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:

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  Benjamin Douglas

  Private Investment Funds, Fund Formation, Securities and Capital Markets

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  Susan F. Klein

  Tax, International Transactions

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  David Mittelman

  Securities and Capital Markets, Regulatory, Compliance & Corporate Governance

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  Carl Sherer

  Mergers and Acquisitions, Securities and Capital Markets, Israel, Special Purpose Acquisition Companies, Banking and Financial Services, Corporate and Business Transactions, Emerging Companies and Venture Capital, CFIUS/National Security

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  Frank Vargas

  Corporate and Business Transactions, Emerging Companies and Venture Capital, Banking and Financial Services

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  Thomas M. White

  Employment Law, Employee Benefits and Executive Compensation, ERISA, Banking and Financial Services