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    Investment Fund Law Blog


    Jay B. Gould

    Jay B. Gould

    T: +1.415.983.1226 F: +1.415.983.1200
    Email  |  Download vCard  | 
    T: +1.212.858.1637 F: +1.212.858.1500

    Jay Gould practices in the Corporate & Securities area. He counsels clients involved in all aspects of the financial services industry. Mr. Gould represents US registered investment companies, hedge funds, offshore investment companies, investment advisers, retail and institutional broker-dealers, and municipal bond underwriters. Mr. Gould has extensive experience in drafting private placement memoranda, partnership and limited liability company agreements, subscription agreements, registration statements, proxy statements, periodic reports, no-action letters, applications for exemptive relief and other documents for filing with the SEC, the FINRA and other regulatory agencies.

    Mr. Gould advises investment companies, investment advisers and broker-dealers on mergers and acquisitions. He also provides counsel on matters involving corporate governance and Sarbanes-Oxley compliance; mortgage securitizations and sales; collateralized debt offers; joint ventures and strategic relations; and retail, institutional and offshore securities distribution strategies and regulatory considerations.

    Prior to joining the firm, Mr. Gould served as Chief Counsel for E*TRADE Global Asset Management, Inc., Vice President with TransAmerica Life Companies, Senior Counsel to Bank of America NT&SA, and as an attorney with the Securities and Exchange Commission, White & Case LLP, and two other major international law firms.

    On behalf of the firm, Mr. Gould accepted a prestigious client service award for the second time on behalf of the Investment Funds & Investment team from HFM Week as the "Best Onshore Law Firm – Hedge Fund Start-Ups" at the 2013 HFMWeek U.S. Hedge Fund Service Awards in New York City. This marks the fifth consecutive year Pillsbury has been honored by HFMWeek for its service to the hedge fund community. Pillsbury also won the HFMWeek Award for "Best Onshore Law Firm - Client Service" in 2009, 2010 and 2011.

    Honors & Awards
    • Legal 500 US, Alternative/Hedge Funds—Leading Lawyer (2010-2014)


    Founder, Board Member and Counsel for the California Hedge Fund Association; Board Member and Counsel for the Florida Alternative Investment Association; Counsel for the Portland Alternative Investment Association; Member of the Steering Committee for the Managed Funds Association's Outside Counsel Forum; Seattle Alternative Investment Association, President, 2009, Board Member 2008-2010; Board of Directors, Association for Corporate Growth, San Francisco Chapter 2004-2007; Advisory Board Member, The Wall Street Lawyer; Former California State Bar Financial Institutions Committee, National Association of Corporate Directors

    Speaking Engagements

    Cyber Security: Managing Open-Ended Liability & the Trends in SEC Enforcement, Sponsor and Speaker, Los Angeles, CA, November 6, 2014

    Cyber Liability Preparedness for Asset Managers, Sponsor and Speaker, Webinar, July 17, 2014

    Insider Trading Enforcement – Responding to SEC Examinations and Practical Guidance to Survive the New Regulatory Environment, Sponsor and Speaker, New York, NY, July 16, 2014

    Capital Raising Considerations for Emerging and Established Private Investment Companies, Sponsor and Speaker, Los Angeles, CA June 26, 2014

    Chief Operating Officers on Organizing and Operating a Startup Fund, Moderator, Operational and Capital Raising Considerations for Starting a Hedge Fund in 2014, San Francisco, CA, January 29, 2014

    Advertising by Private Fund Advisers: How to Comply with the SEC’s New General Solicitation Rules and Form D Changes, Speaker, IA Watch Webinar, August 21, 2013

    Regulatory Challenges for Chief Compliance Officers, Sponsor and Speaker, San Francisco, CA, February 27, 2013 and Los Angeles, CA, February 28, 2013

    Challenges and Opportunities for Starting a Hedge Fund, Sponsor and Speaker, San Francisco, CA, January 23, 2013

    JOBS Act - Brave New World of General Advertising by Hedge Funds, Sponsor and Speaker, San Francisco, CA, June 14, 2012

    Registration, Reporting and Examinations, Speaker, Managed Funds Association, San Francisco, CA, May 2, 2012

    Broker Dealer Focus, Speaker, Florida Alternative Investment Association Meeting of the Americas 2012, Coral Gables, FL, March 20, 2012

    Hedge Funds 2012: Changes & Challenges of Raising Capital, Sponsor and Speaker, San Francisco, CA, February 23, 2012

    Global Regulatory Initiatives Impacting Private Funds, Moderator, PEI Private Fund Compliance Forum, San Francisco, CA, December 2, 2011

    Regulatory changes: What will be the effect on business models?, Speaker, AR Symposium 2011, New York, NY, November 2, 2011

    Registered Fund Solutions Roundtable, Sponsor and Speaker, San Francisco, CA, October 27, 2011

    Dodd-Frank and What it Means to Treasury Professionals, Keynote Speaker, 23rd Annual San Francisco Treasury Symposium, October 20, 2011

    Macro Weakness & Micro Strengths, Moderator, Institutional Investor’s Alpha Hedge 17th Annual Institutional Investment Conference, San Francisco, CA, September 26, 2011

    Seeding Hedge Funds, Moderator, The Global Alpha Forum, Greenwich, CT, September 23, 2011

    Getting Prepared to Answer Your Prospects’ Toughest Questions, Moderator, Marketing & Client Servicing for Hedge Funds, New York, NY, September 8, 2011

    Accessing Global Markets through Alternatives, Keynote Speaker, 5th Annual Alternative Investment Consultants Summit, Greenwich, CT, July 21, 2011

    Is Diversification Dead?, Moderator, 17th Annual Global Hedge Fund Summit, Bermuda, May 3, 2011

    Changing Considerations for a Successful Hedge Fund Launch in 2011, Moderator, San Francisco, CA, April 28, 2011

    The Outlook for Hedge Funds in 2011 – What are Allocators Looking for Now?, Moderator, San Francisco, CA, February 24, 2011

    Key Issues in Regulatory Reform, Moderator, 31st Annual Northwest Securities Institute, Portland, OR, February 4, 2011

    What You Need to Know to be Prepared for an SEC Examination, Speaker, MFA Network 2011, Palm Beach, FL, January 31, 2011

    Alternative Investment Consultants Summit, Speaker, Greenwich, CT, January 27, 2011

    Consequences of Rising Sovereign Debt, Moderator, Institutional Investor's Alpha Hedge 16th Annual Institutional Investment Conference, San Francisco, CA, September 27, 2010

    Due Diligence and Fraud – The Reality of Headline Risk, Bay Area Hedge Fund Roundtable, Moderator, San Francisco, CA, July 28, 2010

    Alternative Investment Consultants Summit, Speaker, Greenwich, CT,
    July 21, 2010

    Is Now the Right Time to Start a Hedge Fund?, Moderator, San Francisco, CA, June 23, 2010

    Global Hedge Fund Forum 2010, Moderator, Hedge Connection, June 22, 2010

    Australia—A Growing Economic and Capital Markets Success Story, Moderator, San Francisco, CA, June 9, 2010

    Financial Reform—What it Means to You, Speaker, Southern California Investment Funds Roundtable, Beverly Hills, CA, May 13, 2010

    Credit: Mining for Gems Amid the Rubble, Moderator, Institutional Investor’s Alpha Hedge 16th Annual Global Hedge Fund Summit, Southampton, Bermuda, May 4, 2010

    Southern California Investment Fund Roundtable, Speaker, Managed Funds Association, Beverly Hills, CA, January 21, 2010

    Southern California Investment Fund Roundtable, Speaker, Managed Funds Association, Dana Point, CA, January 20, 2010

    Regulatory Change in the Fund Industry: Impact and Implications, Speaker, Tokyo, Japan, October 23, 2009

    New SEC Enforcement and Examination Protocols, Moderator, San Francisco, CA, October 8, 2009

    SEC Enforcement Protocols, Moderator, San Francisco, CA, September 8, 2009

    The Renaissance of Global Macro, Moderator, MFA Forum 2009, Chicago, IL, June 23, 2009

    Legal, Accounting and Tax Issues Related to Redemptions: Clawbacks, Side Pockets, Gates & SPV, Speaker, Financial Research Associates, LLC, June 3, 2009

    Southern California Investment Fund Roundtable, Moderator, Rothstein Kass, Santa Monica, CA, April 29, 2009

    CFO Forum, Speaker, Bridges to Leadership, Rancho Cordova, CA, June 9, 2009

    Focus on Capital Raising, Host, Northwest Hedge Fund Society, Seattle, WA, February 19, 2009

    Special Briefing on the Future of Securities Regulation and the Implications to Fund Managers, Moderator, San Francisco, CA, February 18, 2009

    Advanced Securities Regulation, Guest lecturer, Stanford University School of Law, Palo Alto, CA, February 17, 2009

    Investment Section Meeting, Panelist, National Association of Public Pension Attorneys, Washington, DC, February 5, 2009

    The Changing Landscape, Speaker, Northwest Hedge Fund Society, Seattle, WA, November 20, 2008

    Legal Panel, Speaker, BNP Paribas 7th Annual West Coast CFO/COO Summit, San Francisco, CA, November 19, 2008

    Creative Capital Raising Techniques for Fund Managers During Challenging Market Conditions, Moderator, San Francisco, CA, September 25, 2008

    Sound Practices for Hedge Fund-Managers, Moderator, Northwest Hedge Fund Society, Seattle, WA, September 11, 2008

    Investment Roundtable, Moderator, The 5th Annual Hedge Fund Incubation and Seeding Conference, New York, NY, July 28, 2008

    Getting the Most out of Prime Broker Capital Introductions, Moderator, Marketing & Client Servicing for Hedge Funds Conference, New York, NY, July 16, 2008

    Launching a Hedge Fund: Investment, Legal and Technology Considerations, Panelist, Eze Castle Integration Webinar, May 20, 2008

    Sound Practices Highlights, Moderator, Sound Practices for Hedge Fund Managers, San Francisco, CA, May 8, 2008

    Special Briefing on U.S. Hedge Fund Regulatory Issues, Speaker, Singapore, April 24, 2008

    Special Briefing on Hedge Fund Advertising, Moderator, San Francisco, CA, April 17, 2008

    HedgeCo Investor Summit 2008, Master of Ceremonies, New York, NY, March 20, 2008

    Beyond Returns: What Allocators Want to Know, Moderator, Managed Funds Association Network 2008, Biscayne, FL, February 12, 2008

    The 4th Annual Hedge Fund Incubation and Seeding Conference, Chair/Moderator, New York, NY, January 30-31, 2008

    Seeking the Globally Cooperative Solution: Establishing the Highest Standards from within the Industry, Moderator, Tokyo Hedge Fund Symposium, Tokyo, Japan, November 13, 2007

    Valuation: Complexities in the Valuation of Hedge Fund Portfolios, Moderator, Managed Funds Association Risk Management and Valuation Seminar, New York, NY, September 18, 2007

    Introduction to Carbon Trading and Finance Seminar, How to Create a Carbon Hedge Fund, Speaker and Sponsor, San Francisco, CA, July 17, 2007

    Legal/Regulatory Panel, Speaker, Banc of America Securities Prime Brokerage, 6th Annual Northeast CFO/COO Summit, New York, NY, July 10, 2007

    Evaluating The True Impact Of Basel 2 On The Hedge Funds Industry: Will It Just Impact Banks Or Will It Dampen The Wider Investor Landscape?, Moderator, IQPC Hedge Fund Investments Japan IQ 2007, Tokyo, Japan, June 12, 2007

    Hedge Funds, VCs and Climate Change Converge, Moderator, San Francisco, CA, May 10, 2007

    New SEC and CA Regulatory Proposals Affecting Hedge Fund Advisers, Distributors and Investors, Moderator, San Francisco, CA, January 18, 2007

    Legal & Regulatory Update, Speaker, 5th Annual West Coast CFO/COO Summit, Managing a Growing Hedge Fund Business, San Francisco, CA, November 18, 2006

    13F Filing & Trading Strategies, Trade Secrets or Fair Game?, Speaker, IncreMental Advantage conference call, October 25, 2006

    Hedge Fund Activism – Offensive and Defensive, Moderator, San Francisco, CA, October 18, 2006

    Hot Topics in the Hedge Fund Industry, Speaker, NICSA Alternative Investment Conference, Los Angeles, CA, October 5, 2006

    How 'ACT II' of the SEC's Regulation of Hedge Funds Will Potentially Impact the Industry?, Speaker, GAIM USA Fund of Funds, New York, NY, September 20, 2006

    Lessons Learned from Enforcement Cases and Deficiency Letter, Speaker, Marketing & Advertising Compliance Forum for Investment Advisors, New York, NY, September 14, 2006

    How Do You Raise Capital?, Speaker, Hedge Fund Incubation and Seedling Conference, New York, NY, September 12, 2006

    Asian Hedge Funds: Legal, Operational and Cultural Considerations of Hedge Fund Organization and Investment in Japan and Elsewhere, speaker, San Francisco, CA, April 19, 2006

    Registration Lite, Speaker, Hedge Fund Symposium 2006; Hong Kong, January 2006

    U.S. securities laws and the obligation of certain hedge fund managers under the new U.S. hedge fund adviser registration rule and the liability provisions of the U.S. securities laws, presented to Nordea Bank Legal Department, Stockholm, Sweden, December 2005

    Markets in Financial Institutions Directive (MiFID) Conference, Speaker, Luxembourg, December 2005

    Application of U.S. securities laws to certain Japanese sales and marketing activities, Speaker, Alternative Investment Management Association (AIMA), Tokyo, Japan, September 2005

    Obligations under the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940 and the Investment Advisers Act of 1940 regarding certain Nordea Bank activities in the U.S., presentation to senior Nordea Bank executives, Copenhagen, Denmark, May 2005

    State of California
    District of Columbia
    State of New York
    State of Washington
    J.D., The Catholic University of America, Columbus School of Law, 1983
    B.A., University of Washington, 1978

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