Thursday, October 12, 2017
2:30 pm – 3:30 pm ET
As U.S. investors have been looking for ways to invest in digital currencies, fund managers have started to grapple with how to fit this new asset class into older, ill-fitting structures and rules.
Join us for a discussion on industry trends and how fund managers have been dealing with these issues, including:
- Background on Digital Currencies, ICOs and the Related Ecosystem
- Overview of General Regulatory Environment (including tax issues)
- Existing Publicly Known Investment Vehicles and SEC’s Rejections of Exchange Listing Applications
- Existing vs. New Fund Issues (including discussion of the Custody Rule under the Investment Advisers Act)
- Regulatory and Practical Issues Associated with Holding Digital Currencies
Joseph A. Hall, a member of Davis Polk’s Corporate Department and head of the firm’s corporate governance practice. He works on the full range of capital markets transactions, and advises public companies and regulated entities on corporate governance and financial regulatory compliance.
Gregory S. Rowland, a partner in Davis Polk’s Corporate Department, practicing in the Investment Management Group. He focuses on providing transactional, regulatory and compliance advice relating to investment advisers, mutual funds, closed-end funds, business development companies, private equity funds and hedge funds.
Mary Conway, a partner in Davis Polk’s Tax Department. She focuses on investment management matters, including the formation and operation of private equity funds, hedge funds, mutual funds and other pooled investment vehicles. Her practice includes partnership matters and international tax matters.
Reuben Grinberg, an associate in Davis Polk’s Financial Institutions Group. He focuses on providing strategic, transactional and regulatory advice to a wide array of both established and emerging participants on bank regulatory, FinTech and cybersecurity issues, including the regulatory treatment of virtual currencies and blockchain. He wrote the first widely read and cited academic paper on bitcoin, and is often cited in the media as an expert on digital currencies.