Hints and tips:
...Vanguard was ultimately excused from the hearing....
...Nomura Asset Management, Vanguard and BlackRock are all major shareholders, and Elliott’s stake is at least 2.5 per cent, according to people familiar with the situation....
...Chopra and McKernan have met BlackRock and Vanguard to discuss the issue, according to multiple people familiar with the matter....
...“I’m going to keep pushing on this,” said McKernan, who has being particularly vocal about his concerns that BlackRock and Vanguard and other fund managers could be using their large shareholdings to influence...
Influential carmaker may prod other companies to rethink their numerous cross-shareholdings
...Big foreign shareholders in KT&G include US asset managers First Eagle Investment Management, Yacktman Asset Management, BlackRock and Vanguard as well as hedge funds such as Oasis Management and Tiger Global...
...The other is that they often have to convince large institutional shareholders such as Vanguard and BlackRock, neither of which is particularly keen on public sparring....
...BlackRock’s giant $61.9bn iShares Core S&P 500 Ucits ETF, Vanguard’s $38.6bn S&P 500 Ucits ETF and Amundi’s $8.2bn Lyxor S&P 500 ETF each charge 0.07 per cent....
...Bristow criticised the short-term focus on quarterly earnings by large asset managers such as BlackRock and Vanguard, which run some of the world’s biggest passive funds and are also shareholders in Barrick...
...The action is being launched under Section 19a of the German Competition Act, a law that places Berlin at the vanguard of European attempts to restrict the power of Big Tech....
...It was the mainstream media, with Fox at the vanguard, that allowed him to supercharge his populist political stardom....
...The pushback from the wider G7 could spell trouble for Japanese policymakers, utilities like JERA, as well as companies such as IHI Corp and Mitsubishi Corp, which are working towards developing co-firing...
...Indeed, the total number of active duty personnel — about 150,000 — is smaller than the US Marine Corps....
...A similar one last year failed to win support from major shareholders Vanguard and BlackRock; this year shareholder advisory firms ISS and Glass Lewis have also recommended rejection....
...The iShares Core S&P 500 ETF (IVV) holds $288 billion in assets and the Vanguard S&P 500 ETF (VOO) has $279 billion....
...Last year, a similar shareholder proposal failed to win support from Vanguard and BlackRock, McDonald’s two largest shareholders. Amundi and LGIM both supported last year’s resolution....
...Jack Bogle was famously no fan of ETFs, and in fact turned down Most when the Amex at first sought to partner with index fund giant Vanguard before turning to State Street....
...Cattle prods?...
...At BlackRock, the count is five out of 16, and at Vanguard it is three out of 11. And if you look at the upper management ranks of all three organisations, they’re all pretty dude-heavy....
...Unlike its indexing rival Vanguard, which dropped out of the main financial alliance on climate change last autumn, State Street’s asset management arm has committed to making the group’s $3.5tn in assets...
...But at the time, even Vanguard only managed $34bn, of which just 5 per cent was in index funds....
...Pennsylvania-based Vanguard gathered ETF inflows of $118.6bn in the first six months of the year, down 37 per cent on the same period last year....
...“We have a new bunch of emperors, and they’re the people who vote the shares in the index funds,” Munger said at the annual meeting of Daily Journal Corp in February....
...Vanguard, another very large provider with $338bn in taxable money funds, is now paying an annualised rate of 1.22 to 1.44 per cent after expenses, up from 0.01 per cent last year....
...Take Vanguard as an example. It employs more than three dozen professionals in evaluating 130,000 proxy votes each year....
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