ESG Archive

Apr 01, 1998
With C$30 bn in assets and a requirement to invest C$3-5 mn a day, the Ontario Municipal Employees Retirement System (Omers) is Canada's third largest pension fund and an active player in Canada's capital markets. Yet the 35 year-old fund, set up to consolidate Ontario's various municipal employee pension funds, is a little different from many of its peers. For starters, despite being a public sector plan, Omers has had the freedom since 1975 to make its own i...
Read more
Apr 01, 1998
It won't be an apocalypse. And it won't be another trial by proxy card, for the last decade has already seen corporate America put through the ringer. Issues ranging from CEO pay to director independence have been dissected, catalogued and displayed for the world to see. No, this time it's capital markets intermediaries who will have to stand up and be counted. You can't hide any longer, all you stockbrokers, investment bankers and portfolio managers. You have ...
Read more
Apr 01, 1998
Boston was once the front line of the revolutionary war, and the vestiges of revolution are all around. But now it's firmly establishment - old money, ivy league and school ties. This was also once a moderately sized money management center. But that's ancient history too. Institutions here have ballooned to over $1 trillion in equities under management, making this city Technimetrics' number four world target city for equities. The investment management boom ...
Read more
Apr 01, 1998
As the euro era beckons, the landscape of corporate Europe is changing. Cozy cross-shareholdings are being untangled and patriarchal governments are loosening their grips. With the corporate focus changing, Europe's analyst community is having to respond. And fast. The trouble is that clients - institutional investors - are no longer happy with just a bird's-eye view of a company and its home position. Rather they want a broader picture painted across both Euro...
Read more
Apr 01, 1998
It's a jungle out there.' That's how one CEO of a large US corporation describes this proxy season. And when you consider the ferocity of some of the proxy campaigns waged over the last ten years you can see what he means. The one that stands out most in his mind is the campaign run by Institutional Shareholder Partners in 1992 against Sears, in which the Bob Monks/Nell Minow team placed an ad in the Wall Street Journal which had a picture of all the company's directors ab...
Read more
Apr 01, 1998
Every year at around this time the UK's Investor Relations Society holds its conference. Every year it hauls up some corporate bigwig to give a keynote address on why investor relations is vital, crucial, valuable, valued and generally top notch at their own company. This year Lord Blyth of Rowington, deputy chairman and chief executive of The Boots Company is doing the honors. Boots has gained several fans in recent times for its dedication to shareholder valu...
Read more
Apr 01, 1998
Just because Warren Buffett has cornered 20 percent of the world's supply of silver does not necessarily mean that astute investors should jump into the crucible after him. The Hunt brothers were there before, and then the traditional metals traders changed the rules and transmuted the Hunt's silver hoard into base metal. As a sideline, the Hunts had amassed a magnificently comprehensive collection of Greek, Roman and Byzantine coins, which were eventually haw...
Read more
Mar 01, 1998
Just a decade ago, there was little research quantifying the impact of investor relations on share price. That was understandable. No-one has been able to develop a perfect predictive model of the market. In the years since, valuation consultants, academics and counselors have developed a significant body of unpublished research on the impact of what IR officers do. But published research is still sparse, and little is known outside academia. Whether IROs move...
Read more
Mar 01, 1998
Everywhere you look these days there's a new index. The financial community has hundreds of them at its fingertips to help it track the stocks of today and the winners of tomorrow. These range from the long-established and quoted-everywhere to the newly-launched and hardly-known. And as if there aren't enough already, new indexes are being introduced nearly every day - the impending arrival of the euro is not designed to ease the situation. Elliott Shurgin, vi...
Read more
Mar 01, 1998
One of the key concerns of delegates at this year's World Economic Forum was how to cope with globalization. Academics, trade unionists, politicians and general business bigwigs gathered in Davos, Switzerland last month where they spent a good deal of time scratching their heads over how to control and police the world's markets. The Asian downturn was top of their minds and, according to the Wall Street Journal, they agreed that globalization had outpaced the ...
Read more
logo-black logo-black
Loading