J. Luther King Jr. received the Daniel J. Forrestal III Leadership Award for Professional Ethics and Standards of Investment Practice from the CFA Institute. Mr. King is the founder, chairman and CEO of Luther King Capital Management, which manages about $8 billion in assets. The award is presented periodically to a member of CFA Institute who has championed the pursuit of excellence in professional ethics and standards of practice and who has provided outstanding leadership in elevating the integrity and competence of the investment profession, according to a news release.
Other CFA Institute award winners were:
• Robert B. Litterman, the Nicholas Molodovsky Award for his significant contributions that have changed the direction of the profession and raised it to higher standards of accomplishment. Mr. Litterman is chairman of the quantitative investment strategies and global investment strategies groups at Goldman Sachs Asset Management.
• James G. Jones, founder and president of Sterling Investment Advisors, won the C. Stewart Sheppard Award for his dedicated effort and inspiring leadership in fostering the education of professional investors through the CFA Program and continuing education initiatives, according to the release.
• Monique E.M. Gravel, received the Alfred C. Morley Distinguished Service Award for her leadership, exceptional stewardship, and outstanding service. She is portfolio manager, branch manager and first vice president of CIBC Wood Gundy.
The awards were presented at the CFA Institutes Leadership and Awards Celebration before its 61st annual conference in Vancouver, B.C.