Pablo Man is a partner in the firm's asset management and investment funds practice. He represents investment advisers, closed-end funds (including exchange-traded closed-end funds, registered funds of hedge funds and other tender offer funds, as well as interval funds), alternative mutual funds, and private funds (including hedge funds and funds of one).
Pablo focuses his practice on regulatory matters relating to the Investment Advisers Act of 1940 in the context of investment adviser registration (including “status” questions), regulation and reporting, SEC examinations, and adviser mergers and acquisitions. He also has substantial experience with the formation of pooled investment vehicles both registered and exempt from registration under the Investment Company Act of 1940. In addition, Pablo regularly counsels broker-dealers with respect to standard of conduct matters under Regulation Best Interest and applicable state law.
Among other things, Pablo routinely advises investment advisers on regulatory and compliance matters relating to custody, recordkeeping (including electronic records), trading, principal and cross-transactions, best execution, performance advertising, fiduciary duty and conflicts. He also has a significant practice counseling clients with respect to “wrap” and model portfolio programs. In addition, Pablo has substantial experience with respect to the application of the Securities Act of 1933 to private investment funds as well as continuously-offered registered closed-end funds offering their interests in private placements, including both with respect to offerings with and without a general solicitation.
With respect to registered funds, Pablo acts as fund counsel and his experience includes all aspects of a fund’s launch and ongoing operations, including but not limited to matters related to the implementation of a Rule 38a-1 compliance program; the preparation of agendas, resolutions and related materials in connection with board and committee meetings; and the communications with the SEC staff in connection with fund matters. Pablo also has advised clients with respect to exemptive relief, including co-investment and multi-class relief.
