A pay-for-performance measure of chief investment officers in the US has revealed paying more for an executive does not translate to better performance. Developed by executive recruitment firm, Charles Skorina & Company, the index is calculated by assessing an institution’s investment returns over the past five years, and measuring it against the salary of the
The remuneration of pension fund investment executives is a sticking point in the industry. To compete with the open market, attract and retain a certain calibre of executive, and compensate them for the peculiarities of being a fiduciary, there is a certain minimum required. At the same time this has to be balanced with communication
A practical guide to good governance for pension board trustees was one of the results of the Rotman ICPM Board Effectiveness Program which included participants from 21 funds from nine countries.
A majority of investors believe “stability bonds” could provide a partial solution to the euro zone sovereign debt crisis, but are concerned that these bonds carry a high moral-hazard risk, a CFA institute poll reveals. The poll found 55 per cent of European investment professionals believe that the common issuance of stability bonds can help
Investments in credit will be a hive of activity this year as the role of banks in lending continues to fall and investors make decisions about the place of sovereign debt in their portfolios, according to Mercer. The consultant, which has outlined economic and financial challenges for investors in 2012, says the scarcity of credit,
Part of the mandate given to US regulators by the Dodd Frank Act is to measure and monitor systemic risk, but more than one risk measure is needed to capture the complex and adaptive nature of the financial system. The Office of Financial Research, part of the US Department of Treasury, has put together a
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