Regulated funds

Overview

We act for a substantial number of investment fund and financial product providers including stand alone fund management houses and the investment arms of integrated houses. Our work includes fund formation and restructuring, as well as advice on product design and the regulatory and tax issues which are integral to this area.

We have completed the formation of numerous new regulated funds (unit trusts and OEICs), many programmes of conversions of unit trusts to OEICs; the rationalisation of fund ranges; the conversion of funds to UCITS III and COLL; and the migration and amalgamation of funds between different jurisdictions. We work on all types of regulated funds, (UCITS, Non-UCITS and Qualified Investor Schemes) and we are anticipating interest in Property Authorised Investment Funds and Funds of Alternative Investment Funds.

We advise extensively on "private funds" for high-net-worth individuals and families, and act for a number of family offices. These are areas where we work closely with our private client colleagues.

We also advise on a number of related regulatory matters such as conduct of business rules, regulatory capital, client and product documentation and European Union developments.

Well known clients include Aberdeen, Fidelity, Invesco, Old Mutual and Skandia.

Recognition

  • "Respected investment management group with a reputation for excellence acting for sponsors and investors."

    Chambers UK 2017

  • "In terms of investment funds, they are the best team I've ever worked with."

    Chambers UK 2016

  • "The firm has expanded its practice in recent years and commentators described the firm's 'prominent position' in the market."

    Who's Who Legal 2015

  • "Macfarlanes LLP has a 'strong overall funds practice that covers a wide range of structures', and is praised for its 'practical advice that is based on evolving market practices'."

    The UK Legal 500 2015

  • "'Excellent - Macfarlanes is a super firm with a first-class team'."

    Chambers UK 2015

  • "Macfarlanes' preeminent practice yields several leading lawyers."

    Who's who Legal Private Funds 2015

  • "The firm is client-focused and responsive. One of the biggest draws for us is the partner led contact you get."

    Chambers UK 2011