What they’re currently saying…
March 8, 2018Passive Investors, Don’t Vote
The SEC should recognize that index funds have no interest in the performance of particular companies.
March 2, 2018Illinois 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, 2018Stringer’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, 2018Pensioners 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, 2018New 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, 2018Billionaire 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, 2018Financial 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.
January 12, 2018New ACCF report finds NYC public pension fund system in bad shape and getting worse
As city leaders use retirees’ pensions to advance political causes, taxpayers may be on the hook for $56 billion shortfall
January 8, 2018Fund managers shouldn’t try to save the world at pensioners’ expense
Fund managers are tasked with managing retirement accounts on behalf of working families, but as the Spectrem Group survey shows, they often seem to be serving their own sanctimoniousness more than anything else.