What They’re Saying

What they’re saying recently

March 30, 2018

BlackRock mustn’t mimic underperforming NYC pension funds

Financial firms and fund managers must focus on returns, not political and social causes

March 12, 2018

When 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.

March 8, 2018

Passive Investors, Don’t Vote

The SEC should recognize that index funds have no interest in the performance of particular companies.

March 2, 2018

Illinois Is Going Broke, But The ESG Movement Is Here To ‘Help’

Don't look now, but the so-called ESG movement is now coming to Chicago. As if the Windy City and State of Illinois didn't already have enough problems to deal with, the Wall Street Journal reports that Chicago's Treasurer, Kurt Simmons, who manages the city's various pension funds, is now "seeking permission from the city council to use environmental, social and governance (ESG) factors to inform investment decisions."

February 9, 2018

Stringer’s bad math

City Controller Scott Stringer accuses our organization and others of using “alternative facts” in exposing his political mismanagement of public pension funds (“Don’t believe the campaign against pension divestment,” Op-Ed, Feb. 6). It is Stringer, however, who has failed to provide the facts.

February 8, 2018

Pensioners not always well-served by politicians

One of the great problems with government pensions is that the people who oversee them are often far less concerned with the systems' financial stability than the workers who will depend on the pensions in retirement.

January 19, 2018

New York City is putting politics ahead of pensions for workers

New York City Mayor Bill de Blasio has announced that public pension funds for the city’s workers will soon divest $5 billion worth of equity in fossil fuel companies, citing concerns over global warming. While this may be a popular move with the Upper East Side cocktail party crowd, it’s hard to see how it will help the workers who rely on those pensions for their basic needs.

January 16, 2018

Billionaire Sam Zell: BlackRock’s Larry Fink is ‘extraordinarily hypocritical’ to push social responsibility

BlackRock's Larry Fink and other CEOs are "extraordinarily hypocritical" to push companies for more social responsibility, billionaire investor Sam Zell told CNBC on Tuesday.

January 12, 2018

Financial performance, not politics, matters most to America’s pension holders

As people around the country resolve to be more careful and responsible with their day-to-day finances this year, CalPERS and NYCERS managers should remind themselves of their own fiduciary responsibilities.