Abby Bertumen counsels registered investment companies and investment advisers in connection with their organization, registration, and operation, including advice on regulatory and compliance matters. Abby also advises US and international clients on compliance with the Investment Company Act and the Investment Advisers Act. She regularly works with exchange-traded funds (ETFs), open-end funds, closed-end funds, and investment advisers of varying sizes and assets under management. Abby also counsels clients on the preparation and filing of registration statements, proxy statements, and exemptive applications with the US Securities and Exchange Commission.
Prior to re-joining Morgan Lewis, where she began her career, Abby was the general counsel of a private-label ETF investment adviser, which manages over $5 billion in assets of a variety of index and actively managed ETFs, including domestic and international equity, emerging and frontier markets, fixed income, fund of funds, thematic, and sector-specific products. As general counsel, Abby oversaw all legal and regulatory aspects of the offering and operation of the ETFs and the adviser’s overall investment advisory business, which included provision of sub-advisory services and portfolio management to ’33 Act exchange-traded products. She regularly drafted and negotiated commercial agreements and vendor and service provider agreements on behalf of the investment adviser. Additionally, she provided counsel on various corporate and transactional matters related to the company and its business lines.
Prior to that, Abby was an associate at a London-based international law firm, where she counseled US and non-US investment advisers of private funds and hedge funds on complying with numerous provisions of the Investment Advisers Act and non-US investment companies on offerings in the US.
Recommended, Investment fund formation and management: Mutual/registered/exchange-traded funds, The Legal 500 US (2022)
Member, Best ETF Law Firm, ETF Express US Awards (2021, 2022)
Rising Star for the Mutual Fund and ETF Industry, Fund Intelligence (2020)
Member, New York State Bar Association