SMSFs become a distorting force

The combined buying power of SMSFs is distorting markets … and some don’t like it.

When it comes to throwing its weight around, there is one super fund that can put quakes and quivers into the spines of board directors globally.

CalPERS, the California Public Employees’ Retirement System, can pressure and coerce huge global companies (including our own BHP Billiton recently) when it doesn’t like a decision, direction or policy.

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