By Jon Entine
This publication indicates that pension money and mutual money that display investments in accordance with social and moral personal tastes often damage these humans and motives (for instance, the negative and the surroundings) that they're designed to assist.
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Additional info for Pension Fund Politics: The Dangers of Socially Responsible Investing (Business Economics)
The problem is that the pension consultants have business relationships with both the pension funds and the money managers they recommend. ” The resulting increase in money being guided into public pension plans raises a host of concerns. These investments may offer high returns, but they also carry substantial risk and often involve bigger fees than those applied to simpler, publicly traded investments. Because they are not publicly traded, it is much more difficult to evaluate their performance, and they cannot be sold quickly to raise cash.
Mary Williams Walsh, “Political Money Said to Sway Pension Investments,” New York Times, February 10, 2004, 1. 45. Furthermore, views on social investing are likely to differ within the group of stakeholders; Alan Neal, “Pension Funds and Socially Responsible Investment,” East London School of Business working paper, Summer 2001. 46. : Council of State Planning Agencies, 1981). 47. Alicia H. Munnell, “The Pitfalls of Social Investing: The Case of Public Pensions and Housing,” New England Economic Review (September/October 1983): 20–40.
2. 8 billion), which co-invests in the construction of power generation plants that are then leased or sold to independent power producers, industrial companies, or the government. The Boilermakers & Blacksmiths National Pension Trust is the sole investor in the fund. 4 billion), which is sponsored by the Amalgamated Bank, an institution that provides trust, investment advisory, custodial, and benefits remittance services for Taft-Hartley and public-sector employee benefit plans. (3) The Multi-Employer Property Trust Fund, an open-end equity real estate fund comprised of 241 multiemployer and public-employee pension plans that invests in high-quality, income-producing office buildings, warehouses, flex/R&D facilities, retail centers, hotels, and apartments.