Investment Company Institute

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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]

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]

Contact details

Media contact: Edward Giltenan
Phone: (202) 326-5891
Email: egiltenan AT ici.org
Web: http://www.ici.org

References

  1. About page, Investment Company Institute, accessed December 2007.
  2. ICI Member Companies, Investment Company Institute, accessed December 2007.
  3. Open-End Funds, Investment Company Institute, accessed December 2007.
  4. Closed-End Funds, Investment Company Institute, accessed December 2007.
  5. Unit Investment Trusts, Investment Company Institute, accessed December 2007.
  6. 2006 PAC Summary Data, Open Secrets, accessed December 2007.
  7. 2008 PAC Summary Data, Open Secrets, accessed December 2007.
  8. Investment Co Institute lobbying expenses, Open Secrets, accessed December 2007.
  9. Governors and Officers, Investment Company Institute, accessed December 2007.