Press Release
01/29/07 -
David A. Sturms Nominated as Independent Counsel of the Year
David A. Sturms, chairman of Vedder Price’s Investment Services Group, has been nominated as Independent Counsel of the Year. He is one of four final nominees who will be honored at the 14th Annual Mutual Fund Industry Awards on March 8th 2007. These awards are bestowed annually to leaders from across the mutual fund industry who have excelled over the previous year.
Over the past 13 years, the Mutual Fund Industry Awards Dinner and Ceremony has become the premier event for the mutual fund industry, growing in attendance and prominence each year. The awards are given by the editors of Institutional Investor’s Fund Action and Fund Directors newsletters – leading publications in the U.S. mutual fund industry – to the fund leaders, marketers, trustees and independent counsel who have made significant impacts on the fund industry over the previous year.
Mr. Sturms was nominated for his efforts on behalf of the board of the PowerShares Funds in approving a new advisory contract following the acquisition of the funds by AMVESCAP. Mr. Sturms said he was honored to be nominated, acknowledging that “this would not have been possible without the support of my colleagues at Vedder Price, including in particular, Karin Jagel Flynn.”
Mr. Sturms has extensive experience in advising investment companies and investment advisers on all aspects of the Investment Company Act of 1940 and the Investment Advisers Act of 1940, and in counseling independent directors of investment companies on their duties and responsibilities under the law. His publications include "Enhancing the Effectiveness of Independent Directors: Is the System Broken, Creaking or Working?," Villanova Journal of Law and Investment Management (Fall 1999). Mr. Sturms also served on the American Bar Association Task Force that drafted the Fund Director's Guidebook (2003 and 2006).
Mr. Sturms is a frequent speaker and author on investment management issues, including mergers and acquisitions of investment companies and investment advisers; federal and state registration of investment companies and investment advisers; investment company independent directors; D&O/E&O insurance; valuation; audit committees; money market funds; mutual fund advertising; on-line investment advice, distribution and compliance; and derivative instruments.
He also served on the Investment Company Institute’s SEC Rules and State Liaison Committees, as well as the money market funds, advertising, compliance, creditors’ rights and various other ad hoc committees. In addition, Mr. Sturms served on the Illinois Securities Advisory Committee.
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