Commodities Funds

Success in the commodities trading business depends on versatility and the ability to react to fluctuating market conditions, global factors and geopolitical headwinds. With a dedicated team of lawyers, our commodity trading advisors (CTA)/commodity pool operators (CPO) practice minimizes risk while maximizing opportunities as we organize and represent commodity pools and their CTAs and sponsors.

We handle a full range of regulatory and commercial matters involving these instruments for industry-leading CTAs and CPOs, drawing support from related practices throughout the firm as needed.

Our team also brings in-depth knowledge of the sector through the experience of our leadership, who are highly involved in the Managed Funds Association CTA/CPO Forum and the Alternative Investment Management Association (AIMA) Commodity Futures Trading Commission (CFTC) working group—gaining insight for our clients on a continuing basis as new developments arise. Combining our multidisciplinary approach to advising and representing clients with the resources of a full-service global law firm, our lawyers effectively and efficiently:

Represent sponsors of all types of commodity trading firms, including CTAs and sponsors of commodity pools.

Actively advise large CTAs and CPOs in connection with:

Registration and exemption
Counterparty and trading relationships
CTA and CPO compliance
Speculative Position Limit Compliance
Markets in Financial Instruments Directive (MiFID) II and General Data Protection Regulation (GDPR) compliance
National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) and exchange audits and enforcement actions
Tax and Employee Retirement Income Security Act (ERISA) advice
Intellectual property and trademark protection
Cybersecurity, privacy and data protection.