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Karen L. Anderberg advises UK, US and European asset managers and investment funds on all aspects of US financial services regulatory issues, including Securities and Exchange Commission (SEC) investment adviser and investment fund registration and exemptions and Commodity Futures Trading Commission (CFTC) requirements. Ms. Anderberg’s practice also consists of advising investment funds (including UCITS and AIFs) on global distribution issues, both via registration or passporting and on a private placement basis. Ms. Anderberg also counsels large financial services firms on global compliance and distribution matters.

Ms. Anderberg co-edited US Regulation for Asset Managers Outside the United States published by City and Financial Publishing in 2008, and is currently preparing the second edition for publication by Thompson Reuters in Summer 2017. She has spoken extensively on financial services regulatory matters, and has co-hosted a monthly seminar series on “US Regulation for UK Legal and Compliance Professionals” since 2008.

In 2017, Ms. Anderberg was named as one of the 50 leading women in hedge funds by The Hedge Fund Journal. The biennial report recognizes women who are making an impact in the hedge funds industry and are shaping the future of the industry. Ms. Anderberg has also been recommended for financial services since 2012 in The Legal 500 UK, where she is currently described as "friendly and calm." The 2013 edition highlighted the way she "drills down into the detail." She has been selected by Legal Business for inclusion in editions of Legal Experts in the field of Investment Funds since 2011.

Ms. Anderberg became a partner in January 2001. She joined Dechert as an associate in 1992 and practiced in Dechert’s Washington, D.C. office prior to 2003. She is admitted to practice before the District of Columbia Court of Appeals and the Maryland Court of Appeals. She is also a member of the District of Columbia and Maryland Bar Associations.


Colgate University, B.A., 1986
Boston University School of Law, J.D., 1992, cum laude, editorial board of the Boston University Law Review

Court Admissions

United States Court of Appeals for the District of Columbia Circuit
Maryland Court of Appeals

Bar Admissions/Qualifications

Admitted in Maryland and the District of Columbia
Registered Foreign Lawyer, England and Wales