Credit Funds: Considerations for Credit Fund Managers Overseeing ERISA Plan Assets in Light of the COVID-19 Pandemic

Under normal circumstances, credit fund managers that invest retirement plan money face multiple fiduciary and conflict of interest issues under ERISA that require special attention. These issues have been amplified by the current global health emergency and related economic crisis. In this Ropes & Gray podcast, asset management partner Jessica O’ Mary and ERISA & benefits partner Josh Lichtenstein address how credit fund managers that invest on behalf of ERISA accounts can navigate some of these legal challenges as they arise in the current climate.