Top of the Agenda - Legal

IM lawyers jump from Goodwin to Kirkland
Law firm Kirkland & Ellis has boosted its presence in the registered funds space with the hiring this week of a team of five partner-level investment management lawyers from Goodwin Proctor. The team will help expand Kirkland's ability to serve current fund clients and new clients entering the registered funds ...  >> CONTINUE READING <<<

 

 

Court hands Saba another control share win
By Hillary Jackson
The courts have handed Saba Capital Management another victory in its ongoing battle against the adoption by closed-end funds of control share provisions in their bylaws. On Tuesday, the U.S. District Court for the Southern District of New York granted summary judgment to Saba in a case it filed in ...  >> CONTINUE READING <<<

 

 

Defendants, SEC spar in Pinnacle liquidity rule case
By Hillary Jackson
Lawyers for the defendants and for the Securities and Exchange Commission have filed dueling briefs with the U.S. District Court for the Northern District of New York in the regulator's first-ever case related to enforcement of the liquidity risk management rule it adopted in 2016. This follows motions to dismiss ...  >> CONTINUE READING <<<

 

 


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10 Things
10 Ways…to improve fund board diversity

Mutual fund directors are increasingly interested in enhancing diversity on their boards. The following practical tips on improving board diversity are derived from discussions with directors, ...