Karen L. Anderberg


Karen L. Anderberg


London | 160 Queen Victoria Street, London, UK EC4V 4QQ
+44 20 7184 7313 | +44 20 7184 7001


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 Sweet and Maxwell in 2017. She has spoken extensively on financial services regulatory matters, and has co-hosted a regular 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.

The 2017-2019 editions of The Legal 500 UK recommend Ms. Anderberg for investment funds and financial services regulatory. The 2017 edition notes that she is "very experienced on US private funds, SEC, ERISA and associated regulation". Ms. Anderberg has been recommended for financial services regulation since 2012 in The Legal 500 UK, where she is 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
  • Admitted in Maryland and the District of Columbia
  • Registered Foreign Lawyer, England and Wales
  • United States Court of Appeals for the District of Columbia Circuit
Speaking Engagements
  • U.S. Regulatory Priorities Seminar Series: Updates to Form ADV - London (March, 2019)
  • Updating Your Compliance Calendar for 2019: U.S. Regulatory Priorities for 2019 - London (January, 2019)
  • Investment Funds Conference: Disruption and Change in the Investment Funds Industry - Luxembourg (November, 2018)
  • Navigating Global Developments in the Investment Funds Industry - Opportunities for Ireland - Dublin (June, 2018)
  • Developments in UCITS: MiFID II, Brexit and Global Fund Distribution - Boston (May, 2018)
  • Developments in UCITS: MiFID II, Brexit and Global Fund Distribution - New York (May, 2018)
  • US Update: Cryptocurrencies and Blockchain Issues - London (April, 2018)
  • U.S. Regulatory Priorities for 2018 - London (March, 2018)
  • Amendments to Form ADV: What SEC-Registered Advisers Need to Know Now - London (January, 2018)
  • CFTC and NFA Ongoing Compliance in a Changing Regulatory Environment Seminar - London (September, 2017)
  • Navigating U.S. Broker-Dealer Registration Requirements and Exemptions: Options for Private Funds - London (June, 2017)
  • Navigating Global Regulatory Change in the Investment Funds Industry – Opportunities for Ireland - Dublin (June, 2017)
  • U.S. Regulatory Priorities for 2017 - London (March, 2017)
  • 6th Annual Funds Congress - London (February, 2017)
  • Accessing the US Market Using 1940 Act Funds - London (November, 2016)
  • Current and Future Developments: UCITS, AIFs, Brexit and Global Fund Distribution - New York (October, 2016)
  • Update on Recent US Regulatory Developments and SEC Enforcement Priorities - London (October, 2016)
  • ERISA Investors - The Nuts and Bolts for Funds - London (June, 2016)
  • Advanced Topics in CFTC and NFA Ongoing Compliance - London (May, 2016)
  • How to raise capital in the U.S. - London (April, 2016)
  • Advertising for Investment Advisers - London (April, 2016)
  • Offering Your Fund in the United States: Tips and Traps - London (March, 2016)
  • 5th Annual Funds Congress - London (February, 2016)
  • U.S. Regulatory Priorities for 2016 - London (January, 2016)