Nathaniel Segal is counsel at Vedder Price and a member of the Investment Services group. He focuses his practice on investment companies and investment advisers in connection with the organization and operation of investment products and services, including traditional mutual funds, closed-end investment companies (including interval funds and listed closed-end funds), variable insurance products and registered hedge funds, as well as mutual funds utilizing complex hedging and absolute return strategies. Mr. Segal has experience in conducting transactional due diligence and drafting regulatory disclosures in connection with fund reorganizations and management acquisitions. He counsels clients on a wide variety of regulatory matters, including interpretive and no-action letter requests and SEC exemptive orders, as well as governance matters and internal compliance procedures in response to SEC examinations and inquiries.
Mr. Segal has substantial experience counseling investment companies (including mutual funds, exchange-traded funds and closed-end funds), investment advisers and boards of directors on a broad range of regulatory, compliance, corporate and transactional matters arising under U.S. federal securities laws, particularly the Investment Company Act of 1940, the Investment Advisers Act of 1940 and the Securities Act of 1933. He also advises the independent board members of investment companies on corporate governance matters and best practices, including with their review of investment advisory and distribution contracts. In addition, he routinely represents investment and retirement product sponsors—ranging from large, well-established insurance companies and financial institutions to boutique asset managers, ETF manager start-ups and other clients that are new to the industry—before the SEC and guides clients through the product launch process, including with respect to product structure, disclosure and operation in compliance with applicable federal securities law.
Mr. Segal has extensive experience conducting transactional due diligence and drafting regulatory disclosures in connection with affiliated and unaffiliated fund reorganizations, mergers and management acquisitions. He counsels clients on a wide variety of regulatory matters, including in connection with interpretive and no-action letters and SEC exemptive orders, as well as issues raised by SEC staff during examinations and in negotiating the resolution of comments regarding SEC filings (including registration and proxy statements).
Mr. Segal also advises operating companies, including real estate finance companies, on exemptions under the Investment Company Act.
