Allison M. Fumai focuses her practice on the representation of registered investment companies and their investment advisers. She regularly advises mutual funds, closed-end funds and exchange-traded funds and their investment advisers on issues relating to the development and launch of new funds, ongoing compliance and regulatory matters, mergers, liquidations and restructuring of funds.
Ms. Fumai also has extensive experience advising issuers and underwriters on initial public offerings and rights offerings for closed-end funds. She has particular expertise with exchange-traded funds and represents a significant number of exchange-traded fund sponsors and exchange-traded funds in connection with their exemptive relief, launch of unique products and other issues relating to exchange-traded funds.
In its most recent edition, Chambers USA recognized Ms. Fumai as an Up and Coming Lawyer in the area of registered funds and noted that clients declare that "she is an excellent ’40 Act lawyer," adding that "she is thoughtful, articulate and measured; she is great at keeping her clients abreast of new regulatory and legal developments.” The Legal 500 (US) 2017 recognized her as a Next Generation Lawyer in the area of mutual/registered funds and noted that she is “extremely knowledgeable about ’40 Act funds and consistently provides timely, accurate advice.” In 2013 and 2016, she was named to the Rising Stars shortlist for the Euromoney Legal Media Group’s Americas Women in Business Law Awards in the Finance category as well as one of Fund Action’s Rising Stars of 2014. She was also named as a SuperLawyers New York Metro Area “Rising Star” for 2013 and as a Rising Star by the Euromoney Legal Media Group in 2016 and 2017 as part of its Expert Guides series (most recently in the investment funds category).
Ms. Fumai is a graduate of Cornell University (A.B., Economics) and Cornell University Law School (J.D.). She is a member of the New York and New Jersey Bars.