2012 Mutual Funds and Investment Management Conference

The Mutual Funds and Investment Management Conference, the fund industry’s premier legal conference, was held March 18–21 in Phoenix, Arizona. The conference, sponsored by ICI and the Federal Bar Association, offered panel discussions and keynote speakers who addressed a wide range of regulatory and legislative issues affecting the fund industry.

Monday, March 19

Welcoming Remarks

Frank J. Nasta
Managing Director, Head of J.P. Morgan Funds Management Legal
J.P. Morgan Investment Management, Inc.
Jack D. Lockridge
Executive Director
Federal Bar Association

General Counsel's Address

Karrie McMillan
General Counsel
Investment Company Institute

Keynote Address

Elisse B. Walter
Commissioner
U.S. Securities and Exchange Commission

Looking Forward: Where Will the Asset Management Business Be in 10 Years?

Brian Reid, Moderator, Chief Economist, Investment Company Institute
John E. Baumgardner Jr., Partner, Sullivan & Cromwell LLP
Marie A. Chandoha, President and CEO, Charles Schwab Investment Management, Inc.
Avi Nachmany, Executive Vice President and Director of Research, Strategic Insight
J. Alan Reid Jr., CEO, Forward

Session Materials

Regulatory Developments at the SEC and CTFC

Karrie McMillan, Moderator, General Counsel, Investment Company Institute
Andrew J. Donohue, Partner, Morgan, Lewis & Bockius LLP
Michael J. Downer, Senior Vice President, Capital Research and Management Company
Kathryn L. Quirk, Chief Legal Officer, Prudential Investments
Eileen Rominger, Director, Division of Investment Management, U.S. Securities and Exchange Commission

Regulatory Developments at the SEC and CFTC: Key Discussion Topics

State of the Money Market Fund Industry

Jane G. Heinrichs, Moderator, Senior Associate Counsel, Investment Company Institute
Paul S. Atkins, CEO, Patomak Global Partners, LLC
Stephen A. Keen, Counsel, Reed Smith LLP
Simon Mendelson, Global Co-Head, Cash and Securities Lending, BlackRock Financial Management L.P.
Robert E. Plaze, Deputy Director, Division of Investment Management, U.S. Securities and Exchange Commission
Lloyd A. Wennlund, Executive Vice President and Managing Director, Northern Trust Global Investments

Session Materials

Supplemental Materials
Submission to IOSCO, Feb. 7, 2012
Money Market Funds: The Debate Continues
History of Rule 2a 7—The Evolution of Money Market Fund Regulation

Current Tax Developments

Keith Lawson, Moderator, Senior Counsel, Investment Company Institute
Shawn K. Baker, Traditional Funds Tax Leader, PricewaterhouseCoopers LLP
Ronald A. Dabrowski, Deputy Associate Chief Counsel (International), Internal Revenue Service
Julie C. Henderson, Vice President and Controller, Dimensional Fund Advisors LP
Monette R. Nickels, Senior Vice President, Director of Tax, ALPS Fund Services, Inc.

Session Materials

Supplemental Materials
ICI Global Memo on FATCA
Joint Statement from the U.S, France, Germany, Italy, Spain and the U.K on FATCA
ICI/ICI Global Letter to Korea
ICI/ICI Global Letter to BSE (India)
ICI Memo on RIC Entitlement to Treaty Benefits
FIDAL Note on ECJ's Hearing
EU Reclaims - PricewaterhouseCoopers Memo and FIDAL Memo
ICI Response to Commodity Funds Hearing

401(k) Regulation at the Crossroads

Elena Barone Chism, Moderator, Associate Counsel, Investment Company Institute
Jon W. Breyfogle, Principal, Groom Law Group
Robert A. Holcomb, Executive Director,J.P. Morgan Retirement Plan Services LLC
Douglas O. Kant, Senior Vice President and Deputy General Counsel, Fidelity Investments

Session Materials

Supplemental Materials
Special Update: Treasury's Lifetime Income Guidance Package
Summary of Recent DOL Regulations

European Fund Regulatory Developments: What’s on the Horizon?

Dan Waters, Moderator, Managing Director, ICI Global
Jon E. Boustany, Deputy General Counsel, Legg Mason, Inc.
Claude Kremer, President, EFAMA
Kevin Ouellette, Senior Counsel, Wells Fargo & Company
Nick Williams, Partner, Allen & Overy LLP

Session Materials

Supplemental Materials
2012: A Challenging Year for European Asset Managers

Alternative Investment Strategies in the Registered Funds Space

Robert C. Grohowski, Moderator, Senior Counsel, Investment Company Institute
Ruth S. Epstein, Partner, Stradley Ronon Stevens & Young, LLP
Brendan R. Kalb, General Counsel, AQR Capital Management, LLC
Michael W. Schnitman, Director of Product Strategy and Development, Putnam Investment Management
Cindy Erickson Zarker, Director, Cerulli Associates

Session Materials

Supplemental Materials
Transitioning Alternative Investment Strategies into the Registered Fund Space

In the Crosshairs: Focusing on the Fixed Income Markets

Heather L. Traeger, Moderator, Partner, O’Melveny & Myers
Cadmus Hicks, Managing Director, Nuveen Asset Management
Kristine M. Nishiyama, Senior Vice President and Senior Counsel, Capital Research and Management Company
Malcolm Northam, Director of Fixed Income Regulation, FINRA

Supplemental Materials
Regulatory Update: Issues Relevant to Fixed-Income Market

Tuesday, March 20

Dodd-Frank Implementation - Are We There Yet?

Frances M. Stadler, Moderator, Senior Counsel, Investment Company Institute
Amy Friend, Managing Director, Promontory Financial Group, LLC
David A. Luigs, Counsel, Debevoise & Plimpton LLP
Laura J. Merianos, Principal, The Vanguard Group, Inc.
David Oestreicher, Vice President and Chief Legal Counsel, T. Rowe Price Associates, Inc.

Session Materials

Supplemental Materials
The Volcker Rule and Systemic Regulation: Implications for Registered Funds and Advisers

Changing Distribution Dynamics: Operational Challenges Lawyers Should Understand

Martin A. Burns, Moderator, Director, Institutional Operations and Service, Investment Company Institute
Peter G. Callahan, Senior Vice President, AllianceBernstein Investor Services, Inc.
Jesse H. Cole, Managing Director, Goldman Sachs & Co.
Kathleen T. Ives, Senior Vice President and Director of Internal Audit, OppenheimerFunds, Inc.

Session Materials

The Evolving OTC Derivatives Market: Current Issues for Funds

Sarah A. Bessin, Moderator, Senior Counsel, Investment Company Institute
Nevis Bregasi, Vice President and Senior Counsel, MFS Investment Management
Susan C. Ervin, Partner, Davis Polk & Wardwell LLP
Victor M. Frye, Chief Compliance Officer, ProShare Advisors, LLC

Session Materials

Supplemental Materials
Derivatives Reform: A Work in Progress

Social Media Opportunities and Challenges

Alexander C. Gavis, Moderator, Vice President and Associate General Counsel, Fidelity Investments
Rajib Chanda, Partner, Ropes & Gray LLP
Mark Diamond, CEO and President, Contoural, Inc.
Susan B. McGee, President, U.S. Global Investors, Inc.
Thomas A. Pappas, Vice President, FINRA

Session Materials

Supplemental Materials
The Social Media Regulatory Landscape: FINRA and SEC Guidance

Waiting for Answers: Unresolved Issues in Mutual Fund Civil Litigation

Daniel T. Steiner, Moderator, General Counsel, ICI Mutual Insurance Company, RRG
Janet D. Olsen, General Counsel, Artisan Partners Limited Partnership
John W. Rotunno, Practice Area Leader, K&L Gates LLP
Robert A. Skinner, Partner, Ropes & Gray LLP

Supplemental Materials
Recent Developments in Mutual Fund Civil Litigation Under the 1933 and 1934 Acts
Waiting for Answers: Unresolved Questions in Mutual Fund Civil Litigation Under Section 36(b) of the Investment Company Act of 1940 and State Law

Beyond Investments: Additional Risks Keeping Financial Services Professionals Up at Night

Tamara K. Salmon, Moderator, Senior Associate Counsel, Investment Company Institute
Daniel S. Bender, Managing Director, Risk Consulting, KPMG LLP
William D. Mennonna, Director of Risk Management, Pioneer Investments
Holly H. Miller, Managing Director, Middle Office Outsourcing, SEI
William L. Roland, Vice President, Investment Risk, ICMA Retirement Corporation

Session Materials

Supplemental Materials
Top Ten Areas of Operational Risk
Tools for Identifying and Mitigating Operational Risk

Wednesday, March 21

The New Enforcement Philosophy at the SEC: Are Routine Compliance Inspections a Thing of the Past?

Thomas M. Mistele, Moderator, Director, Chief Operating Officer, and Senior Counsel, Dodge & Cox
Andrew Bowden, Associate Director, Investment Advisers and Investment Companies, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission
Ari Gabinet, General Counsel, Asset Management, OppenheimerFunds, Inc.
Robert B. Kaplan, Co-chief, Asset Management Unit, Division of Enforcement, U.S. Securities and Exchange Commission
John H. Walsh, Partner, Sutherland Asbill & Brennan LLP

Keeping the Fox Out of the Hen House: Using Principles of Behavioral Finance to Instill and Enforce an Ethical Culture Within an Organization

Dr. Hersh Shefrin
Mario L. Belotti Professor of Finance
Santa Clara University

Session Materials

Additional Materials
Speaker Biographies