New York – September 15, 2020 – Proskauer, a leading international law firm, announces that Janna Manes, a member of the Firm’s Registered Funds Group, has been named as a Vice Chair of the Subcommittee on Investment Companies and Investment Advisers of the Federal Regulation of Securities Committee of the Business Law Section of the American Bar Association. Janna recently served as the Drafting Committee Chair for a comment letter to the Securities and Exchange Commission on proposed Rule 2a-5 under the Investment Company Act of 1940 (addressing fund board fair valuation duties) drafted by members of the Federal Regulation of Securities Committee's Task Force on Fund Directors (of which Janna is also a member), which comprises members of the Subcommittee.
“This is an outstanding and well deserved appointment. Janna is a first class registered funds lawyer and has a deep understanding of the Investment Company Act and the impact of proposed new regulations on funds and their governing boards,” said Stuart H. Coleman, Head of the Firm’s Registered Funds Group and a partner in the Firm’s New York Office.
Janna Manes has worked with registered investment companies and their boards of directors for all of her more than 25 years of practice. In addition to private practice, Janna served as General Counsel of a major asset management firm. As a result, her skill set covers the full range of the Investment Company Act practice. Her background and diverse experiences with a varied client base enable her to provide practical, timely advice appropriate to a client’s specific circumstances.
Janna advises many of her clients on a day-to-day basis on legal requirements and industry practices regarding compliance matters, SEC filings, board governance matters and fund formations and reorganizations. She also has extensive experience negotiating both routine and complex service provider agreements, structuring and reviewing compliance programs, and assisting clients in managing complex and long term projects to comply with new regulations or implement fund management or board initiatives.