Conservatives form fund to take on the ‘Ideological Cartel’

News broke recently that Strive Asset Management, backed by Paypal co-founder Peter Thiel and ex-biotech executive Vivek Ramaswamy are launching a new fund that will take on the three largest U.S. asset managers — BlackRock, Vanguard and State Street. The new group cited “consumer harm” in their press release for the reason that they decided to launch this new fund that will compete with firms such as Blackrock.

According to the press release “Strive aims to solve a fiduciary problem created by the three largest U.S. asset managers — BlackRock, Vanguard and State Street — which control over $20 trillion in assets, exceeding the total U.S. gross domestic product. These “Big 3” firms bear a fiduciary duty to advance the best interests of their clients. Yet in the name of “stakeholder capitalism,” they use their clients’ funds to exercise decisive influence over nearly every U.S. public company to advance political ideologies that many of their clients disagree with. They engage in coordinated efforts to enact a uniform social agenda across corporate America resulting in higher gas prices and other consumer harms, which Arizona Attorney General Mark Brnovich recently called “the biggest antitrust violation in history.”

This new fund aims to invest your money into quality companies instead of companies like Blackrock and Vanguard, that focus more on politics and investing in woke companies like Disney and Coca-Cola. Instead of investing your money into things that you don’t agree with and being managed by a company like Blackrock that is now refusing to lend money to fossil fuel companies, Strive will invest in quality companies that keep politics out of your investments.

All three firms recently came out against investors in Exxon Mobil Corp and supported directors recommended by an environmental activists fund to take seats on the board. Ramaswamy has stated that he wouldn’t have sided with the “Big 3″ and stated that “We will tell oil companies to be excellent oil companies and coal companies to be excellent coal companies and solar companies to be excellent solar companies.”

According to co-founder Vivek Ramaswamy “A majority of Americans want companies to stay out of politics,” he said. “They want to have a separate space for where they shop, where they work, and where they invest from the places where they cast their ballots or engage in their political debates.”

This is really exciting news and something that is desperately needed. We need a parallel economy where we can’t just be turned off if we don’t fall in line with the approved narrative. We need to be able to have a choice of what we want to invest in, instead of being told that we need to invest in a company that goes against our values.

Beginning this fall you are going to start having options on where you want to invest your 401K money. It’s easy to tell people not to invest with Vanguard or Blackrock, but where do you go? There’s a place you are going to be able to go now that is focused on investing in quality companies, instead of companies that take your money and then do whatever they can to fight against your values.

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