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. Members include such mutual fund companies as Fidelity Investments, Franklin Templeton, and Charles Schwab.

Member companies
This is a sampling of the hundreds of member companies:

ICI member open-end funds:
 * Goldman Sachs
 * JPMorgan Chase
 * Morgan Stanley
 * State Farm

ICI member closed-end funds:
 * 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:
 * 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.

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.

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.

Personnel
Leadership:
 * 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