• Kramer Levin is a market leader in serving public alternative funds and has worked closely with both alternative and traditional mutual fund managers in launching U.S. retail alternative platforms and serving their day-to-day regulatory needs. We have significant experience in adapting alternative strategies and instruments to the Investment Company Act of 1940 framework of retail mutual funds and interval funds. For independent boards and their members, we help define and clarify fiduciary obligations and provide sound and practical governance advice.