Investment Management Forum

[joeblo21]

I got plugged with an investment management partner for my interview even though I didn't list it as a preference. Problem is, I have no idea what type of law that is or what the practice entails. Anyone have a quick rundown so I can pass it off like I know what I'm talkign about?

[imchuckbass58]

It's essentially advising hedge funds and/or private equity firms.

Notably, it's NOT advising them on transactions. Rather it's advising them on (1) fund formation - contracts with LPs (investors), constituent documents, tax advice, etc., (2) regulatory issues, and (3) internal legal matters since most of them don't have a GC. (1) is the vast majority of the work.

[joeblo21]

What, if anything, can I say is interesting about the area/the work? I'd like to say that I'm interested in developing policies which help investment managers meet their corporate obligations, but not sure if that is correct. Does it have a large corporate governance aspect to it?

[Anonymous User]

What, if anything, can I say is interesting about the area/the work? I'd like to say that I'm interested in developing policies which help investment managers meet their corporate obligations, but not sure if that is correct. Does it have a large corporate governance aspect to it?

No. Say you are especially interested in developing and adapting fund formation strategies to meet the specific needs of the firm's clients. Investment Management is also heavily regulated by the SEC and the DOL (by way of ERISA), as such it provides an opportunity to engage in more regulatory work than typical general corp. (Compliance with ERISA, Advisers Act, 40 Act, etc.)

http://www.daypitney.com/practices/Priv ... ent-Funds/