Karen L. Anderberg

Karen L. Anderberg advises UK, U.S. and European asset managers and investment funds on all aspects of U.S. 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.

The Legal 500 UK recommend Ms. Anderberg for investment funds and financial services regulatory. The 2021 edition notes that she is “very responsive, with very strong knowledge of applicable law and regulation in the UK and across many other jurisdictions”. One client says “Karen Anderberg provides practical solutions that are very helpful to in-house lawyers. She is always our starting point when we encounter a novel distribution-related issue for which we do not have an answer or when we encounter a practical, legal, or regulatory impediment relating to cross-border distribution. She is also wonderfully pleasant to work with”. The 2019 edition says that Ms. Anderberg “excels in handling big-ticket work for major funds clients including on the regulatory issues associated with ensuring distribution arrangements are compliant with the various global regulations including on compliance with MiFID II”. The 2018 edition notes that she “advises on matters concerning SEC and CFTC regulation” and “handles work for leading UCITS managers”. The 2017 edition recommends Ms. Anderberg “for her ability to advise UK, U.S. and European investment funds and managers on U.S. regulatory issues”. The 2013 edition highlighted the way she "drills down into the detail". Ms. Anderberg has been recommended for financial services regulation since 2012 in The Legal 500 UK, where she was described as "friendly and calm". 

Ms. Anderberg co-edited U.S. 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 seminars on “U.S. 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 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.