WEST SACRAMENTO, Calif. (November 15, 2018) – The California State Teachers’ Retirement System today announced that Chief Investment Officer Christopher J. Ailman received the number-one ranking in aiCIO magazine’s 2018 Chief Investment Officer Power 100. The list ranks and profiles the 100 most influential and powerful asset owners in the world.
Nov. 14, 2018 – A coalition of long-term, global institutional and private investors with combined assets of more than $4.83 trillion has come together to create and promote Principles for a Responsible Civilian Firearms Industry. The five principles provide a framework for institutional investors seeking to improve engagement with public and private companies globally that manufacture, distribute, sell or regulate products within the civilian firearms industry in order to address gun safety issues and reduce investment risk.
The proxy voting system needs to be updated and reformed in order to enhance shareholder confidence and reliability, as well as give equity investors more options in contested ballots, industry stakeholders said. “There’s a consensus by all involved that the proxy voting system has to change,” said David A. Katz, partner at the law firm Wach-tell, Lipton, Rosen & Katz in New York. “It’s antiquated, it’s out of date, it doesn’t help anybody.”
Persuading asset owners to collaborate and work together is challenging, given the inherent competition for investments and returns. Yet a group of Australian investors speaking at the Fiduciary Investors Symposium at Stanford University proved that collaboration can create economies of scale and help reap rewards such as cheaper fees and improved access to opportunities.
Kirsty Jenkinson will be joining the $229.2 billion California State Teachers’ Retirement System as director of corporate governance, replacing Anne Sheehan, who retired in March, system spokesman Michael Sicilia said.
The Council of Institutional Investors is petitioning the New York Stock Exchange and the NASDAQ to limit the listings of companies with dual-class structures, it announced during its Wednesday conference in New York.
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