Margery K. Neale

Partner

New York
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019-6099
T 212 728 8297
F 212 728 9297
mnealewillkie.com

Margery K. Neale is a partner and Co-Chair of the Asset Management Group as well as a member of Willkie’s Executive Committee. She focuses on counseling investment companies, investment advisers, fund sponsors and independent directors in all aspects of the fund business.

Margery has significant experience advising on the creation and operation of registered open-end and closed-end investment companies, exchange traded funds (ETFs), and business development companies.  She regularly advises on fund governance, regulatory compliance and a broad range of transactions involving funds and/or advisory organizations.  She represents many different types of clients in the registered fund industry, including some of the largest and most well-known fund groups as well as smaller fund families and recent entrants.

Margery advises investment advisers on a wide range of matters.  Her clients include advisers to registered funds, private funds and separately managed accounts.  She advises on all aspects of an adviser’s business, including regulatory compliance, new product development, and change of control transactions.  She serves as counsel to dually registered investment advisers/broker-dealers in connection with advisory programs, including wrap fee programs and asset allocation programs involving mutual funds.

Chambers USA (2016) ranks Margery in Band 1 nationally for leading individuals practicing in the area of Investment Funds: Registered Funds, and she is recognized by The Legal 500 U.S. as a Leading Lawyer in the area of Investment Fund Formation and Management: Mutual/Registered Funds. Margery was named “Mutual Funds Law Lawyer of the Year” by Best Lawyers in America 2017 (she also received the recognition in 2012).

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Highlights

Margery K. Neale is a partner and Co-Chair of the Asset Management Group as well as a member of Willkie’s Executive Committee. She focuses on counseling investment companies, investment advisers, fund sponsors and independent directors in all aspects of the fund business.

Prior Experience

Prior to joining Willkie, Margery was a partner at Shearman & Sterling LLP.

Selected Professional and Business Activities

Margery is a member of the New York City Bar Association. She is a member of the Task Force on the Fund Director’s Guidebook of the Federal Regulation of Securities Committee of the American Bar Association (2014).

Selected Publications and Lectures

  • Co-Author, “SEC Proposes Sweeping Changes to the Use of Derivatives and Financial Commitment Transactions by Registered Funds and BDCs,” Journal of Investment Compliance (2016)
  • Co-Author, “Regulation of Investment Advisers Under the Investment Advisers Act,” 321, Securities Practice Portfolio Series (BNA).
  • Co-Author, "SEC Takes Aim at Fund Directors over Valuation Process: A Look at In Re J. Kenneth Alderman et al.," Financial Fraud Law Report (July/August 2013)
  • Co-Author, "Supreme Court Upholds Gartenberg Standard," Financial Fraud Law Report (June 2010)
  • Author, "Life After the Goldstein Decision," Bloomberg Law Reports, Fund Management, vol. 2, no. 8 (October 2006)
  • Author, "Inadvertent Investment Companies: Relief Pursuant to Sections 3(b)(2) and 6(c) of the Investment Company Act of 1940," The Investment Management Institute (Practising Law Institute 2001)
  • Co-Author, Chapter 7, "Distribution of Investment Company Shares," The Investment Company Regulation Deskbook, 1998
  • Author, "Private Investment Companies and Funds for Sophisticated Investors: Recent Proposals," Securities and Commodities Regulation, Vol. 26, No. 4 (Feb. 24, 1993)
  • Author, "Sale of Investment Advisory Business Relating to Mutual Funds from the Seller's Perspective," Investment Companies 1992 (Practising Law Institute 1992)

Publications / News / Events

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