Asset Management Attorneys Provide Guidance For Fund Directors On SEC’s Fund-Of-Funds Proposal in BoardIQ

Asset management partner Brian McCabe and asset management counsel Ed Baer co-authored an article published by BoardIQ on Feb. 26  titled “What to Know About SEC Fund-of-Funds Proposal.” The piece examines the SEC’s fund-of-funds proposal, including tips for directors and what they could face if the new rule is adopted as proposed. “Boards will want to work closely with advisers to understand how the proposed rule will affect product design – both of existing funds impacted by the elimination of current rules and SEC exemptions and of new products that would need to weigh increased investment flexibility against potential liquidity constraints,” Mr. McCabe and Mr. Baer outline in the piece.