Concerns over private equity leave pension funds wary
Institutional investors are clearly attracted to private equity, but remain wary of the sector for its perceived lack of transparency and ability to be measured, high fees and a sense that they cannot invest into the sector as truly equal partners. “It’s clear that now is a time with a lot of flux in private equity,” said Josh Lerner, the Jacob…

All aboard the change express as Railpen leaves the station
At the end of a corporate review process that lasted eight months, involved 23 meetings of a steering committee and produced 60 working papers, the UK railways pension fund Railpen was left with 422 action items. “We’ve done 224 of them,” Chris Hitchen, Railpen chief executive, told the Fiduciary Investors Symposium (FIS) at Harvard University. “And I’ve got 74 to do before…

A ‘foreign language shield’ can help improve decision making
Introducing a “foreign language shield” into a decision-making process is a proven way of making better decisions, according to Cass Sunstein, the Robert Walmsey University Professor at Harvard Law School. Sunstein, a former administrator of the White House Office of Information and Regulatory Affairs (OIRA), told the Fiduciary Investors Symposium (FIS) at Harvard University that the Obama administration had introduced a…

ESG factors take centre stage in the evolving world of the fiduciary
The modern responsibilities of the fiduciary investor extend beyond what are perceived as the “mainstream” investment issues to those related to environment, society and governance (ESG) factors. But there is a growing understanding among fiduciaries that ESG considerations are now equally important in discharging their obligations. David Wood, adjunct lecturer in public policy and director of the Initiative for Responsible Investment (IRI) at Harvard University’s Hauser…

The biggest risk for investors might be misunderstanding uncertainty
As the focus of retirees shifts ever-further towards objectives-based outcomes, those entrusted with achieving those objectives will have to rethink a traditional approach to managing money involving risk and return trade-offs. Speaking at the Fiduciary Investors Symposium (FIS) at Harvard University, Abdallah Nauphal, chief executive and chief investment officer of Insight Investment, a BNY Mellon Company, said investors need to understand…

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As the fixed income asset class undergoes rapid change and the opportunity set expands, unconstrained bond funds have become popular. But as this article examines, with that expanded opportunity set [more]
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Concerns over private equity leave pension funds wary

Institutional investors are clearly attracted to private equity, but remain wary of the sector for ... [more]

All aboard the change express as Railpen leaves the station

At the end of a corporate review process that lasted eight months, involved 23 meetings ... [more]

Using a ‘foreign language shield’ to improve investment decision making

Introducing a “foreign language shield” into a decision-making process is a proven way of making ... [more]

ESG factors take centre stage in the evolving world of the fiduciary

The modern responsibilities of the fiduciary investor extend beyond what are perceived as the “mainstream” ... [more]

The biggest risk for investors is misunderstanding uncertainty

As the focus of retirees shifts ever-further towards objectives-based outcomes, those entrusted with achieving those ... [more]

Good for Harvard, good for the world: Why HMC embraced ESG with a passion

Harvard Management Corporation (HMC) signed up to the UN-supported Principles for Responsible Investment (PRI) less ... [more]

G20 urged to develop policies to support long-term investment

The Fiduciary Investors Symposium (FIS) at Harvard University has identified several of the key barriers ... [more]

What, really, are your pension liabilities?

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  • October 25, 2014

Liabilities in UK pension schemes are grossly under-estimated with the current valuation system not recognising ... [more]

Behind the long-horizon equities mandate at The Pensions Trust

How to implement long-term ideology is one of the enduring questions for investors. Unilever UK ... [more]