CalSTRS retiring deputy CIO recounts significant changes in the investment management industry during her career.
Strategy, rather than divestment, key to a sustainable funds, panelists say.
Key objective is to develop council’s response to policy and political issues that “seek to undermine” national retirement securities.
$213.7 billion fund owns shares in at least three public firms that make and sell guns and ammunition.
Michelle Cunningham was also the fund’s first internal investment officer.
The fund outperforms benchmark for first double-digit returns in three years.
A recently filed form reveals the EpiPen company ignored majority shareowner votes again, and the response is ferocious.
Although shareholders voted against Management Proposal 5, the directors remain.
New York City Pension Funds lead the charge against Management Proposal 5 with Glass Lewis, ISS’s endorsement as they prep for Mylan’s June 22 shareholder meeting.
Decision comes one year after divesting from US coal holdings.
Growing investor frustrations at the company’s annual meeting suggests change is imminent, but the board’s history makes implementation unlikely.