications, governance matters, regulatory and compliance matters, SEC reviews and contracts – including those relating to advisory, custody, brokerage and transfer agency services. In Chicago, Cathy Gonzales O`Kelly focuses her practice on representing registered investment firms and their boards of directors, while in Washington DC, Bruce Rosenblum is taught primarily by independent mutual fund and EFT administrators. The team is also represented in the New York office, where Jeremy Senderowicz is an important name. Led by New York-based Gregory Rowland, Davis Polk & Wardwell LLP continues to excel as a leading advisor on all ETFs; The team is regularly engaged by major investment banks – Goldman Sachs and Morgan Stanley are just two examples of the big names on this list – to assist them with EFTs, including representing these clients in dealing with large ETF complexes and advising on alternative ETF seed methods. Broadening this focus, the Group has also developed extensive experience in brokerage and regulatory issues involving commodities and derivatives. The firm frequently handles SEC-related mandates at the request of asset managers who have received material default letters or subpoenas regarding their mutual funds.
“Prufesh Modhera creates a crucial balance of legal advice from a business perspective that we see as distinctive in the industry.” For example, Fidelity 500 Index Fund (FXAIX), a large-scale blended fund, had over $308 billion in assets under management as of March 31, 2021. Investments include Apple, Microsoft and Amazon. Dechert LLP`s “long and extensive work in this area provides information” to funds, their advisors and other service providers, boards of directors and audit committees, independent directors, broker-dealers, insurance companies and banks; Many big names in the industry instruct the team. The offering has the advantage of having “extensive global experience and resources” and can leverage this to provide clients with innovative advice and in-depth market knowledge wherever they operate. Boston-based Christopher Harvey, who is co-chair of the firm`s global financial services division, is praised by clients for his “world-class technical knowledge and skills.” The Group`s significant national presence is reinforced by the presence of recommended practitioners in offices in Washington DC, San Francisco and New York. The first of these locations includes Megan Johnson, who is known for advising mutual funds and ETFs on all aspects of the Investment Companies Act of 1940, and Douglas Dick, who exemplifies the practice`s commitment to regulatory, transactional and procedural work in the area of registered funds. “Fund company” is a term commonly used to describe an investment company, which is a company or trust that invests investors` common capital in financial securities. This is usually done through a closed-end fund or an open-ended fund (conventional mutual fund).
Fund companies may also offer ETFs and other vehicles called segregated accounts and CITs. In the United States, most fund companies are registered and regulated by the Securities and Exchange Commission under the Investment Company Act of 1940. Mutual funds pursue a variety of investment strategies. Equity funds, bond funds, index funds, money market funds, and ETFs can all be organized into mutual funds. Seward & Kissel LLP`s broad range of offerings is also able to represent registered investment firms and other similarly regulated firms, and therefore serves clients that include mutual funds, closed-end funds, ETFs, BDCs and other companies registered under the Investment Companies Act of 1940 and the Stock Exchange Act of 1934. The Washington DC office employs many of the most important practitioners in this field; Paul M Miller and Robert Kurucza are the central contacts at the management and management levels. The arrival in November 2021 of attorney Alexandra Alberstadt, who has extensive experience working with registered investment advisors on various regulatory matters affecting their business, as well as issues related to Practus` blockchain and cryptocurrency space, has also significantly strengthened the firm`s presence in New York.
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