Mike Scally is an attorney and a director at Duff & Phelps in the Compliance and Regulatory Consulting practice. Mike has extensive practical experience providing legal and compliance counsel to a variety of investment advisers including to hedge funds (both onshore and offshore), private equity funds and other investment vehicles. Mike has worked with asset managers in all areas of the investment management arena.

Mike has over 15 years of legal and compliance consulting experience. Prior to joining Duff & Phelps, he launched a compliance consulting firm where, for over seven years, he worked with his clients to develop their compliance programs and provided outsourced compliance monitoring services to registered and unregistered investment advisers. These compliance programs served to identify and address risks and conflicts, conduct mock regulatory examinations and assist with regulatory examinations and inquiries. In this role, Mike also provided extensive due diligence services to fund of funds, family offices, and endowments in connection with their prospective alternative investments.

Prior to launching this compliance consulting firm, Mike was a Vice President in the New York office of Investcorp Investment Advisers where he was responsible for all aspects of on-boarding joint venture hedge funds established by Investcorp and independent investment advisers onto Investcorp’s emerging manager platform. In addition, he negotiated terms related to the joint venture agreements between Investcorp and each third-party investment adviser. He also worked extensively with Investcorp’s fund of funds products.

Previously, Mike was an attorney at Seward & Kissel LLP in their Investment Management practice. He represented and provided counsel to registered and unregistered investment advisers in connection with the formation and offering of domestic and offshore hedge funds including master-feeder funds and funds-of-funds. Mike also advised clients with respect to various U.S. taxation and ERISA issues pertaining to investment advisers and private investment vehicles. Further, he structured funds based on analysis of the securities laws and corresponding regulations of foreign jurisdictions including the Cayman Islands, Bermuda and the B.V.I. and prepared, reviewed and negotiated side letters with investors.

Mike earned his B.A. in Economics from Duke University and his J.D. from Duke University School of Law.

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