Mr. Burdon regularly advises registered investment companies, business development companies and their boards of directors, public and private fund-of-hedge-funds and other alternative products, and multinational investment advisers. Mr. Burdon also represents asset management companies and other financial institutions in connection with their transactional activities, such as mergers and acquisitions, divestitures and split-offs of operational groups, and advises asset management companies and other financial institutions in connection with the regulatory and compliance implications of regulatory investigations and enforcement proceedings. Mr. Burdon’s other regular engagements consist of advising domestic, international and multinational companies on investment company status matters, including ordinary operating companies and U.S. mortgage REITs. In this regard Mr. Burdon represented Altaba Inc. (formerly Yahoo! Inc.) in connection with its registration as an investment company under the Investment Company Act.
Mr. Burdon regularly represents fund sponsors and underwriters in developing new investment products, in initial public offerings of closed-end funds and business development companies, and in secondary financings, such as at-the-market offerings, rights offerings, public bond offerings, and public and private preferred equity offerings. Mr. Burdon’s engagements also regularly include representing fund sponsors and distributors, mutual funds, closed-end funds and business development companies in connection with their routine activities, and in connection with non-routine matters, such as in seeking and obtaining exemptive or no-action relief from the Securities and Exchange Commission and FINRA, or in responding to shareholder activism.
In the public investment company area, Mr. Burdon has represented clients such as the BlackRock Funds, including BlackRock Municipal Target Term Trust in its $1.55 billion initial public offering; the Gabelli Funds; the RMR Funds; the Cushing Funds; Tweedy, Browne; funds advised by John Hancock and Oppenheimer; Great Elm Capital Corp., a business development company; and underwriters of closed-end funds, such as Wells Fargo. He also has represented BlackRock, Franklin Square Capital Partners and others in developing innovative products and product structures to pursue registered and unregistered alternative strategies. In the private product area, he has represented the EIM Group in connection with a variety of onshore and offshore products, and regularly advises private fund advisers on Investment Advisers Act, registration, compliance and fiduciary matters. Mr. Burdon also has represented financial institutions, such as The TCW Group, Société Générale, Credit Suisse and Ameriprise, in connection with their transactional activities, including counseling them on associated regulatory and compliance matters.
Mr. Burdon co-authors Investment Management Regulation, Fifth Edition, a law school course book on the Investment Company Act and the Investment Advisers Act.