Hedge Funds, Private Equity Funds, Investment Management,
Technology, Media & Venture Capital


Riveles Wahab is a boutique law firm representing hedge and private equity funds, investment managers, startups, creative businesses, technology companies, and other ventures. We are dedicated to providing sophisticated, strategic and responsive counsel delivered in an efficient and cost-effective manner. Our attorneys thrive on finding innovative, high-value solutions to our clients’ unique challenges and watching their ventures succeed.

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LAUNCHING A HEDGE FUND: A Detailed Overview and Primer.

Launching a hedge fund is a major undertaking that requires a systematic approach and experienced partners in a variety of industries and areas of expertise. Brokerage, legal, tax and technological considerations are essential to the development of a successful fund. Creating a legal and structural framework at the outset that is in tune with the fund’s investment objectives and investor base is the foundation for a successful fund. Read our outline of legal, structural and practical considerations to be evaluated in establishing your hedge fund here.


LAUNCHING A HEDGE FUND? Is Investment Adviser Registration Required?

For the founder of a new hedge fund, compliance with the new Investment Advisers Act registration regime is a critical initial step. If registration is required, investment advisory services may not be provided until SEC or state registration is obtained. Title IV of Dodd-Frank changed the regulatory landscape by basing registration not on the number of clients but on regulatory assets under management, thereby shifting regulatory authority over smaller managers to the states and regulating larger managers outright. This memorandum outlines which advisers must, may, or are prohibited from SEC registration.


Going-private transactions take a variety of forms but typically are (i) accomplished by a merger, tender offer or reverse stock split, (ii) spearheaded by the company’s senior management, and (iii) financed by third party debt and/or equity financers. The form chosen for the transaction in any particular case depends on need for outside financing, the composition of the shareholder base and the likelihood of a competing bid for the company, among other factors. Read more about going-private transaction here.


When is Information “Material”?: Tesla Motors and the Autopilot Crash Disclosure Dilemma

Securities laws and regulations require that reporting companies periodically publicly disclose certain information, as well as any information that is “material” to investors. This summer, the Wall Street Journal reported that the Securities and Exchange Commission was engaging in a preliminary investigation that Tesla failed to timely disclose to investors material information. The WSJ's report raises interesting questions about what constitutes material information when it comes to companies developing new technologies. read more


Kaiser Wahab Named to 2016 Super Lawyers List

Riveles Wahab LLP partner Kaiser Wahab has been named on the 2016 New York Metro Super Lawyers list as a top rated business and corporate attorney. Super Lawyers recognition is awarded to only five percent of attorneys in the New York Metro area. Mr. Wahab is honored to be named to this year’s list, as Super Lawyers has established itself as an indicator of attorney excellence, and thanks his peers for their nomination and positive evaluation of his career and achievements. read more

Kaiser Wahab Quoted in US News Speculating on Facebook Cannabis Business Strategy

Riveles Wahab LLP partner Kaiser Wahab has been quoted in two US News articles on his thoughts as to why Facebook has recently taken down the pages of several cannabis businesses. Kaiser speculated that the takedowns were the result of a newly-adopted company stance arising out of the fear that the advertising displayed next to the business’ pages “could constitute interstate commerce when shown to users outside a pot business’ home state”. read more


California Private Funds Managing Public Retirement Plans Face New Disclosures

Reporting and disclosure requirements for managers of alternative investment vehicles in California just became more complex with Governor Jerry Brown’s signing of a new amendment to California law, specifically aimed at transparency for fees and expenses associated with investment by State and Local pension and retirement plans. The new provision, AB 2833, provides that managers of AIVs (those who manage private equity funds, venture capital funds, hedge funds, and absolute return funds) are now required to deliver a slew of additional disclosures to Trustees of public pension and retirement plans, which include plans offered to civil servants and university educators. read more