Hedge Fund Formation and Compliance

Our securities attorneys have experience ranging from representing managers starting and setting up their first hedge funds, experienced fund managers forming multiple funds, large institutions establishing funds of funds, to the broad array of structured investment vehicles and separately managed accounts within other investment platforms. Our services include:

  • Structuring and forming your hedge fund with the appropriate legal structure;
  • Providing advice on management structure, including master-feeder, side-by-side, umbrella, series, and hybrid funds;
  • Counseling on ongoing compliance under the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Acts of 1933 and 1934, the Commodity Exchange Act, ERISA, broker-dealer/FINRA regulations and state laws affecting funds:
  • Drafting compliance policies, procedures and training programs to cover topics including codes of ethics, soft dollars, trade allocation, proxy voting, privacy policies, and safeguarding of information;
  • Drafting offering memoranda, partnership and operating agreements, subscription documents, and due diligence questionnaires for potential investors;
  • Personnel issues including employment, consulting and compensation agreements;
  • General advice on day-to-day issues and on marketing issues; and
  • Monitoring changes in rules and regulations which could impact your fund.