Investment Management Attorneys Recognized as Independent Counsel of the Year Finalists

Practices: Investment Management

Investment management partners Greg Sheehan and Brian McCabe were recognized as “Independent Counsel of the Year” finalists for Fund Director Intelligence’s 2014 Mutual Fund Industry Awards. This award honors attorneys for outstanding representation of independent directors over the past year.

Mr. Sheehan and Mr. McCabe were recognized for advising the independent trustees of the Pax World Funds in connection with the merger of the Pax MSCI EAFE ESG Index ETF with the Pax World International Fund, which will create the Pax World International ESG Index Fund. This novel transaction, expected to close in the first quarter of 2014, is the first conversion of an ETF into a mutual fund in the industry.

In addition to this award, Ropes & Gray client David Benkert was recognized as “Small Board Trustee of the Year.” Mr. Benkert, the independent chairman of the HighMark Funds, was recognized for his role in guiding the board through two transactions this year, including the sale of HighMark’s five money market funds to Reich & Tang, and the sale of its 17 equity and fixed income funds to Nationwide Financial. 
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