With a ‘deep knowledge of ’40 Act funds’, Paul Hastings LLP advises on a wide range of fund types, including mutual, closed-end, exchange-traded and interval funds, as well as business development companies. The firm is also well-versed in regulatory and transactional matters concerning SEC and NASD regulations. Located in New York, Joshua Sternoff and Michael Rosella, who supports investment managers and fund companies in fund launches and management, spearhead the practice. Practicing in San Francisco, David Hearth acts across the spectrum of asset classes, from energy to fixed income and specialty growth capital. In Los Angeles, Art Zwickel specializes in regulatory matters, including those relating to SEC, CFTC, FINRA and NFA rules.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Michael Rosella is an excellent 1940 Act attorney and also uniquely skilled in dealing with non-legal business matters.’
‘They have deep knowledge of '40 Act funds and are very collaborative.’
‘Mike Rosella and his team have a friendly but no nonsense approach.'
Key clients
- Brookfield Asset Management
- Jefferies Financial Group
- Kayne Anderson Capital
- Oaktree Capital Management
- Matthews Asia
- AssetMark Financial Holdings
- GTCR
- Wellington Management Company (Board of Trustees)
- Western Asset Fixed Income Funds (Board of Trustees)
- Brookfield Oaktree Wealth Solutions
- Brookfield Public Securities Group
- Cornerstone Asset Management
Work highlights
Advised Oaktree Capital Management on launching two asset-backed finance interval funds.
Advised the independent board members of two mutual funds on the acquisition of SunAmerica Asset Management by Venerable Holdings from Corebridge Financial.
Advised Matthews Asia on the merger of Matthews Asia Growth Fund into the Matthews Emerging Markets Equity Fund.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Joshua Sternoff; Michael Rosella
Other key lawyers
David Hearth; Art Zwickel