Investment Advisor 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 advisors, including reviews of all legal and compliance documents, policies and procedures.
The combination of Emma’s investment management expertise with her community-driven work has positioned her as an impact investing leader, assisting investment managers, nonprofits and other entities with structuring and offering investment funds that aim to deliver both economic and social impact returns. She advises social impact clients with the launch and capital raising for both their management companies and their investment funds. Most recently, she has been at the forefront of advising on Qualified Opportunity Funds and their investments in Opportunity Zones, as provided by the 2017 Tax Cuts and Jobs Act.
Compliance and Regulatory Services
Emma helps investment advisors develop, implement and test compliance programs that are business-focused, including: conducting compliance and operational risk assessments, advising on marketing practices (including reviews of marketing materials, requests for proposal and investor communications), and training personnel.
Emma assists clients with investment advisor 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.
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 advisor, commodity pool operator and commodity trading advisor offering funds of hedge funds worldwide. As the General Counsel, she was responsible for all legal, regulatory and compliance affairs of MAS. Emma was a Senior Managing Director, member of MAS’ Executive and Operating Committees, and served as an interested director 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).