Stikeman Elliott
Corporate Finance & Securities
Investment Funds

Stikeman Elliott is one of Canada's leading law firms in the investment funds area, with members of our Investment Funds Group located in major financial centres around the world, including Toronto, Montréal, Vancouver, New York and London. Our group is recognized in the Canadian Legal Lexpert Directory as "repeatedly recommended" in the investment funds area. We are one of very few firms with this national and international capability in the area of investment funds, particularly fund formation and fund offering transactions. We have top ranked lawyers in the areas of investment funds, taxation and derivatives which culminate into unsurpassed legal services for our investment fund clients.

We have been involved extensively in both the public and private investment fund markets, including the funds of funds and private equity fund markets. Our clients include both public and private investment funds, investment fund managers, dealers and advisers (both domestic and international), as well as financial institutions and other institutional investors. Members of our group act for a number of publicly offered mutual funds, listed closed-end funds, hedge funds and structured vehicles. We have also been involved in many mergers and acquisitions within the investment fund industry as well as negotiating and drafting all the required commercial contracts, outsourcing and joint venture agreements related to the set up and operations of funds. We regularly provide governance and compliance advice in established and emerging areas. Stikeman Elliott is a member of the Investment Funds Institute of Canada, and a regular sponsor of its annual conference.

Our experience includes:

  • Structuring both open-end and closed-end trusts and corporations as well as flow-through limited partnerships, commodity pools, hedge funds, private equity funds, income trusts, real estate investment trusts and royalty trust vehicles;

  • Tax structuring for investment funds and their managers and others;

  • Advising on funds of funds (including master feeder structures), due diligence, purchase and sale of secondary portfolio investments, as well as on how to reduce taxes on these transactions;

  • Advising on derivatives and the development of innovative financial products, including income conversion structures that use conventional and pre-paid forwards;

  • Advising on offerings of investment funds, including both public and private distributions of securities and domestic as well as cross-border and other international offerings;

  • Structuring asset management arrangements, including sub-advisory and referral arrangements;

  • Advising on mergers within the investment fund industry;

  • Providing regulatory and compliance advice to investment funds and their managers, advisers and distributors, including on emerging topics such as fund governance, anti-money laundering, anti-terrorist financing, market timing, "soft dollars" and best execution; and

  • Providing representation for enforcement matters, regulatory investigations, and civil claims, including class action disputes.

Recent Group Activities

Investment funds lawyers co-author Canada chapter in asset management publication
Stikeman Elliott lawyers Alix d'Anglejan-Chatillon and Jeffrey Elliott have contributed the chapter on Canada in The Asset Management Review. This publication provides a business-focused overview and analysis of regulation and market developments in asset management across 31 jurisdictions worldwide.

This article was first published in The Asset Management Review, 5th Edition (published in September 2016- editor Paul Dickson) by Law Business Research Ltd., London.

Related Practices
Key Contacts

Alix d'Anglejan-Chatillon
Jean Marc Huot

Jeffrey Elliott
Darin R. Renton

Leland P. Corbett
Craig A. Story

Michael G. Urbani

New York:
Kenneth G. Ottenbreit
Terence W. Doherty
Related Publications