Unfunded liabilities at CalPERS, the nation’s largest public pension fund, have grown from a surplus of $2.9 billion in 2007 to a deficit of more than $138 billion, despite the broader bull-market. Four out of every five taxpayer-dollars collected by New York City’s personal income tax are spent paying down the city’s public pension fund system’s liabilities, a 567 percent increase over the past 15 years. Learn how politics is increasingly driving pension decisions – and hurting taxpayers along the way.

CalPERS Report » New York Report »

In the world of proxy voting, the two largest advisory services for institutional shareholders control an estimated 97 percent of the market and are able to impact major voting decisions with their recommendations. In recent years, these firms have emerged as quasi-regulators leveraging their influence to require disclosure from public companies without any actual statutory powers, leading to numerous issues.

Report » Press Release »

As ESG investing has risen as an investment priority, research finds significant disparities in ESG ratings due to a lack of standardization, inconsistencies, and subjective interpretation influenced by a number of biases – including company size, geography, and industry specific criteria. As a result, major rating agencies have significant differences in the accuracy, value, and importance of their individual ratings to investors, and arguably undermine the validity of ESG investment strategies.

Report » Press Release »