As the Walt Disney Company, Coca-Cola, Google, Microsoft, the Atlanta Falcons, and other high-profile corporate entities involve themselves in public controversies over hot-button social topics, and pursue market strategies and internal policies based on Environment, Social, and Governance (ESG) and Diversity and Inclusion (D&I) principles, some asset managers increasingly wonder how to invest capital in a way that will not compromise their fiduciary duty to shareholders seeking the highest possible returns.
The trend of “woke” corporate governance is so pervasive, and its divisiveness and effects on the bottom line so hard to ignore, that two ambitious entrepreneurs, Vivek Ramaswamy and Anson Frericks, co-founded a new investment firm, Strive Asset Management, in May 2022….