Exam Type: In Class
This course covers the fundamental legal and regulatory regimes that govern investment management advisory businesses. The course will focus primarily on SEC-registered investment advisers that are managing investment funds or accounts that are privately offered and exempt from the Investment Company Act of 1940. Privately offered funds include private equity funds, hedge funds, real estate funds and other private funds that control several trillion dollars of investment capital. In particular, capital in private equity funds has grown dramatically in recent years.
This course will use a study of statutes, rules, regulations, regulatory decisions, court cases, fund documentation and other materials to familiarize students with the legal issues in the investment management area and the principles that guide the resolution of these issues. Investment management law encompasses several different areas of the law including the federal securities laws, employment law, tax law, partnership and corporate law. It is my goal to integrate these areas into a cohesive view of the legal aspects of the investment management business. Using contacts in the regulatory agencies, investment management industry and bar, I plan to bring guest speakers to give students exposure to industry participants.