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Retail funds in London

Burges Salmon LLP

Burges Salmon LLP acts for a number of major retail funds on various matters, with authorised investment funds being a core strength. Notably, the firm currently represents 80% of the Authorised Corporate Director market. It has expanded its sustainable funds practice, launching a number of ESG funds for major clients such as St. James’ Place and and Marlborough Fund Managers. Team leader Tom Dunn specialises in the establishment, structuring, operation and winding up of retail funds, in particular OEIC, AUT and ACS structures. He is assisted in this work by Alex Gillespie, who also handles regulatory matters. Anna Davis is a regulatory specialist with extensive compliance experience.

Responsables de la pratique:

Tom Dunn

Autres avocats clés:

Alex Gillespie; Anna Davis

Les références

‘They really take the time to understand our business model and priorities.’

‘Tom Dunn and Alex Gillespie have provided a continuous level of excellent service in supporting our fund developments.’

Principaux clients

St. James’s Place

Praemium

Marlborough Fund Managers

Investment Fund Services

FundRock Partners

Border to Coast Pensions Partnership Ltd

Premier Asset Management

Financial Conduct Authority

All Wales LGPS Pool

Local Pensions Partnership

WAY Fund Managers

CMS

CMS continues to be a strong choice for domestic and international retail fund managers. The firm advises a number of major clients on a range of funds-related matters, from creating new funds and the regulatory requirements of such undertakings to overhauling fund management structures. It is well versed in assisting on the establishment and operation of UCITS funds and also has a strong REIT practice. Karagh Gilliatt has over two decades of expertise in open-ended funds and advises a number of the UK’s largest retail funds. Laura Houët is the firm’s global co-head of ESG and spearheads the firm’s growing focus on sustainable funds. She also advises a number of international clients on cross-border funds matters.

Responsables de la pratique:

Karagh Gilliatt; Laura Houët

Les références

‘Good quality team with good industry and regulatory knowledge.’

‘Knowledgeable on regulation. Provide value for money. Deep understanding of market developments.’

‘Laura Houet develops high quality relationships with her clients.’

Principaux clients

Abrdn

Baillie Gifford

Embark

Scottish Widows Schroders Personal Wealth

T. Bailey Fund Services

Carvetian Capital Management

Phoenix Group

Scottish Friendly

Argonaut Capital Management

Sanlam Group

BMO

Aviva

Lazard

Nomura

Aegon Asset Management UK plc

Quilter Investors

Scottish Friendly Asset Managers Limited

Manulife Investment Management

Chawton Global Investors

Fidelity

Zurich

Smith + Williamson

Close

Legal & General Investment Management

M&G

Principaux dossiers

  • Advised Aviva Investors on the structuring, strategy and launch of the flagship Aviva Investors Climate Transition Real Assets Fund, a unique UK structure with a market leading sustainability strategy.
  • Advised T Bailey Fund Services on the development, structuring and launch of the TB Amati Strategic Metals Fund, a fund which marries expertise in global mining practice with investment expertise.
  • Advised Baillie Gifford on the investment policy changes to the £972m Baillie Gifford UK Equity Alpha Fund.

Eversheds Sutherland (International) LLP

Eversheds Sutherland (International) LLP provides assistance to unit funds and OEICs across the gamut of funds-related issues, ranging from establishment and authorisation of funds to taxation and regulatory matters.

Responsables de la pratique:

Michaela Walker

Autres avocats clés:

Phil Spyropoulos; Stefanie Sahla-Jones

Les références

“Eversheds Sutherland have a team of experts that have been with them for decades and therefore have an incredible amount of experience in the UK funds industry.”

“Very strong technical and industry knowledge.”

“All individuals in the team have good depth of knowledge. Partners very approachable and hands on. Both Julian Brown and Phil Spyrodopoulos are very knowledgeable.”

“The team have a wide range of knowledge and experience and are always willing to find the right person for the job. The team are always willing to come in to share their knowledge and generally help out wherever they can. They are efficient and diligent, a top standard team.”

“Phil Spyropoulos is my favourite lawyer in the entire industry and I could not recommend him highly enough. Phil cuts through the nonsense to deliver sensible advice. He has worked with me on my vision to create a ‘retail friendly’ prospectus for our funds, which can be easily consumed by the end clients of our fund range.”

“Excellent knowledge of best practice in this area. Eversheds Sutherland also works closely with the FCA and the IA in the rollout of new regulation. Structure of the team means that they know your firm and maximises efficiencies. They are also able to cross-refer and assist with instructions to other partners when other specialist expertise is required.”

Macfarlanes LLP

The team at Macfarlanes LLP covers the full range of fund-related matters, advising fund managers on the establishment and structure of their products. The firm also offers assistance with regulatory issues, having worked alongside the Investment Association (IA) and helped the FCA with its post-Brexit funds regime. Lora Froud is the lead partner for open-ended funds; she active in the regulated retail funds space, where she advises clients on UCITS funds and matters pertaining to ESG, AIFMD and MiFID. Senior counsel Alexandra Cochrane advises asset managers and authorised corporate directors on regulated funds matters, including mergers, terminations and rationalisations.

Responsables de la pratique:

Stephen Robinson; Lora Froud

Autres avocats clés:

Alexandra Green; Alexandra Cochrane; Sandeesh Shah; Tiffany Cox; Emma Garnham

Les références

“The team at Macfarlanes are exceptionally responsive. They are commercial and pragmatic in their advice and adopt a solutions-based approach to complex legal and regulatory issues. Macfarlanes are consistently at the forefront of emerging legal issues and developments in the legal and regulatory landscape.”

“Lora Froud deserves particular mention as an expert in her field. Lora’s ability to get to the crux of issues and provide pragmatic solutions is exceptional. Lora is approachable, responsive and highly knowledgeable.”

“Lora Froud was the lead Partner and her team were exemplary in the support they provided to our project. Lora’s professionalism was evident from our first email exchange. I would have no hesitation in recommending Lora and her team to anyone looking for legal and regulatory advice within the UK regulatory fund sector.”

“As far as retail fund regulation is concerned, I haven’t found a better team of lawyers.”

“I found Lora Froud to be excellent to deal with, engaging and helpful throughout. When delegating, the associates worked with were more than capable, Alexandra Cochrane was particularly good.”

“The support from Tiffany Cox and Emma Graham was excellent – they were also very supportive and provided timely responses to all queries while their knowledge of legal and regulatory matters was first class.”

“Lora Froud, Harry Middleton and Sandeesh Shah have all been exceptional to work with. They are extremely client focused and aware of the demands of the regulators, describing how to comply with requirements in a straightforward but yet thorough manner.”

“Lora Froud and Tiffany Cox have both been excellent colleagues to work with: friendly and personable, collaborative and supportive. I would unreservedly recommend them both as outstanding individuals to work with.”

Principaux clients

Jupiter Asset Management

Legal & General Investment Management

Quilter Investors Limited

FundRock Partners Limited

GAM Sterling Management Limited

Link Fund Solutions

Octopus Investments

Thesis Unit Trust Management

Principaux dossiers

  • Continued to act as sole UK counsel for Jupiter Asset Management in respect of its UK authorised fund range.
  • Continued to assist Legal & General Investment Management with various legal and regulatory matters for its UK authorised fund range.
  • Continued to advise Quilter on numerous legal and regulatory matters in relation to its extensive range of UK authorised funds.

Farrer & Co

Farrer & Co specialises in advising on the structures of FCA-approved funds, from OEICs to master-feeder structures. The firm also advises clients on unique fund structures, including charity and church funds and funds for tax-exempt investors. Practice head Grania Baird has over two decades of experience in supporting asset and fund managers on new products and regulation, with a particular focus on FCA-regulated funds. Andy Peterkin represents private funds and advises on alternative capital raising structures. Jessica Reed advises asset managers on the establishment of UCITS, NURS and ESG funds.

Responsables de la pratique:

Grania Baird

Autres avocats clés:

Andy Peterkin; David Gubbay; Jessica Reed

Les références

“Jessica Reed is an incredibly attentive and personable partner. She takes the time to clearly explain complicated regulatory issues and provides workable and creative proposals to achieve an effective outcome. Jessica has an impeccably efficient working and project management style and provides regular progress updates, which made me feel confident and respected as a client.”

Principaux clients

Thesis Unit Trust Management Ltd/Tutman LLP

Omnis Investments Limited

Oxford University Endowment Management Ltd

Rathbone Unit Trust Management Limited

The Charities Property Fund/Savills Investment Management (UK) Ltd

Handelsbanken ACD

Smith & Williamson Fund Administration Limited

Aubrey Capital Management Ltd

Investec Wealth & Investment Ltd

Y-Tree

Principaux dossiers

  • Acted on the sale of T Bailey Fund Services to Waystone.
  • Acted for Omnis Investments on the launch of a range of new tactical asset allocation funds.
  • Acted for Thesis Unit Trust Management Limited on a range of new fund applications.

Fieldfisher

Fieldfisher advises domestic and international clients on an array of matters, including governance of FCA-regulated funds, as well as a growing focus on environmental matters. The firm is also able to offer fund design and structuring services for unregulated fund products. The well-regarded Kirstene Baillie specialises in assisting regulated funds and is increasingly focused on international funds matters. Dale Gabbert advises clients on contentious governance issues. He is also active in corporate transactions.

Responsables de la pratique:

Kirstene Baillie

Autres avocats clés:

Dale Gabbert

Les références

‘A strong, well-led practice that provides commercial and accurate advice.’

Principaux clients

Fidelity Investments

GJL Management (Lux) S.A.R.L. acting on behalf of Goodman Japan Core Fund FCP-FIS

Sumitomo Mitsui Trust International Limited

The Trustees of the Power Generation Pension Scheme

Guardian Media Group Plc

Ingenious Capital Management Limited

K&L Gates LLP

The team at K&L Gates LLP offers advice to clients on issues ranging from fund formation to strategic advice. The firm’s retail fund expertise is international, providing advice on UK, Ireland and Luxembourg-based funds. The firm is also able to offer guidance on matters of regulation. Practice head Michelle Moran advises UK, EU and US-based clients and regulators on UCITS and AIFMD funds. She also has in-depth knowledge of EU regulations and has worked on issues pertaining to post-Brexit fund regulation. Andrew Massey assists financial institutions with fund management issues, with particular focus on UCITS and AIFMD matters. Philip Morgan is experienced in handling non-contentious regulatory matters.

Responsables de la pratique:

Michelle Moran

Autres avocats clés:

Andrew Massey; Philip Morgan

Les références

‘Seasoned team of experienced professionals. Take a very practical approach to issues. Knowledgeable and provide very timely responses. Pleasure to work with.’

‘Michelle Moran is a safe pair of hands with deep experience. The fact that she has spent a lot of her time working in house before retuning to private practice means she has a unique perspective and is very commercial with her advice. Responds very quickly and is always available to discus matters on the phone. Highly recommended.’

‘Excellent attention to detail – but most importantly the advice given is practical and matches the client needs and situation.’

‘They are personable, interested in the client and take time to get to know us.’

Principaux clients

Dimensional Fund Advisors

Federated Hermes

First Sentier Investors

Independent Franchise Partners

John Hancock Financial Services

Procure Holdings

John Hancock Financial Services Inc

Procure Holdings

Federated Hermes Inc

Dimensional Fund Advisors

Independent Franchise Partners

Principaux dossiers

  • Acting as legal counsel for Dimensional Fund Advisors’ UK authorised fund range.
  • Advised Federated Hermes on the implementation of the UK’s Investment Firms Prudential Regime.
  • Advising John Hancock Financial Solutions Inc as lead European Counsel to the distribution of their European funds.

Simmons & Simmons

Simmons & Simmons advises investment managers and depositaries on the full range of fund products, in addition to offering regulatory assistance across the UK, Ireland and Luxembourg. This includes fund management and formation. The firm is also at the forefront of legal innovation in this area, partaking in the Productive Finance Working Group that was established by the Bank of England in conjunction with the Treasury and the FCA. The team is led by Penny Miller, who advises clients on regulatory issues, including SMCR and GCAT matters. Neil Simmonds has 30 years of experience advising fund managers with regards to onshore and offshore open-ended investment funds, including UCITS matters. Mahrie Webb specialises in the establishment, structuring and regulation of authorised fund structures. Catherine Weeks is recommended for regulatory issues governing the operation of funds.

Responsables de la pratique:

Penny Miller

Autres avocats clés:

Neil Simmonds; Mahrie Webb; Catherine Weeks; Tristram Lawton; Andrew Desmond; John Dooley

Les références

“Technically strong, commercially astute, market-leading team.”

“Pro-active and client friendly, good partner and senior lawyer availability, clear and succinct advice.”

“Stand-out names: Mahrie Webb and Andrew Desmond.”

Principaux clients

Man Fund Management UK Limited (and the Man Group)

Legal & General Investment Management

Marlborough Fund Managers Limited

Investment Fund Services Limited

Hargreaves Lansdown

First Sentier Investors

M&G

Invesco

Ruffer LLP

Baring Asset Management

Lumyna Investments

PGIM Inc.

Principaux dossiers

  • Advised Man Fund Management UK Limited on the launch of its Man GLG Sterling Corporate Bond Fund.
  • Advised Legal & General on the launch of its Legal & General Global Thematic Fund.
  • Advised Hargreaves Lansdown Fund Managers Limited on the establishment and authorisation of HL ICVC 1 and its sub-fund HL Growth Fund.