2,328 research outputs found

    The Archway Investment Fund [about]

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    Includes a history of the Archway Investment Fund and a return summary

    Behind the Curtain

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    [Excerpt] On August 31, 2004, for the first time, the nation’s mutual fund companies reported how they cast their proxy votes at the public companies in which they invest. The disclosure is the result of Securities and Exchange Commission rules adopted in January 2003, rules that the AFL-CIO first petitioned for in December 2000 and that the mutual fund industry strenuously opposed. This report evaluates how the 10 largest mutual fund families voted when presented with the opportunity to curb CEO pay abuses at a dozen S&P 500 companies in 2004. We chose executive compensation as our benchmark because, in the words of billionaire investor Warren Buffet, “The acid test for reform will be CEO compensation.

    AFL-CIO Key Votes Survey: How Investment Managers Voted in the 2004 Proxy Season

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    [Excerpt] Like other investment management decisions, pension funds generally delegate the authority to vote their shares to a money manager or a specialized proxy voting consultant. Because proxies are a plan asset, ensuring that they are voted in the interests of beneficiaries is part of a trustee’s fiduciary duty. The Key Votes Survey is intended to help trustees fulfill this duty by reviewing the voting records of these investment managers and proxy consultants
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