skip to main content

Michael Emanuel focuses his practice on investment adviser and investment company regulation, the representation of private and public investment funds, hedge funds, family offices and their managers and commodity advisers in the formation, structuring and capitalization of investment funds.  Michael regularly advises on regulatory compliance, including risk assessment, examinations, enforcement and other matters before the SEC, CFTC, NFA and cross-border regulators. He also advises clients on investment management and other corporate law issues.

Following more than 20 years as general counsel, chief compliance officer, chief operating officer and senior vice president at leading registered investment management firms, family offices, global banks and other financial services and law firms, Michael has broad experience developing and implementing fund and adviser compliance programs, fund corporate governance, personal trading policies, custody and brokerage practices, prohibitions on “pay to play” practices, executive management structures and protection of investor privacy protections.  Michael leverages his experience and in-depth understanding of the issues surrounding registered investment advisers and broker-dealers to provide practical, business-minded solutions, with particular emphasis on both registered and private alternative investment products.

Michael advises clients in matters relating to fund, adviser and family office formation, infrastructure, administration, employment, operations, vendor management, risk management, development of internal U.S. and global compliance programs, best practices and testing, regulatory reviews, relationship management, fund and adviser mergers and acquisitions, client and investor contract negotiations and other corporate matters.

Memberships

  • Law360's 2020 Compliance Editorial Advisory Board

Speeches & Events

Michael regularly speaks at industry events and conferences and is a frequent contributor to industry publications. His most recent engagements include:

  • Speaker, “Pandemic Not Panic: What Fund Managers Should Do Post-CARES Act,” Stroock Webinar, April 9, 2020
  • Speaker, “Coronavirus: Practical Implications for Fund Manager GCs/CCOs,” Hedge Fund Law Report, March 19, 2020
  • Moderator, “Navigating Employment Issues Amid Covid-19 Pandemic,” Stroock Webinar, March 19, 2020
  • Speaker, Alternative Family Office Investment Strategies and Opportunities,"Stroock's Second Annual Family Office Symposium, November 13, 2019
  • Moderator, “Compliance Tune Up: The Challenges of Compliance Monitoring,” Corporate Counsel Conference and Hedge Fund Summit, September 25, 2019
  • Speaker, “Developing a Tailored Private Fund Compliance Calendar,” Compliance Solutions Strategies’ Fall 2019 Conference, September 23, 2019
  • Speaker, “Qualified Opportunity Zones: Family Office,” NYSSCPA’s First Annual Qualified Opportunity Funds and Opportunity Zones Symposium, June 19, 2019
  • Speaker, “Hot Button Issues Facing Family Offices including the Impact of the Lender Case and Income Tax Changes,” Stroock Family Office Symposium, November 8, 2018
  • Moderator, “Post GDPR: Evaluating Implementation Processes and Considering Lessons Learned,” Corporate Counsel’s Hedge Fund General Counsel and Compliance Officer Summit, September 26, 2018
  • Speaker, “Customer Acquisition * Growth Strategies * Fueling Customer Acquisition,” Financial Planning’s Invest: Innovations in Investing, Saving & Advice Conference, July 10-11, 2018
  • Speaker, “Security and Privacy: Assessing Your Organizational Competence and Risk in a Data-Driven World,” The Legal Intelligencer’s In-House Counsel CLE Seminar, June 27, 2018
  • Webinar presenter, “Managing a Regulatory Exam,” Bloomberg’s 30 minutes on KYC and Beyond, June 13, 2018

Publications

  • Co-author, “‘Reopening’ Considerations for Funds and Asset Managers,” Stroock Special Bulletin, June 5, 2020
  • Co-author, “SEC Issues UPDATED ORDER Addressing Regulatory Relief for Advisers and Registered Funds Amid Coronavirus Pandemic,” Stroock Special Bulletin, April 3, 2020
  • Co-author, “Documenting Continuity Plans Amid Coronavirus: A Guide for Fund Advisers,” Stroock Special Bulletin, April 2, 2020
  • Co-author, “SEC Issues Regulatory Relief for Advisers and Registered Funds Amid Coronavirus Pandemic,” Stroock Special Bulletin, March 17, 2020
  • Co-author, “What a General Counsel of a Private Fund Advisor Should Be Doing Today to Manage the Coronavirus Crisis,” Stroock Special Bulletin, March 12, 2020
  • Co-author, “Key Takeaways From the SEC Asset Management Panel’s Inaugural Meeting,” Stroock Special Bulletin, February 18, 2020
  • Co-author, “Upcoming NFA Rule Changes and Swaps Proficiency Requirements,” Stroock Special Bulletin, November 25, 2019
  • Co-author, “After the Lender Case — Securities Law Restrictions That Apply to Family Offices Managing Other People’s Money,” Stroock Special Bulletin, November 6, 2018
  • Co-author, “SEC Adopts Amendments to Regulation S-K to Simplify and Update Disclosure Requirements,” Stroock Special Bulletin, November 5, 2018
  • Co-author, “SEC Proposes Regulation Best Interest And Other New Standards Of Conduct For Broker-Dealers And Investment Advisers,” Stroock Special Bulletin, April 30, 2018
  • Co-author, “SEC Identifies Top 6 Investment Advisory Fee and Expense Compliance Issues for Investment Advisers,” Stroock Special Bulletin, April 19, 2018

Quoted In:

  • “Stroock Attorneys Discuss CARES Act and Federal Programs Affecting Fund Managers,” Hedge Fund Law Report, April 30, 2020
  • “How Fund Managers Can Withstand the Coronavirus Pandemic: Business Continuity and Other Operational Risks (Parts 3 of 3),” Hedge Fund Law Report, April 16, 2020
  • “How Fund Managers Can Withstand the Coronavirus Pandemic: Marketing Disruptions, Key Person Clauses and Cybersecurity Concerns (Parts 2 of 3),” Hedge Fund Law Report, April 9, 2020
  • “How Fund Managers Can Withstand the Coronavirus Pandemic: Form ADV Filing Relief, Investor Communications and Fund Valuation Issues (Parts 1 of 3),” Hedge Fund Law Report, April 2, 2020
  • “Hedge fund BCPs put to the pandemic test,” HFM Compliance, March 27, 2020
  • “Withstanding the Coronavirus Pandemic: Form ADV Filing Relief, Investor Communications and Liquidity Risks,” Private Equity Law Report, March 26, 2020
  • “Correcting Alpha: Fundamental Flaws of IRR and How Sponsors Can Avoid Distorted Calculations (Parts 1 — 2),” Private Equity Law Report, November 12, 2019 & November 19, 2019
  • “Six Criteria for Hedge Fund Managers to Evaluate Before Granting an Investor’s Request to Rescind Its Redemption (Parts 1 — 2),” Hedge Fund Law Report, October 7, 2019 & October 10, 2019
  • “Distorting Alpha: Omitted Inputs and Deferred Carry Can Inflate IRR Calculations (Parts 1 — 3),” Private Equity Law Report, September 10, September 17 & September 25, 2019
  • “Why Fund Managers Must Adequately Support CCOs and Compliance Programs: Six Valuable Lessons From Recent Enforcement Actions (Part 1 of 2),” Private Equity Law Report, May 9 & August 13, 2019
  • “SEC Advertising Rule: Getting the Word Out,” HFMCompliance, July 3, 2019
  • “Conflicts of Interest Questionnaires: Who Should Complete Them, When They Should Be Completed and How Managers Can Use Them Effectively (Parts 2 of 2),” Hedge Fund Law Report, December 13, 2018
  • “Conflicts of Interest Questionnaires: Why Fund Managers Need Them, and What They Should Cover (Parts 1 of 2),” Hedge Fund Law Report, December 6, 2018
  • “The Importance of Exercising Due Diligence When Hiring Auditors and Other Vendors,” Hedge Fund Law Report, June 21, 2018

Admitted To Practice

New York; New Jersey

Education

B.S, B.A., Washington University, 1989

J.D., Fordham University School of Law, 1995

Related News & Insights / Events

View LessView More