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Registered Investment Companies

We offer sponsors of mutual funds registered under the Investment Company Act of 1940 advice on structuring, operating, and distributing funds. We advise clients on a wide spectrum of asset classes and structures, including:

  • Domestic and international equity and fixed income funds
  • Money market funds
  • Funds of funds (including target date funds) and master-feeder funds
  • 1940 Act-registered alternative investment funds
  • Federal and state records retention requirements

We advise 1940 Act fund sponsors on a wide range of ongoing and transactional matters, including: 

  • Registration of new mutual funds under the 1940 Act and the 1933 Act
  • Negotiation of key service provider agreements, including advisory agreements, sub-advisory agreements, administration agreements, custody agreements, transfer agency agreements, distribution agreements, credit facilities, and securities lending and repurchase agreements
  • Annual renewal of advisory contracts and Rule 12b-1 distribution plans
  • Reorganization of funds, including related shareholder proxy solicitations
  • Establishment of multi-class funds
  • Affiliated transactions issues
  • Portfolio valuation issues

Representative Matters

Our attorneys have worked on the following matters:

  • Ongoing advice on regulatory issues arising from the financial crisis and resulting legislative and regulatory reform initiatives, including money market fund reform proposals and the Volcker Rule provisions of Dodd-Frank
  • Reorganizations and liquidations of a large number of mutual funds arising from multiple investment adviser acquisitions
  • Establishment of new mutual funds across a range of investment strategies, including “target date” funds of funds

Rimon Attorneys With Expertise in Registered Investment Companies Include: