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Derek N. Steingarten

Partner
+1.212.536.4024
Fax +1.212.813.8829
Derek Steingarten is an investment management group partner based in the firm’s New York office. He focuses on work for asset managers and the registered and unregistered funds they sponsor, including ongoing regulatory issues and strategic transactions that involve hedge funds, mutual funds, private equity funds, collective investment trusts and other traditional and ‘alternative’ vehicles. His clients include managers of traditional and alternative assets (including cryptocurrencies), FinTech firms operating in the asset management industry, seasoned and startup funds, banks and other financial services firms, investment consultants, funds-of-funds, open and closed-end registered mutual funds, and fund boards of directors. He draws regularly on the firm’s specialty practices in tax, ERISA, employment and litigation to provide comprehensive service to asset management firms with offices and operations in the United States and other jurisdictions.

Professional Background

Mr. Steingarten was a partner in the financial institutions group of a prominent national law firm based in Boston, where he worked for 15 years prior to joining K&L Gates in 2015. As a university and law student, Mr. Steingarten worked for the Government of Canada, within both the Department of Foreign Affairs and the Department of Justice.

Achievements

Mr. Steingarten is consistently ranked among leading investment lawyers by prominent independent, client-driven legal directories such as Chambers USA and The Legal 500. In particular, he has been recognized in each Chambers USA, Leading Lawyers For Business guides published annually since 2008. The 2017 Chambers guide cites his “timely, high-quality advice” and his “keen focus on the business considerations that are implicated by his advice.”

Speaking Engagements

Mr. Steingarten speaks regularly at industry events focused on investment adviser and fund regulatory and compliance issues, including as a panelist at the following: K&L Gates IM Conference: “Regulatory & Industry Initiatives and Trends,” “Cryptocurrencies & ICOs in Investment Management,” and “ETF & Registered Fund Developments” (NYC, October 2018); K&L Gates ETF Think Tank: “ETFs are Global: Cross-Border Considerations” (NYC, September 2018 and Boston, October 2018); K&L Gates IM Conference: “Big Data and Quantamental Investing/Registered Funds Issues/Cryptocurrency” (NYC, October 2017); Alternative Investment Management Association (AIMA): “How Hedge Funds can Maximize Big Data by Minimizing Legal Risk” (NYC, July 2017); “Brexit Q&A” (webinar, January 2017); K&L Gates “IM Conference – Registered Funds” (Chicago, January 2017); Financial Research Associates “Sub-Advised Funds Forum” (NYC, September 2016); NRS “Investment Adviser Compliance Symposium” (Chicago, July 2016); K&L Gates “New Manager Forum” (NYC, April 2016); Compliance Reporter “Compliance Breakfast Briefing” (NYC, November 2015).
Derek’s recent engagements include the representation of: 
  • Multi-billion dollar asset management firms in connection with a wide range of corporate and securities matters focused on institutional money management, sub-adviser relationships, private fund launches and seeding transactions.
  • Established middle-market asset managers and private equity funds in transactions to acquire or sell RIA firms or fund product franchises, establish (or restructure) joint ventures; negotiate and implement management team lift-outs, and develop new lines of business in a regulated environment (e.g. index licensing and ETFs).
  • Industry organizations seeking expertise-driven guidance and advocacy in key aspects of their interactions with securities regulators.
  • Boards of Directors of registered mutual funds ETFs and closed end funds pursuing specialized investment strategies, including ‘alternative’ mutual funds. 
  • Non-U.S. fund managers required to register with the SEC and/or maintain processed to ensure cross-border compliance with U.S. securities and regulatory issues that impact funds and U.S. institutional and retail investors.
  • Various pension and endowment consulting firms as they enhance their capacity to provide outsourced CIO services and fully discretionary management services.
  • FinTech startups (including robo-advisors) building regulated and unregulated investment advisory, trading and indexing businesses.
  • Entrepreneurial portfolio managers founding their own independent hedge funds and/or or building a boutique franchise within an established firm.