Leigh R. Fraser

Partner

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  • JD, magna cum laude, Harvard Law School, 1996
  • AB, magna cum laude, Harvard University, 1993; Phi Beta Kappa

Qualifications

  • Massachusetts
  • New York
  • IFLR1000, Market Leader (2018)
  • Chambers Global: The World's Leading Lawyers for Business (2015-2016)
  • Chambers USA: America's Leading Lawyers for Business (2014-2017)
  • Legal 500 (2013-2017)

Leigh R. Fraser

Partner

Leigh, co-leader of the firm’s hedge funds group, focuses her practice on issues related to hedge funds and derivatives. She advises a variety of financial institutions, including hedge funds, investment advisors, mutual funds, and endowments, on derivatives and arrangements with brokers and custodians.

Leigh also has significant experience forming onshore and offshore private funds, and advising these entities and their sponsors on an ongoing basis with respect to regulatory matters and structuring new investment products.

Experience

  • Advises many “buy side” clients, including hedge funds, mutual funds, investment advisers, and endowments, with respect to the anticipated impact of the derivatives provisions of the Dodd-Frank Act and related rulemakings.
  • Represents investment advisory firms with respect to the launch and operation of their range of onshore and offshore hedge funds, including equity funds, fixed income funds, currency funds, asset allocation funds, and funds that invest in illiquid assets.
  • Represents a preeminent U.K. investment advisor with respect to its U.S. private funds and offering of its European funds on a private placement basis in the United States.
  • Regularly advises our “buy side” clients on the negotiation of ISDA Master Agreements, master derivatives confirmations, triparty agreements for collateral posted under ISDA Master Agreements, Master Repurchase Agreements, Global Master Repurchase Agreements and securities lending agreements.
  • Regularly advises our hedge fund clients on the negotiation of prime brokerage agreements and term commitments.

Publications

Presentations

  • Speaker, “Derivatives Market Reform: Where Are We Going Now That We Are Almost There?,” Investment Company Institute’s 2017 Mutual Funds and Investment Conference (March 14, 2017)
  • Panelist, “Undue Speculation? The Implications of the SEC’s Derivatives Rule for Your Business,” ICI Education Foundation’s 2016 Securities Law Developments Conference, Sponsored by ICI Education Foundation (December 6, 2016)
  • Speaker, “Derivatives Update: The Impact of the SEC’s Proposed Fund Limits,” Institutional Investor Legal Forum – Winter Roundtable (February 23, 2016)
  • Presenter, Investment Company Institute’s 2015 Mutual Funds and Investment Management Conference, “What Every Fund Lawyer Should Know About Derivatives Regulation” (March 17, 2015)
  • Moderator, 2014 GAIM Ops Cayman, “Prime Brokers: How PBs are Responding to the Challenges Given the Change in the Composition of the HF Industry and Regulatory Requirements” (April 7, 2014)
  • Moderator, Mutual Fund Directors Forum’s Oversight of Derivatives Roundtable, “Regulatory Uncertainty” (September 9, 2011)
  • Presenter, Mutual Fund Directors Forum webinar, “Derivatives Before and After Dodd-Frank” (March 23, 2011)