Are Institutional Investors Part of the Problem or Part of the Solution?

The Committee for Economic Development (CED) and the Millstein Center at the Yale School of Management have published a new working paper, Are Institutional Investors Part of the Problem or Part of the Solution?, authored by Ben W. Heineman, Jr., Chair of CED's Corporate Governance Subcommittee and senior fellow at Harvard's schools of law and government and Stephen Davis, Executive Director of the Millstein Center. The report argues that institutional investors---pension funds, mutual funds, hedge funds, sovereign wealth funds and endowments of non-profits now have a significant impact on individuals, investee companies, the market and the economy but far too little is known about how they are governed.