Barbara D. Klippert principally advises underwriters, sponsors, investment managers and investors relating to financial transactions with respect to Employee Retirement Income Security Act (ERISA) issues. She works extensively on the ERISA fiduciary aspects of asset-backed and mortgage-backed securities, CLOs, hedge funds, distressed debt funds, registered investment companies, real estate and venture capital funds and derivative transactions funded all or in part by ERISA and governmental benefit plan assets.