Investment Company Institute
The Investment Company Institute (ICI) is a trade association that represents U.S. investment companies by lobbying, channeling political contributions, and engaging in public relations on behalf of its members.[1] Members include such mutual fund companies as Fidelity Investments, Franklin Templeton, and Charles Schwab. [2]
Contents
Member companies
This is a sampling of the hundreds of member companies:
ICI member open-end funds: [3]
ICI member closed-end funds: [4]
- AIG Strategic Hedge Fund of Funds
- Citigroup Alternative Investments Trust
- Goldman Sachs Hedge Fund Partners Registered Fund LLC
- ING Closed-End Funds
- Lehman Brothers/First Trust Income Opportunity Fund
- Neuberger Berman Closed End Funds
ICI member unit investment trusts: [5]
- Smith Barney, Inc.
- UBS Financial Services, Inc.
- Van Kampen Investments, Inc.
Political contributions
In the 2005/2006 election cycle, the Investment Company Institute gave $670,102 to federal candidates through its Investment Company Institute Political Action Committee (ICI PAC) - 42% to Democrats and 58% to Republicans. [6]
In the 2007/2008 election cycle, as of December 2007, the institute gave $298,995 to federal candidates - 63% to Democrats and 37% to Republicans. [7]
Lobbying
The Investment Company Institute spent $2,346,930 for lobbying in the first half of 2007. $775,000 went to 15 lobbying firms including Livingston Group, Podesta Group, DLA Piper, PricewaterhouseCoopers, King & Spalding, and Covington & Burling. [8]
Personnel
Leadership: [9]
- John V. Murphy, Chairman of the Institute, also Chairman and CEO of OppenheimerFunds, Inc
- Martin L. Flanagan, Vice Chairman of the Investment Company Institute, also President and CEO of INVESCO PLC
- Paul Schott Stevens, Chief Executive Officer, former Special Assistant for National Security Affairs to ex-President Ronald Reagan
- Peter H. Gallary, Chief Operating Officer
- F. Gregory Ahern, Chief Public Communications Officer
- Daniel F. C. Crowley, Chief Government Affairs Officer, former General Counsel to Speaker of the House Newt Gingrich
- Karrie McMillan, General Counsel
- Brian Reid, Chief Economist
Contact details
Media contact:
Edward Giltenan
Phone: (202) 326-5891
Email: egiltenan AT ici.org
Web: http://www.ici.org
References
- ↑ About page, Investment Company Institute, accessed December 2007.
- ↑ ICI Member Companies, Investment Company Institute, accessed December 2007.
- ↑ Open-End Funds, Investment Company Institute, accessed December 2007.
- ↑ Closed-End Funds, Investment Company Institute, accessed December 2007.
- ↑ Unit Investment Trusts, Investment Company Institute, accessed December 2007.
- ↑ 2006 PAC Summary Data, Open Secrets, accessed December 2007.
- ↑ 2008 PAC Summary Data, Open Secrets, accessed December 2007.
- ↑ Investment Co Institute lobbying expenses, Open Secrets, accessed December 2007.
- ↑ Governors and Officers, Investment Company Institute, accessed December 2007.
