Investment Adviser and Fund Structuring, Transactions & Review
Emma is skilled in complex alternative investment structuring, including structuring direct-trading funds, funds-of-funds, customized/single-investor funds and managed accounts. She coordinates investments and sale offerings for private funds, developing offering terms that are market appropriate and achieve desired investment results.
Emma drafts and negotiates customized terms for institutional investors’ investments in private funds and assists with legal and compliance due diligence on private funds and investment advisers, including reviews of all legal and compliance documents, policies and procedures.
Emma helps investment advisers develop, implement and test compliance programs that are business-focused and comply with regulations, including:
- Conducting compliance and operational risk assessments
- Testing of policies and procedures and upgrading them as necessary
- Advising on marketing practices, including reviews of marketing materials, requests for proposal and investor communications
- Responding to regulatory and investor audits
- Training personnel
Emma assists clients with investment adviser and investment fund regulatory reporting requirements in the U.S. and internationally, including those reportable to the SEC, CFTC, Treasury Department, Department of Labor, Bureau of Economic Analysis, the Cayman Islands regulatory authorities and the European Securities Market Authority.
Financial Regulatory Advocacy
Emma engages in regulatory advocacy for the private funds industry, including presenting to the CFTC staff on risk management practices by commodity pool operators and working with other market participants to successfully advocate before the SEC, the CFTC, FINRA, NFA and ESMA.
Emma spent over seven years in-house at Mesirow Advanced Strategies, Inc. (MAS), a U.S. registered investment adviser, commodity pool operator and commodity trading adviser offering hedge funds worldwide. As the General Counsel, she was responsible for all legal, regulatory and compliance affairs of MAS, including operational and compliance risk management. Emma was a Senior Managing Director, member of MAS’ Executive and Operating Committees, and served on the boards of directors of over a dozen of MAS’ investment funds for U.S. and non-U.S. institutional investors.
Emma’s ambitious bucket list includes competing in a professionally timed race in every U.S. state (with the motto of “just finish alive”) and hiking all U.S. national parks. She is making solid progress – she has already competed in the Chicago Marathon and over 10 half-marathons and has hiked in one-third of the national parks (and has the spider bites to prove it).