I got that, but still, it makes little sense that some fund manager from Fidelity, T Rowe Price, or the like would want them to take controversial positions that would hurt the bottom line.
One would think that there is a difference between being amoral and stupid. Maybe not.
It takes an MBA.
Seriously, check out the institutional ownership of the companies going SJW. There are some interesting commonalities.
How about it isn't the fund "manager's" money....it's other peoples money.