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Shearman & Sterling LLP

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Jay Baris

Work +1 212 848 4100
Shearman & Sterling LLP

Work Department

Investment Funds




Jay G. Baris has practiced in the asset management area for more than 35 years.

Jay is widely recognized for his breadth of experience representing registered funds, investment advisers, financial institutions, broker-dealers and independent directors on the full spectrum of financial services regulation, transactions and governance matters.  Jay’s work with registered funds spans mutual funds, closed-end funds, exchange-traded funds (ETFs) and business development companies (BDCs). He has extensive experience advising on the regulatory aspects of fund and investment advisory operations, and has represented numerous clients on mergers and acquisitions, reorganizations, compliance, exemptive applications and compliance issues. He also advises operating companies on “status” issues that arise under the Investment Company Act of 1940. More recently, he has been advising FinTech clients on cryptocurrency issues.

An active speaker and writer on issues concerning investment management and the regulation of financial institutions, Jay has been published in a variety of trade and general interest publications, Insights: The Corporate & Securities Law AdvisorThe New York TimesThe Wall Street Journal, The Review of Securities & Commodities RegulationFund ActionThe Review of Banking & Financial Services, Fund Directions and Fund Board Views.


  • Chair of the Task Force on Investment Company Use of Derivatives and Leverage of the Committee on Federal Regulation of Securities of the ABA’s Business Law Section
  • Previously, vice chair of the Committee on Federal Regulation and chair and vice chair of the Subcommittee on Investment Companies and Investment Advisers of the ABA’s Business Law Section
  • Member of the Board of Advisors of The Review of Securities & Commodities Regulation
  • Member of the Advisory Board of the Mutual Fund Directors Forum
  • Member of the Advisory Board of BoardIQ


Hofstra University, J.D.
Stony Brook University, B.A.

United States: Investment fund formation and management

Alternative/hedge funds

Within: Alternative/hedge funds

Shearman & Sterling LLPprovides an excellent level of service - all the lawyers are knowledgeable, responsive and practical in their advice’. Sean Finley has ‘an advantage over other outside counsel as he has both law firm and in-house experience’; he advised TRG Management on launching a hedge fund investing in Argentinian assets. Of counsel Paul Schreiber advises Shenkman Capital Management on regulatory matters. Nathan Greene has manager M&A expertise. The firm has hired Buddy Donohue as of counsel, whose ‘strength is his depth of experience and the perspective he provides as a former general counsel of major fund companies, and as director of the Division of Investment Management at the SEC’, as well as Jay Baris, formerly head of Morrison & Foerster LLP’s investment management team. The New York-based team also acts for Juniper Investment Company and Maverick Capital Management.

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Mutual/registered/ exchange-traded funds

Within: Leading lawyers

Jay Baris - Shearman & Sterling LLP

Within: Mutual/registered/ exchange-traded funds

Shearman & Sterling LLP provides an ‘exceptional overall level of service - the team is of the highest quality; its knowledge, preparation and guidance is second to none’. The team advises managers and independent boards, and liquid alternative funds are a strong suit in particular. ‘Trusted adviser and pleasure-to-work-withNathan Greene continues to act for the independent trustees of Blackstone Alternative Funds, which manages $4.3bn, some of which is in a fund sub-advised by hedge fund managers. Of counsel Paul Schreiber advised Miller/Howard Funds on a $50m shelf offering for Miller/Howard High Equity Income Fund, circumventing the SEC’s bar on closed-ended registered investment companies from selling fresh shares at a discount to the net asset value. The firm has handled a number of strategic-level matters concerning managers, with Greene advising SkyBridge Capital and its funds on the funds and regulatory change-of-control aspects of the company’s sale to HNA Capital in the wake of founder Anthony Scaramucci’s appointment to a role in the Trump administration. Other clients include SEC-registered fund-of-hedge funds Ironwood Capital Management and Perella Weinberg Partners. The team, which is based in New York, was bolstered in January 2018 through the addition of Jay Baris from Morrison & Foerster LLP - he is ‘leading the industry on the most challenging and innovative issues, including cryptocurrency’.

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