| From across the nation and around the world, INSIGHTS-edge brings you news, commentary and research in key areas of interest regarding ESG, Sovereign Wealth Funds and US Public Sector Pension Funds. We watch the watchers...who are watching you. ESG / Sustainability Number of S&P 100 Firms Producing Sustainability Reports Jumps
(Source: Social Investment Forum) The number of S&P 100 companies producing sustainability reports with performance data jumped by more than a third in the past year, according to a
new report from the Sustainable Investment Research Analyst Network (SIRAN), a working group of the Social Investment Forum (SIF). Domini Social Equity Fund Outperforms S&P 500 Through November, 2009
(Source: Social Investment Forum) In the wake of last year’s economic meltdown—a meltdown forewarned by many in the socially responsible investing (SRI) movement, who had raised alarms for years over the financial shell game of packaging unsustainable subprime mortgages as securities—an increased emphasis on the consideration of environmental, social, and governance (ESG) criteria in investment strategies has gained wider currency. Sovereign Wealth Funds China sovereign wealth fund to receive more capital: report
(Source: MarketWatch) Sovereign wealth fund China Investment Corp is expected to receive another injection of capital from the country's foreign-exchange reserves in the coming months, according to a report citing unnamed government officials and people familiar with the fund. Sovereign wealth funds on the hunt
(Source: CNN Money) After months of relative silence, sovereign wealth funds, the huge, state-owned vehicles that export-rich countries use to invest their reserves, are on the prowl again. |
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| US Public Sector Pension Funds CalPERS probing investment advisor's ties to middleman
(Source: Los Angeles Times) A Nevada businessman was paid $17 million by two private equity firms to help them win business from California's giant pension fund at the same time he was working for a La Jolla company that was advising the fund on those investments. Watching the Watchers  Glass, Lewis & Co. LLC
Headquarters: San Francisco, California
Established: 2003
OVERVIEW / MISSION
Glass Lewis sums up its activity: “Glass, Lewis & Co. LLC is the leading independent governance analysis and proxy voting firm, serving institutional investors that collectively manage more than $17 trillion in assets...” The firm claims that its mission is “to be known as the world's leading governance analysis and proxy voting firm by offering independent research and best-in-class execution solutions that empower our clients to vote their proxies in the interest of long-term, sustainable shareholder value.”
BACKGROUND
Glass Lewis looks at various types of risk – business, legal, governance, and accounting – as it analyzes publicly-traded companies for its clients. The firm claims to have “several hundred institutional clients on three continents” and they collectively manage over USD$17 trillion. Glass Lewis says it analyzes risk at “more than 18,000 companies in over 80 countries.” Though Glass Lewis was founded in 2003 by Wall Streeters, it is now an independent subsidiary of the Ontario Teachers’ Pension Plan Board. |
