Fund managers must break their silence

While it has been little remarked on and even less analysed, the nature of stock ownership has experienced a sea change since the second world war. Ownership of US stocks by financial institutions has leapt from 8 per cent to 70 per cent. A similar trend has prevailed globally.

US financial institutions mutual funds, pension funds, endowment funds, and bank trustees - hold more than two-thirds of the shares of virtually every publicly held US corporation, giving them total voting control ... READ MORE

Released by the Financial Times - 19 September 2012