Building momentum: Public funds star in NYSE reform movement's show.(News)

Pensions & Investments, September, 2003

Byline: Gregory Crawford Public pension funds are feeling their oats. Sensing a once-in-a-lifetime chance to influence - if not engineer - change at the New York Stock Exchange, executives at some of the nation's largest public pension funds quickly pulled together a powerful coalition of colleagues to demand unprecedented reform in the days after Richard Grasso resigned as chairman and chief executive.

And the group is likely to grow stronger as more institutional investors seek to have their voices heard. "They've got some pretty good momentum, and my guess is (the group) probably will grow,'' said David Tittsworth, executive director of the Investment Counsel Association of America, Washington. "If you've got billions of dollars to invest, you're...

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