Published by Reuters. Thu Jan 24, 2008 5:25pm EST BOSTON (Reuters) – Fidelity Investments will not be able to block shareholders demanding a vote to scrutinize the mutual fund giant’s investments for human rights violations, an activist group said on Thursday. The U.S. Securities and Exchange Commission (SEC) earlier this […]
Author Archives: Eric Cohen
The rise of the activist shareholder in the US boosts socially responsible investment
Published by Financial Times. By Sam Mamudi Socially responsible investing, typically a small corner of the fund world, is starting to attract mainstream attention in the US. As concerns about topics such as climate change and human rights grow, SRI funds are a useful option for investors who do not […]
Mobius bullish on PetroChina despite Buffett cut
Published by Reuters. HONG KONG | Thu Oct 11, 2007 4:37am EDT Oct 11 (Reuters) – Emerging markets fund manager Mark Mobius said PetroChina (0857.HK) was still attractive and that billionaire investor Warren Buffett’s recent move to cut his stake in the top Asian oil and gas producer did not […]
Buffett’s PetroChina sale pleases activists, investors alike
Published by MarketWatch. By Thomas Kostigen, MarketWatch Last Update: 12:03 AM ET Sep 14, 2007 SANTA MONICA, Calif. (MarketWatch) — Warren Buffett has been selling off his position in PetroChina over the past few months, something both his shareholders and political activists are happy about. It isn’t often that political […]
Fidelity’s PetroChina stake sale shows campaign power
Published by Reuters. By Muralikumar Anantharaman – Analysis BOSTON (Reuters) – The slashing by Fidelity Investments of its PetroChina stake under pressure from human rights groups opposed to the Chinese company’s ties to Sudan shows the vulnerability of money managers to public campaigns. For more than a year, activists clamored […]
Death by Dollars
Published in the New York Times. By NICHOLAS KRISTOF Published: February 11, 2007 So is your Fidelity account underwriting genocide in Sudan? Is your pension fund helping finance the janjaweed militias that throw babies into bonfires in Darfur and Chad? The answer to both questions is complicated but may be […]
Let your money do the talking on Darfur
Published in the LA Times. By Mia Farrow Actress MIA FARROW has made three trips to Darfur and neighboring countries. February 5, 2007 DURING THREE visits to Darfur and neighboring Chad, I have been witness to the first genocide of the 21st century. In a displaced persons camp called Zam […]
Fidelity’s Sudan problem
Published in CNN Money. Divestment campaign targets mutual funds, and the nation’s largest mutual fund company is the first target, says Fortune’s Marc Gunther. By Marc Gunther, Fortune senior writer January 29 2007: 11:09 AM EST NEW YORK (Fortune) — As institutional investors learned that Chinese oil companies are helping […]
