Elliot J. Gluck

Partner

New York
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019-6099
T 212 728 8138
F 212 728 9138
egluckwillkie.com

Elliot J. Gluck is a partner in the Asset Management Department of Willkie Farr & Gallagher LLP. Elliot's practice focuses on representing mutual funds, closed-end funds, exchange-traded funds (ETFs), their investment advisers and their boards. He serves as fund counsel to some of the largest fund complexes in the registered fund industry, as well as mid-size and smaller fund groups. He has also assisted a number of fund sponsors with entry into the registered fund industry.

Elliot has extensive experience in counseling on the organization and operation of registered investment companies, including with respect to a broad range of innovative and novel products and structures. He regularly advises registered funds on a wide range of compliance, corporate governance and complex regulatory matters. Elliot counsels clients with respect to trending investments and investment strategies, such as digital assets and ESG. He also represents closed-end funds in capital markets transactions, including initial and secondary public offerings of common and preferred stock and rights offerings.

Elliot has significant transactional experience, regularly counseling clients on mergers and acquisitions of asset management companies, registered fund mergers and fund adoptions. He also advises investment advisers in a broad array of matters, including new product development, investment advisory/wrap fee programs and regulatory compliance.

Elliot is ranked nationally for Investment Funds: Registered Funds in Chambers USA (2022). In 2016, he was selected as a Rising Star of Mutual Funds at the highly coveted Mutual Fund Industry Awards. Elliot has also been recognized by Legal 500 US and IFLR1000.

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Elliot J. Gluck is a partner in the Asset Management Department of Willkie Farr & Gallagher LLP. Elliot's practice focuses on representing mutual funds, closed-end funds, exchange-traded funds (ETFs), their investment advisers and their boards. He serves as fund counsel to some of the largest fund complexes in the registered fund industry, as well as mid-size and smaller fund groups. He has also assisted a number of fund sponsors with entry into the registered fund industry.

Selected Significant Matters

  • Counseling AIG in the sale of its retail mutual fund business to Touchstone Investments
  • Represented several closed-end funds in their initial public offerings
  • Advised large asset manager on the launching of its initial semi-transparent, actively managed ETFs
  • Representing closed-end fund and its independent directors in actions to address discounts and responding to activist shareholder
  • Assisting large asset manager in the consolidation of several closed-end funds
  • Represented various fund managers in the organization and offering of several unique "alternative" mutual funds
  • Counseled Aquiline Capital Partners in its strategic investment in SageView Advisory Group 
  • Advised Simplicity Group Holdings in its sale to Lee Equity Partners
  • Assisted Brinker Capital in its merger with Orion Advisor Solutions
  • Advised Personal Capital in its sale to Empower Retirement
  • Represented TD Asset Management in the transition of its money market fund assets to Federated funds
  • Represented Aberdeen Asset Management PLC in its acquisitions of Arden Asset Management, LLC, Artio Global Investors Inc. and the Bank of Hawaii fund business
  • Assisted Aberdeen in the consolidation of eight closed-end funds into a single fund and a tender offer for shares of the surviving fund following the consolidation
  • Represented Aberdeen Asia-Pacific Income Fund, Inc. in the refinancing of its leverage facility, including the structuring and private placement of rated preferred stock
  • Represented Credit Suisse-advised and Aberdeen-advised closed-end funds in rights, secondary and at-the-market offerings
  • Counseled Genstar Capital in its acquisition of a majority stake in Cetera Financial Group
  • Represented Genstar Capital in its acquisition and subsequent disposition of Institutional Shareholder Services
  • Advised Colony Capital in its merger with Northstar Asset Management and Northstar Realty Finance
  • Counseled Aquiline Capital Partners and Genstar Capital in their acquisition of AssetMark and Altegris from Genworth Financial, and AssetMark in its subsequent sale to Huatai Securities
  • Advised two private equity sponsors in their sale of Interactive Data Corporation to Intercontinental Exchange
  • Counseled Genstar Capital and Aquiline Capital Partners in their acquisition of Ascensus from J.C. Flowers
  • Advised Genstar Capital in its acquisition of Mercer Advisors
  • Represented Credit Suisse and Credit Suisse Funds on the sale of Credit Suisse's traditional asset management business to Aberdeen

Selected Publications and Lectures

  • Co-Author, "SEC Proposes Amendments to Money Market Fund Rules," The Investment Lawyer (2022)
  • Panelist, "Primary Market/Product Development: ESG Funds," Investment Company Institute Closed-End Fund Conference (2021)
  • Co-Presenter, "Interval Funds and Tender Offer Funds: What Managers and Distributors Need to Know," Investment Adviser Association Webinar (2021)
  • Co-Presenter, "Key Considerations in Asset Management M&A/Consolidation Transactions," Investment Company Institute Mutual Funds and Investment Management Conference (2021)
  • Co-Presenter, "New Framework for Use of Derivatives & Other Leveraged Transactions by Registered Funds & BDCs," SIFMA AMG Webinar (2021)
  • Co-Author, "Regulation of Investment Advisers Under the Investment Advisers Act," Bloomberg BNA (2014)

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