What they’re currently saying…
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, 2018New 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, 2018As 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, 2018Big 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, 2018Big 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.
April 5, 2018De Blasio’s ‘carbon divestment’ means huge bills for taxpayers
As for divestment, de Blasio argues that there “is no contradiction between making wise investments for our people and pensioners and protecting the planet they live on.” So higher returns can be achieved systematically in the face of an artificial constraint on investment choices?
April 4, 2018Fewer companies are going public, and that’s a problem for the little guy
Initial public offerings used to be an important milestone that generations of entrepreneurs and business owners strived hard to achieve. Taking your company public was the ultimate reward for decades of hard work and an embodiment of the American dream. Unfortunately, times have changed and the IPO has lost its luster — as evidenced by the plummeting number of companies choosing to go public over the last 20 years.
March 30, 2018BlackRock mustn’t mimic underperforming NYC pension funds
Financial firms and fund managers must focus on returns, not political and social causes
March 12, 2018When Investment Is Informed by Partisan Politics, It’s Not Investment
Prioritizing investments in socially responsible, environmentally friendly companies may be the latest fad, but it bears repeating that it comes at the cost of lower returns to investors, which will hasten the insolvency of state pension funds as well as reduce the benefits of private sector workers.