Eliminating The Middlemen

A recent article indicates that big institutional investors are empowering themselves to make their own markets instead of continuing to depend on Wall Street. But the members of the Institutional Investors Roundtable don't appear to include CalPERS. However, in 2011 CalPERS joined with other institutions and they have been making some progress toward the larger and very challenging goal of sustainable investing. But I hope they also liberate themselves from Wall Street, and invest in Main Street where most retirees live.