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Clifford Chance

Clifford Chance
Cliff Cone

Cliff Cone

Partner

Partner
Cliff Cone

Cliff Cone is the co-head of the US Funds and Investment Management Practice. He focuses primarily on the investment management sector and has a broad base of expertise advising alternative investment managers, registered investment companies, speciality finance companies and boards of directors with respect to all aspects of the Investment Company Act of 1940 and the Investment Advisers Act of 1940.

He specializes in the representation of closed-end funds, mutual funds, hedge funds, private equity funds, commodity funds, exchange-traded funds and investment advisers. He also regularly counsels issuers and underwriters with “status” issues arising under the Investment Company Act of 1940 and the Investment Advisers Act of 1940.

Cliff has extensive experience with the organization and ongoing representation of U.S. registered open-end and closed-end investment companies, hedge funds, private equity funds, commodity funds, exchange-traded funds and business development companies. Cliff also regularly consults with investment advisers on registration and ongoing compliance and disclosure issues, including compliance with the rules of the New York Stock Exchange and the Financial Industry Regulatory Authority, Inc. (FINRA).

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  • GSAM in the acquisition of the sponsorship interest in the Perth Physical Gold ETF, now known as the Goldman Sachs Physical Gold ETF
  • iShares in the formation and ongoing representation of its physical commodity ETFs, including the iShares Gold and Silver ETFs
  • VanEck as sponsor to the VanEck Bitcoin Trust
  • Morgan Stanley, as lead underwriter on the $2.2 billion IPO of the PIMCO Dynamic Income Opportunities Fund
  • BofA Securities, as lead underwriter on the $2.3 billion IPO of the BlackRock Capital Allocation Trust
  • Morgan Stanley, as lead underwriter on the $1.4 billion IPO of the Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund
  • Deutsche Bank, as lead underwriter on the $103 million IPO of the Eagle Point Credit Company
  • Wells Fargo Securities, LLC, as lead underwriter on the $885 million IPO of Tekla Healthcare Opportunities Fund
  • BofA Securites, as lead underwriter on the $752 million IPO of Cohen & Steers Limited Duration Preferred and Income Fund
  • TriplePoint Venture Growth BDC, Corp., a business development company, on its $125 million IPO and subsequent follow-on equity offerings
  • Aetos Alternatives Management in connection with the formation and ongoing representation its $3 billion registered fund of hedge funds business
  • the management of U.S.-based investment management businesses Global Thematic Partners and QS Investors, in their spin-out from Deutsche Asset Management
  • CenterSquare Investment Management in its spin-out from BNY Mellon
  • Terra Capital Partners in its strategic investment from Axar Capital Management
  • a foreign private equity manager in connection with an SEC enforcement investigation

News and client work

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Contact details

Career and qualifications

  • Cornell University (BA, American Studies) 2002
  • Brooklyn Law School (JD, Notes and Comments Editor, Brooklyn Law Review, Richardson Merit Scholar) 2005
  • Admitted as an Attorney-at-Law in New York 2006
  • Joined Clifford Chance 2007
  • Partner since 2013