The $2.6 trillion asset manager behind the 'Fearless Girl' statue is putting its money where its mouth is

pulse

July 26, 2017 10:23 PM

State Street Global Advisors has voted against 400 companies that haven't moved toward including more women on their boards.

State Street Global Advisors, a huge asset manager, called for the companies it invests in to improve their gender diversity – or else face a vote against them.
The call came as part of State Street's installment of "Fearless Girl," a statue of a defiant girl in front of downtown Manhattan's Wall Street bull.
State Street has since followed through on its promise, voting against 400 companies that failed to act.

The $2.6 trillion asset manager behind the"Fearless Girl" statue is putting its money where its mouth is.

State Street Global Advisors, one of the world's largest money managers, installed in March a statue of a defiant girl in front of the Wall Street bull in downtown Manhattan

voted against 400 of those companies.

"Basically, we hold these companies forever," said Lynn Blake, the CIO of Global Equity Beta Solutions. State Street is a major player in passive investing, which means that they hold stocks of companies in major market indexes.

– 394 of the 400 – are based in the US.

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