Strive’s Cole On Prioritizing Shareholder Value Over Stakeholder Ideals

Matt Cole, Chief Executive Officer and Chief Investment Officer at Strive weighs in on the cost of stakeholder capitalism and Strive’s singular focus on maximizing long-term value for investors.

Since launching its inaugural ETF just one year ago, Strive has gathered roughly $950M in assets and rolled out 9 additional equity-based ETFs ranging from energy, emerging markets and broad market exposure. The firm’s investment philosophy is deceivingly simple: prioritize performance over politics. 

WebcastBeyond ESG: The Costs and Consequences of Stakeholder Capitalism – REGISTER NOW.
At Strive, we firmly believe that the purpose of a for-profit corporation is to maximize value for its shareholders.

This principle has been the driving force behind American capitalism’s historical success and innovation. However, a notable shift is taking place as asset managers advocate for American companies to embrace stakeholder capitalism and attempt to redefine the purpose of a corporation. This shift could have a catastrophic impact on equity markets and your clients’ investment accounts.

Join Strive to learn more about the history of shareholder capitalism, stakeholder capitalism, and why understanding this difference is critical as a fiduciary to your clients.

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Matt is the Chief Executive Officer and Chief Investment Officer of Strive – the leading voice of shareholder primacy in the investment industry. With over $950M in AUM and $5B in assets under advisory in less than a year, Matt leads one of the fastest-growing asset management companies in the US. Matt oversees Strive’s investment philosophy, strategic positions, and product lineup. He is Head Portfolio Manager for Strive’s existing passive equity ETFs and Strive’s upcoming actively managed Fixed Income ETFs.

Prior to Strive, Matt was a Portfolio Manager at CalPERS, where he oversaw more than $70 billion in actively managed Fixed Income portfolios. During his 16 years at CalPERs, his portfolios were among the best performing in the investment industry and did not underperform their benchmark in any single year.