Brunel’s Stewardship Policy

We recommend Brunel’s excellent stewardship policy as a model for institutional investors everywhere. Stewardship is defined as the job of taking care of something, such as a company or property. As investors, we use the term assets. Brunel is committed to responsible stewardship and seeks to contribute to the ‘care’ of all the assets under…

Walden Asset Management and CalSTRs Ask NAM Members Why They Support Main Street Investors Coalition

Walden Asset Management released this statement today: Investors led by Walden Asset Management and the California State Teachers’ Retirement System (CalSTRS) called on 45 companies sitting on the Executive Committee and Board of the National Association of Manufacturers (NAM) to end the trade association’s attacks on shareholders. The investors’ letter asks the companies to distance…

Passive Investors = Active Owners

Good to have substantiation and support for something we’ve been saying since the early 1980’s. Our key insight is that although index funds are locked into their investments, the shareholders who invest in these funds are not. Like all mutual fund shareholders, investors in index funds can exit at any time by selling their shares…

Comptroller Stringer, NYC Funds: Unprecedented Disclosure of Corporate Boardroom Diversity Following Groundbreaking Campaign : Office of the New York City Comptroller Scott M. Stringer

New York City Comptroller Scott M. Stringer and the New York City Pension Funds today announced that after less than a year, the groundbreaking “Boardroom Accountability Project 2.0” (BAP 2.0) campaign, an initiative which pushes for greater corporate board diversity and transparency reforms, has accomplished unprecedented engagement with more than half of the 151 major…

Pension Fund Charges Netflix With Rigging Executive Bonuses

A federal lawsuit filed in the US District Court in San Francisco accuses Netflix of giving undeserved “sham” bonuses to top executives so that the company could take advantage of a prior tax loophole. The pension fund lawsuit was filed by the City of Birmingham Relief and Retirement System, one of the company’s shareholders. The…

How Long-Term Investors Influence Corporate Behavior

Annotated opening paragraphs of an article on the impact of long-term investors in the MITSloan journal: In his recent letter to CEOs, Larry Fink, CEO and chairman of the mutual fund giant BlackRock Inc., based in New York City, repeated his call for organizations to share their strategies for creating sustainable value. He also added…