Jun 5, 2023
We have to make it illegal for these woke companies to manage people's retirement funds using any other criteria beyond strict economic benefit. Anson Frericks accused institutional investors of pushing ideology on firms Pointed the finger at BlackRock, State Street and Vanguard A former Anheuser-Busch executive has claimed that institutional investors are pushing left-wing ideology on the companies they invest in, spurring recent controversies like the ones that engulfed Bud Light and Target. Anson Frericks, a co-founder of Strive Asset Management who previously spent a decade at Anheuser-Busch, made the claim in an interview on Tuesday on Fox News. 'You just have to follow the money. Take a look at BlackRock, State Street, Vanguard -- they manage $20 billion worth of capital,' he said. Frericks said a lot of the money managed by institutional investors comes from big pension funds like those of the state of California, which put ideological pressure on the money m