With trillions of dollars in capital sailing the globe in search of investments, the shareholders' crusade for more open, well-run companies is gaining strength across many major and emerging markets. In what some call a worldwide corporate-governance movement, shareholders are pushing for stronger corporate-governance laws, teaming...
The footprint of concerned institutional investors trying to do the right thing just gets larger. CalPERS, the California state pension fund wielding assets of $240 billion, has expanded its guidelines for companies in its portfolio to include minimizing climate risks and advocating more diversity among employees and...
In a slamdown about shareholders' rights to be decided today, the largest U.S. public pension fund is fighting to give investors the power to nominate directors at UnitedHealth Group, the biggest company entangled in the stock-option backdating scandal. The California Public Employees' Retirement System Calpers is...
WASHINGTON AFP — The California Public Employees Retirement System CalPERS, the biggest US public pension fund, said Tuesday it had joined other ExxonMobil shareholders who want the oil giant to change its climate policies. CalPERS announced its support for other disgruntled investors who will seek to reform ExxonMobil's position...
Not many capitalists have union leaders asking them to buy the companies that employ their members. But that's the kind of relationship that Los Angeles investor Ron Burkle's Yucaipa Cos. has enjoyed with some of the nation's biggest unions. He hopes those relationships - and his firm's deep...
LONDON, December 8 /PRNewswire/ -- CenterPoint Properties Trust (NYSE: CNT) ("CenterPoint"), the California Public Employees' Retirement System ("CalPERS") and LaSalle Investment Management ("LaSalle") today announced that CalEast Industrial Investors LLC ("CalEast") and CenterPoint reached a definitive agreement whereby CalEast will acquire...
THE largest US pension fund is actively seeking major new investments in Europe and has dismissed problems over the EU constitution as a "blip". Charles Valdes, the chairman of the Californian Public Employees Retirement System Calpers investment committee, said that the fund may spend about dollars-1billion more on...
By Gilbert Chan, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News Sep. 24--SAN FRANCISCO -- Putnam Investments regained the backing of California's two powerful public pension funds Thursday by giving small investors greater access to information on management pay and mutual...
TOKYO -- Japanese managers get a little nervous when Brian Heywood starts preaching the gospel of good corporate governance. And they get positively terrified when he tells them that his Taiyo fund wants to buy some of their stock. "They're all dubious about foreign investors," the former missionary says....
Shaken by shareholders' long-running revolt against overpaid CEOs, weak boards and poorly run businesses, the nation's corporations are starting to strike back. Business officials are challenging the new post-Enron rules, calling them harsh and costly. They're blasting the two strongest forces in the governance movement: California Public Employees' Retirement...
All business owners want to influence for the better the companies that they own. But there is still little consensus over how much influence shareholders should have over the management board, to which day-to-day management decision-making is supposed to be delegated. The need to be vigilant is obvious...
By Ilene Aleshire, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News May 9--Pension funds, shareholder activists and labor groups have corporate boards in their cross hairs this year, stepping up campaigns to challenge the election of directors at some of the country's ...
A new breed of funds is betting on its ability to improve corporate governance THE word "activist" conjures up images of environmentalists hugging endangered trees. These days it is also applied to men in suits concerned about saving their clients' wealth. This year...
Byline: William Hutchings A pair of Dutch pension schemes have created the world's largest investor in private equity by allocating an additional [euro]6bn ($7.7bn) to AlpInvest Partners. It takes the total amount managed by AlpInvest to [euro]20bn.The new commitment comes from PGGM and ABP,...
M2 PRESSWIRE-29 December 2003-Free and Clear Press Corps: Gabor Sandor Acs, international financier and philanthropist calls for the resignation of top Italian public officialsC1994-2003 M2 COMMUNICATIONS LTD RDATE:12252003 London, England -- Gabor Sandor Acs, Hungarian born financier and philanthropist, is...
M2 PRESSWIRE-29 December 2003-Free and Clear Press Corps: Gabor Sandor Acs Hungarian philanthropist heads up paralegal and pro bono network for International Bank Activities Reform CommissionC1994-2003 M2 COMMUNICATIONS LTD RDATE:12242003 Budapest-Hungary -- Hungarian born financier and philanthropist, Founder of the...
The USA's largest public pension fund Tuesday sued the New York Stock Exchange and seven floor-trading firms for alleged illegal trading in the highest-profile assault yet on the Big Board by one of its customers. Calpers, which manages $157 billion for 1.4 million California public employees, says the NYSE...
By Andrew Caffrey, The Boston Globe Knight Ridder/Tribune Business News Sep. 19--The Massachusetts state pension fund is making a huge bet on stately stands of Douglas fir in the West, piney woods in the South, and hardwood forests in the Northeast. ...
By Clint Swett, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News Jun. 26--A new Sacramento venture capital firm has tapped a former CalPERS chief to help it raise money for investments in the Sacramento area. Dale Hanson, who was chief...
Byline: Pirkko Juntunen Ten institutions, including California Public Employees' Retirement System Calpers, the world's largest pension fund, have joined the UK-led effort to boost transparency in the oil and mining sectors in developing countries.As well as Calpers, Deutsche Asset Management, F&C Management, Fidelity...
