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Investment Management

Nutter represents investment managers and sponsors of asset management products in a broad spectrum of regulatory, compliance, disclosure and transactional matters, as well as in government investigations, enforcement proceedings and litigation. We provide a wide range of legal services to U.S. and non-U.S. investment managers with respect to U.S. legal matters, including advice on all aspects of formation; investment adviser, commodities trading adviser and broker-dealer registration, sales, divestitures, and strategic investments. Our clients turn to us for practical as well as innovative, results-oriented guidance in navigating the complex landscape of laws and regulations that affect them.

Our clients include large financial institutions with asset management subsidiaries with more than $100 billion under management, to firms with less than $100 million under management. Most of our clients offer a variety of products and services, including managed accounts, mutual funds, ETFs, private onshore and offshore funds, commodity funds, bank-sponsored collective investment funds, funds-of-funds and private equity funds. Their investors include high net worth individuals, institutional investors, ERISA investors and insurance company separate accounts.

Our investment management clients include:

  • Registered mutual funds, including money market funds, fund-of-funds, and manager-of-managers fund complexes
  • Registered closed-end funds, including funds offering alternative investment products to retail investors
  • Independent directors of registered investment companies, helping them to understand their fiduciary and oversight duties, and assist them with evolving board governance issues
  • Sponsors of private investment funds, such as hedge funds, private equity funds, and private cash collateral funds
  • Bank-affiliated asset managers, with investment products such as cash management products, bank-sponsored pooled investment funds, and bank trust and fiduciary accounts
  • Asset managers to high net-worth individuals, endowments, foundations, and pension funds

We also represent broker-dealers affiliated with investment managers that engage primarily in the marketing of mutual funds, hedge funds and private equity funds sponsored by investment managers.

We advise our clients on a full range of disclosure and regulatory matters relating to the federal securities laws, including the Investment Company Act of 1940 and the Investment Advisers Act of 1940. For our clients who are registered investment companies and registered investment advisers, we prepare registration documents and help in all phases of their operations, including disclosure, development and implementation of compliance programs, assistance with regulatory compliance examinations, risk management, written supervisory procedures and marketing practices, drafting and negotiation client and service provider arrangements, record-keeping, and, in the case of investment companies, oversight by independent directors.

Moreover, our investment management attorneys are able to draw on the expertise of other Nutter practices to address our clients’ issues that cross business and regulatory lines. We have substantial expertise with bank regulation, capital markets and derivatives, tax and ERISA. In addition, we represent our clients in strategic transactions, such as recapitalizations, restructurings, mergers and acquisitions of investment advisers as well as investment companies.

We also work with investment managers, their officers and employees who become the subject of a government investigation or a party to litigation arising from their investment management-related activities.

Nutter has an international practice, working with foreign investment managers and non-U.S. fund sponsors, as well as non-U.S. law firms, worldwide from its headquarters in Boston.

Investment companies and their independent directors, hedge fund and private equity fund sponsors, as well as U.S. and non-U.S. asset managers, choose Nutter for our experience with a wide variety of regulatory, disclosure and transactional matters and value our passionate commitment to service and our ability to enhance the business of each client.

Nutter is ranked nationally as a top tier law firm and is recognized by clients for the high quality of its attorneys, the responsiveness of its service, and its practical, results-oriented approach to providing legal advice. Located in Boston’s waterfront Innovation District, Nutter is one of Boston’s largest law firms and has served as legal counsel to leading companies, institutions, and families for over 135 years.