Michael Renetzky’s practice focuses on investment management, securities and corporate law. Mr. Renetzky devotes a substantial portion of his time to representing buyers and sellers in mergers and acquisitions transactions. Additionally, he has considerable experience counseling clients on securities law compliance, debt and equity financing matters, investment adviser, investment company and broker-dealer regulation.
Mr. Renetzky is Co-Chair of the Firm's Corporate and Transactional Department, a former member of the Firm’s Executive Committee and Board of Directors, the head of the Firm’s Investment Adviser and Fund Management practice and a contributing author and editor of the firm’s FUNDamentals(TM) Investment Management QuickStudy Series, which is prepared for investment advisers, fund managers and private investment companies.
Education
- J.D., Harvard Law School, 1996
- B.A./B.S., summa cum laude, Saint Louis University, 1993
Bar Admissions
Admitted To Practice
- State Courts, Illinois, 1996
- U.S. District Court for the Northern District of Illinois, 1996
Representative Experience
Counseling and Compliance
- Organization of registered investment companies, hedge funds and other funds exempt from the registration requirements of the Investment Company Act of 1940;
- Registration of federally covered and state covered investment advisers;
- Counseling on regulatory and compliance concerns affecting investment funds, federally covered investment advisers and state registered investment advisers;
- Developing compliance programs and conducting compliance audits for investment advisers and broker-dealers;
- Counseling on the Investment Company Act and broker-dealer implications of the life settlement business;
- Developing and implementing a 38a-1 compliance certification program for a large mutual fund complex;
- Counseling on the unique federal and state investment management regulatory issues faced by federal savings banks; and
- Counseling boards of directors of mutual companies and other non-stock entities on corporate governance matters.
Transactions
- MTL Insurance Company’s $30 million offering of 6.25% Surplus Notes;
- The Hartford's (NYSE: HIG) disposition of Specialty Risk Services, a third-party claims administrator, for $278 million;
- Humana's (NYSE: HUM) acquisition through merger of Concentra, Inc., a health care provider, for $790 million;
- Creation and SEC registration of Individual Variable Deferred Annuity for Federal Life Insurance Company (Mutual) and underlying open-end registered investment management company;
- Exchange of approximately 17% of the common stock of Triad Guaranty Inc. (NASDAQ: TGIC) in a tax-free reorganization of an affiliate of the largest beneficial owner of shares;
- $150 million offering of Noncumulative Perpetual Preferred Shares of a financial holding company;
- Hartford Life Insurance Company’s acquisition of the group benefits division of CNA Financial Corporation for $500 million;
- Merger of Woronoco Bancorp, Inc. (AMEX: WRO) with and into Berkshire Hills Bancorp, Inc. (AMEX: BHL);
- $4 billion medium term note program backed by XL Life Insurance and Annuity Company funding agreements;
- $150 million offering of Surplus Notes of BlueCross BlueShield of Florida;
- Hartford Life Insurance Company’s acquisition of the annuity, life and investment businesses of the Fortis Financial Group for $1.1 billion;
- Acquisition of all of the publicly-held shares of Phoenix Investment Partners (NYSE: PXP) by Phoenix Home Life; and
- Aetna’s sale of its individual life insurance business to Lincoln National for $1 billion.
Publications & Presentations
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Co-Author,
"
Locke Lord QuickStudy: Variable Products Distribution - SEC Issues No Action Letter Clarifying Position on Insurance Networking Arrangements
,"
Locke Lord
(May 7, 2013)
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Speaker,
"Investment Advisers Act Issues: Rise of the Dark Knight,"
ACIC Annual Meeting & Education Conference
(October 2012)
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Course Professor,
"Fund Governance,"
Regulatory Compliance Association
(2012)
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Speaker,
"New Developments in Governmental Regulation,"
iGlobal Forum 6th Real Estate Private Equity Summit, New York
(2012)
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Practice Member,
"Regulatory & Transactional Insurance: The Guidance You Need,"
Locke Lord Brochure
(February 2012)
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Co-Author,
"
Locke Lord QuickStudy: SEC Adopts Advisers Act Rule 204(b)-1
,"
Locke Lord
(November 4, 2011)
-
Co-Author,
"Locke Lord QuickStudy: SEC Proposes to Update Performance Fee Rule; Advisers May Need to Register Additional IARs,"
Locke Lord
(May 31, 2011)
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Author,
"Client Alert: SEC Adopts Amendments to Form ADV Part 2,"
Locke Lord
(August 26, 2010)
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Author,
"Client Alert: New York Probes Insurers’ Use of Retained Asset Accounts,"
Locke Lord
(August 3, 2010)
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Speaker,
"Financial Regulatory Reform, Regulatory Panel,"
LIMRA Compliance & Market Conduct Exchange
(2010)
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Author,
"Client Alert: Proposed Amendments to the Custody Rule – Comment Period Ending Soon: Will you need a SAS 70?,"
Locke Lord
(July 16, 2009)
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Speaker and Moderator,
"Regulatory Outlook Panel,"
American College of Investment Counsel Annual Spring Investment Forum
(2009)
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Author,
"Client Alert: The Business Judgment Rule and Mutual Insurance Companies—Hill v. State Farm Mutual Automobile Insurance Company,"
Locke Lord
(October 22, 2008)
-
Author,
"Fundamentals Client Alert: Form 13F Filers Required to Report Short Sales Weekly,"
Locke Lord
(September 19, 2008)
-
Author,
"Client Alert: Treasury Blueprint for Regulatory Reform – Securities and Commodities Regulation,"
Locke Lord
(April 14, 2008)
-
"Inside the Minds: Analyzing Rule 144 Revisions,"
Aspatore Books
(2008)
Professional History
- Partner, Locke Lord LLP
- Co-Chair, Corporate and Transactional Department
- Former Member, Locke Lord Executive Committee
Professional Affiliations & Achievements
- American Bar Association (1996 - Present)
- American College of Investment Counsel
Community Leadership
- Lutheran Church of the Atonement
- President (2011 - 2013)
- Council and Finance Committee (2009 - 2013)
- Secretary (2009 - 2011)
- Board of Education (2001 - 2005)
- Lutheran Community Services for the Aged, Inc., Board of Directors (2003 - 2005)
- Lutheran Home and Services for the Aged, Inc.
- Board of Directors and Audit Committee (2005 - 2008)
- Assistant Treasurer (2006 - 2008)
- Lutheran Life Communities
- Vice Chairman (2010 - Present)
- Secretary (2005 - 2010)
- Board of Directors (2005 - Present)
- Audit Committee, Chairman (2008 - Present)
- Audit Committee, Member (2005 - Present)
- Compensation Committee, Member (2008 - Present)
- St. Luke Academy, Board of Education (1997 - 2001)
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