FSinsight - Jack Gray: "Pension funds should use their collective power on financial markets"

Pension funds should take collective action and demand changes on the financial markets which advance the long-term interests of their clients, the pensioners. In this provocative video interview, Professor in Finance Jack Gray (University of Technology, Sydney) urges pension funds to use the potential power that goes with the amount of capital they manage. "Now the power lies with Wall Street. The investment bankers and investment managers own you and control you." Gray sees "markets not functioning to the best of their abilities for the pensioners, and that is something that the funds should be doing something about." l.fsinsight.org...