WASHINGTON, D.C., June 23, 2011: Andrew "Buddy" Donohue, partner in Morgan Lewis's Investment Management practice and former director of the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC), will testify tomorrow before the Capital Markets and Government Sponsored Enterprises subcommittee of the House Financial Services Committee regarding oversight of the mutual fund industry.
Mr. Donohue will address investment company regulation, the performance of funds during the financial crisis, the potential designation of mutual funds as systemically important financial institutions, the challenges facing funds and their investors, and the role of the SEC in the industry. Additionally, he will offer his perspective on how best to enhance the competitiveness of funds in the U.S. and globally.
Mr. Donohue will be available for comment after the hearing. A copy of his prepared testimony is available here: http://financialservices.house.gov/UploadedFiles/062411donohue.pdf.
Mr. Donohue's bio is available here: www.morganlewis.com/bios/adonohue.