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Hedge Fund Management 2013

Author(s): Nora Jordan
Practice Area: Corporate & Securities
Published: Sep 2013
ISBN: 9781402420504
PLI Item #: 42544
CHB Spine #: B2044

As head of Davis Polk’s Investment Management Group, Ms. Jordan advises clients on collective investment vehicles, including hedge funds, mutual funds, closed-end funds and private equity funds. She acts as counsel to the adviser, the fund or the independent directors, depending on the client. Many of her matters involve advising clients concerning compliance with the Investment Company Act and Investment Advisers Act.

Ms. Jordan has worked on a number of internal and SEC investigations involving asset managers and has also worked on a number of acquisitions, reorganizations and structurings of asset managers. She also provides exemptive advice concerning the Investment Company Act for industrial holding companies and non-U.S. trading companies, banks, insurance companies and other financial institutions.

Ms. Jordan frequently provides advice to financial institutions that have affiliated asset managers and broker-dealers. Principal and agency transactions between asset manager clients and broker-dealers are highly regulated, and she provides advice on these regulations as well as other issues affecting advisers, private funds and mutual funds.

Work Highlights

  • Compliance and regulatory advice to some of the largest hedge funds in the United States, including Bridgewater, Lone Pine, Perella and Avenue Capital
  • Morgan Stanley in its investments in various hedge fund managers (Avenue Capital Group, Lansdowne Partners, FrontPoint Partners), as well as its merger with Dean Witter
  • The boards of directors of a complex of registered funds (almost $2 billion) that invest in hedge funds
  • SPDR S&P and other ETF Trusts sponsored by NYSE Euronext
  • Major financial institution in connection with an SEC-required review of trading between  its advisory subsidiaries and its broker-dealer subsidiaries
  • Morgan Stanley in its sale of its retail investment management business
  • Citi in the creation of a joint venture with Morgan Stanley, Morgan Stanley Smith Barney


  • Named one of the 50 Leading Women in Hedge Funds” – Hedge Fund Journal 2013 
  • Named one of the “500 Leading Lawyers in America” – Lawdragon 2015
  • Listed as a leading fund lawyer in several legal industry publications, including:
    • Chambers Global: The World’s Leading Lawyers for Business
    • Chambers USA: America’s Leading Lawyers for Business
    • Legalease’s The Legal 500 (United States)
    • IFLR1000: The Guide to the World’s Leading Financial Law Firms
    • Legal Media Group’s Expert Guide to the World’s Leading Private Equity Lawyers
    • Euromoney's Guide to the World’s Leading Women in Business Law
    • American Lawyer’s “45 under 45” Rising Stars of the Corporate Bar (2003)
    • American Lawyer: On cover and in feature article of the June 2003 edition entitled, “Women in the Law: Blooms in the Desert, Why Some Firms Get It, While Others Still Don’t”


Of Note

  • Chair of annual PLI conference on hedge funds
  • Speaker, panelist and author on a variety of investment management topics (e.g., hedge fund, investment adviser, international and Investment Company Act issues)


  • Vice-Chair, Board of Directors, The American Skin Association
  • Member, Board of Visitors, Duke Law School


Video Interview


  • Practice Group Coordinator, Investment Management Group, 2003-present
  • Partner, 1995-present
  • Associate, 1983-1995

Bar Admissions

  • State of New York


  • B.A., University of Notre Dame, 1980
    • cum laude
  • J.D., Duke University School of Law, 1983
    • with honors
    • Moot Court Board
    • Note and Comment Editor, Duke Law Journal