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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, 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: