Jacob C. Tiedt

Jacob Tiedt guides registered investment companies, including mutual funds, ETFs and closed-end funds, on product development, organization and launch, regulatory and compliance matters and complex transactional matters such as mergers, reorganizations and restructurings.

He also advises independent directors of investment companies on their fiduciary duties related to the oversight of registered funds.

Making complex legal concepts clear and understandable, Jacob provides creative, practical advice to registered investment companies, enabling them to navigate an evolving landscape of rules and regulations to achieve their desired outcomes. From complex product development to transactional matters such as the development of novel investment products, fund mergers or product restructurings, Jacob is skilled at identifying and addressing key legal and regulatory hurdles before they interfere with the client’s goals.

Jacob’s vast experience and on-point advice steer investment company independent directors to make well-informed decisions that hold up under the scrutiny of courts and regulators for the benefit of fund shareholders. His guidance empowers independent directors to protect fund shareholders from avoidable risks and secure favorable outcomes.

As a frequent writer and speaker on matters related to registered funds, Jacob serves as a Senior Editor of the Investment Services Regulatory Update, a monthly publication that keeps clients updated on relevant regulatory matters.

Experience

• Assisted a fund complex in the creation of a new open-end investment company trust and the lift-out of four funds from a turnkey trust into the new trust. The transaction included the conversion of one open-end mutual fund into an exchange-traded fund.
• Guided multiple listed term closed-end funds on the conversion into perpetual listed closed-end funds.
• Assisted independent directors of a registered fund complex in connection with both the sale to another fund complex of four listed closed-end funds and on the adoption of three mutual funds, which included the conversion of two of the mutual funds into exchange-traded funds.
• Represented several listed closed-end funds in connection with complex merger transactions and related shareholder solicitation and closed-end fund activist defense matters.
• Advised on the establishment of a new exchange-traded fund trust and a new closed-end interval fund on behalf of the independent directors of a registered mutual fund complex.