David A. Sturms

Shareholder

T: 312-609-7589 F: 312-609-5005

Chicago

Chair, Investment Services Group

David A. Sturms is a shareholder at Vedder Price and chair of the firm’s Investment Services Group. Prior to joining Vedder Price in 1994, Mr. Sturms was a principal of an investment management firm, Stein Roe & Farnham. Mr. Sturms has practiced corporate and securities law since 1985, concentrating in investment company matters for much of that period. He 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. Mr. Sturms was a participant on the SEC Roundtable on the Role of Independent Investment Company Directors and consulted with the ICI Advisory Group on Best Practices for Fund Directors. 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 has received an "AV" Peer Rating from Martindale-Hubbell (which is the highest rating available) and was selected in Illinois Super Lawyers by Law & Politics (which names the top five percent of lawyers in each state as chosen by their peers and through the independent research of Law & Politics).

Mr. Sturms 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. Mr. Sturms currently is a member of the Chicago Bar Association’s Investment Company Subcommittee and the American Bar Association’s Subcommittee on Investment Companies and Investment Advisers. Mr. Sturms also served on the Illinois Securities Advisory Committee.

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• David A. Sturms Nominated as Independent Counsel of the Year
• Vedder Price Announces Enhanced Fund Formation Group
• Fund Director's Guidebook, Third Edition (2006)
• The Basics of Indemnification and Insurance for Investment Company Directors

• Broker/Dealers
• Directors and Officers
• Fund Formation
• Insurance Coverage Services for Insurance Companies
• Investment Advisers
• Investment Services
• Mutual Funds

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
• closed-end funds
• exchange-traded funds
• valuation
• audit committees
• money market funds
• compliance
• derivative instruments

• J.D., Loyola University of Chicago, 1985
• B.S., Ohio State University, 1982

• Illinois, 1985

• Member, Investment Company Subcommittee, Chicago Bar Association
• Member, Subcommittee on Investment Companies & Investment Advisers, American Bar Association