US fiduciary wealth has surpassed individual wealth, presenting new opportunities for pension funds and other managed funds to leverage the weight of money to achieve corporate and social change.  Speaking at the CMSF conference, William Greider said the shift of money meant pension and other funds could steer corporate behavior to effect positive outcomes for their members, not just financially but in the workplace and in society more broadly.  Passive investment, meaning where it allowed poor corporate practice to carry on unchecked, was ultimately harmful to its members, regardless of short-term returns. This may include where funds invest in corporations which treat their employees badly or bring about negative social or environmental outcomes, for example.