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Private Fund Investment Management Law
Mr. Norman Champ
3 classroom credits LAW-44587A Winter
The goal of this course is to teach students the fundamental legal and regulatory regimes that govern the operation of an investment management advisory business that is managing investment funds or accounts that are exempt from the Investment Company Act of 1940, as amended ("Investment Company Act"). These types of privately offered funds include private equity funds, hedge funds and real estate funds but can include any private funds established under exemptions from the Investment Company Act. Such funds are have assets of several trillion dollars of investment capital. The demand for legal advice in establishing these funds and helping the managers of the funds comply with applicable laws and regulations is increasing along with increased scrutiny of the private fund industry. This course will use a study of statutes, rules, regulations, regulatory decisions, court cases, fund documentation and other materials to familiarize law students with the legal issues in the investment management area and the principles that guide the resolution of these issues.