What they’re saying recently
June 6, 2018 | Christopher NetramNew Research Finds Politically-Motivated Activism Doesn’t Actually Increase Shareholder Value
When manufacturers can invest for growth, America prospers. Often that prosperity takes the form of higher wages and more jobs. Just as important is the financial security of hardworking families who depend on the value of stocks held in their retirement accounts. As this paper shows, politically-motived activism does little to enhance shareholder value.
June 6, 2018 | Christopher BurnhamWhy We Need To Keep Politics Out Of Public Pensions
Beneficiaries are entitled to the peace of mind that decisions about their retirement money are being made based on fiduciary responsibility, not on politics.
May 26, 2018 | George David BanksMain Street investors have been marginalized for too long
Where the market used to be dominated by individual retail investors, it’s now overwhelmingly driven by large institutional players, and in particular, passive funds. The growth of these kinds of vehicles has opened up new opportunities for consumers, but an unintended consequence has also seen the vast majority of people forfeit their say on the management of the companies they own stock in.
May 23, 2018Injecting Common Sense Into Financial Markets
An elementary moral hazard problem plagues investment funds--namely that those of us who put our money in one of them simply do not have the ability to fully monitor what the investors do on our behalf, and they do occasionally possess priorities beyond maximizing our return. The debate over the fiduciary rule--which is still ongoing, of course--rested upon that perception.
May 14, 2018Time for politicians to keep their promises and invest in pensions
At the end of their career, public employees will have the security and reliability of a defined benefit pension waiting for them. They have earned this part of their compensation over the years and contributed to it themselves out of each and every paycheck. Pensions are an explicit part of the deal when they become public servants. The problem, as most Americans now know, is that politicians do not always hold up their end of the bargain.
May 4, 2018 | Christopher NetramNew Report Analyzes the Impact of Proxy Advisory Firms on Public Companies
Shopfloor Policy 0 An important new report highlights the influence of proxy advisory firms, largely unregulated entities that shape decision-making at public companies. The Conflicted Role of Proxy Advisors, released by the American Council for Capital Formation, explores proxy firms’ conflicts of interest and lack of transparency.
April 27, 2018 | Timothy DoyleAs Investment Funds Politicize, Department of Labor Stops What’s Anti-Investor
The Trump Administration took a major step this week to get politics out of investments, and investments out of politics. Among the government agencies with a hand in financial regulation, the Department of Labor may seem an unlikely candidate to come to the rescue of everyday investors, but this week it took action to ensure investors are protected from the political agenda of activist fund managers.
April 18, 2018 | Nan BaurothBig Index Funds Spend Your Money To Appear ‘Socially Conscious’
Collectively, the two behemoths of the passive investment industry, Vanguard and BlackRock, control more than $10 trillion of other people’s money. Why? Because from multi-billion-dollar pension funds all the way down to individual retail investors with 401(k)s like me, they’re trusted to do right by their clients; to maximize the value of their investments. It appears we have may misplaced that trust.
April 17, 2018 | Nan BaurothBig Index Funds Spend Your Money To Appear ‘Socially Conscious’
Collectively, the two behemoths of the passive investment industry, Vanguard and BlackRock, control more than $10 trillion of other people’s money. Why? Because from multi-billion-dollar pension funds all the way down to individual retail investors with 401(k)s like me, they’re trusted to do right by their clients; to maximize the value of their investments.