Whataboutaninvestmentfundwithanactivistobjective

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: is the first truly ‘sotic’ country.” (What about Financial Industry in 2008­) 1976 The Unseen Revolution: How Pension Fund Som Came to America Who is interested in control? Why? Management, institutions, Governments, etc? Copyright 2013 Copyright 2013 Issues & Thoughts The index fund as a permanent investor ­ But if you try to use it to exercise control ­ Is it still a “passive investor?” The Alabama State Pension Fund as a NYC real estate developer ‘Olympia & York’ ­ Alabama Pensioners Social purpose investments by pension funds ­ create jobs, housing, mortgages ­ support industry ­ investing in the employer Correcting Abuse ­ ERISA ­ Fiduciary responsibility to whom? When institutional investors & fiduciaries vote ­ how do they make decisions? What input do they have? Monks: Who wants him...
View Full Document

Ask a homework question - tutors are online