This collaborative research examines the relationship between hedge fund managers’ fee structures and the amount of risk taken and among other things finds a “high-powered incentive fee” encourages excessive risk-taking, while management fees have the opposite effect.
Research
The economics of hedge funds
Sustainability in Practice
Net zero alignment: Assign portfolio managers strict carbon budgets
A new paper outlines how investors can align their portfolio to science-based carbon budgets consistent with 1.5 degrees of warming.
Sarah RundellMay 5, 2022
Research
Pensions’ flawed return forecasts
We all know past performance is not indicative of future results, but a new study finds evidence that US public pensions are basing performance forecasts on their own prior experiences anyway.
Amanda WhiteFebruary 8, 2018
Sustainability
PRI demands ESG action from consultants
A new report from the Principles for Responsible Investment states that investment consultants must put ESG issues at the core of the advice they offer, to build a sustainable finance system.
Amanda WhiteDecember 13, 2017
Research
A guide to long-term mandates
Focusing Capital on the Long Term has published a paper with 10 things asset owners and managers can do to negotiate deals that align their incentives – and thinking – with longer time horizons.
Amanda WhiteDecember 5, 2017
Sustainability
SDGs economic opportunity: report
A new report from the PRI and PwC states that global investors can perform their fiduciary duty and create a boon in market opportunities and jobs by actively pursuing the SDGs.
Amanda WhiteOctober 17, 2017
Research
Investors’ role in company collaboration
Investors play an important role in facilitating corporate collaborations to improve sustainability says a leading Harvard academic in sustainability.
Amanda WhiteAugust 24, 2017
Research
Emerging market funds need to diversify
Pension funds in many emerging economies need to diversify offshore, says the World Bank, in order to achieve higher returns with potentially lower volatility.
Amanda WhiteAugust 14, 2017
