1. At BlackRock, Vanguard and State Street, 'Engagement' Has Different Meanings

    At BlackRock, Vanguard and State Street, 'Engagement' Has Different Meanings

    The biggest passive money managers all like to use some version of the word "engage" when describing how they hold their portfolio companies accountable behind the scenes. They differ on how that engagement is measured. BlackRock Chief Executive Laurence Fink cited the strategy this week in his annual letter to other CEOs...

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