Investment Management

Stroock provides legal services to nearly 800 mutual funds, closed-end funds, ETFs or business development companies (or their independent board members), as well as investment advisers, industry service providers and unregistered pooled investment vehicles. Our clients represent nearly $1 trillion in assets under management (approximately 7% of U.S. investment company assets).

We are counsel to:

• Substantially all funds and the independent board members of the funds in the Dreyfus and Lazard Families of Funds.
• The funds in the Alger Family of Funds.
• The independent Board members of the iShares Funds, which are ETFs.
• The independent Board members of the Third Avenue Family of Funds.
• The independent trustees of the equity open-end funds sponsored by Legg Mason Partners Equity Funds (formerly, Smith Barney).
• The independent Board members of UBS (NY) Funds advised by UBS Global Asset Management.
• The independent Board members of Bank of America Funds Series Trust, which are all money market funds.
• Several registered, closed-end alternative investment funds sponsored by UBS Alternative and Quantitative Investments LLC.
• Several registered, closed-end alternative investment funds sponsored by Central Park Group.
• The independent directors of several registered, closed-end alternative investment funds (some of which have master-feeder structures), advised and/or distributed by affiliates of Bank of America.
• The independent managing members of several registered, but privately placed, closed-end alternative investment funds sponsored by Oppenheimer Asset Management Inc.
• The independent Board members of the GE Family of Funds.
• The independent Board members of Consulting Group Capital Markets Funds, a series of manager-of-managers funds advised by an affiliate of Morgan Stanley Smith Barney Holdings LLC.
• The independent Board members of the Mercer Funds, a series of manager-of-managers funds advised by Mercer Global Investors, Inc.
• The independent Board members of the WisdomTree Funds, which are ETFs, including passive-and actively-managed funds.
• The independent Board members of AXA VIP Funds, which are variable insurance and annuity funds.
• The independent directors of four closed-end preferred stock funds advised by Flaherty & Crumrine.
• The independent trustees of BNY Mellon Funds Trust, a series fund designed for clients of BNY Mellon Wealth Management.
• The independent Board members of the Baron Family of Funds.
• The independent Board members of the Harding, Loevner Funds.
• The Swiss Helvetia Fund, Inc., a closed-end investment company.
• The independent Board members of Macquarie Global Infrastructure Total Return Fund.
• The independent Board members of Apollo Investment Corporation, a business development company, and Apollo Senior Floating Rate Fund, a closed-end investment company.
• The independent Board members of PennantPark Corporation and PennantPark Floating Rate Capital Ltd., business development companies.
• The independent Board members of private real estate investment trusts advised by BlackRock Realty Advisors.