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Keynes and the character required for a long-term view

In the interests of educating myself I recently read Chapter 12 “The State of Long-Term Expectations” in John Maynard Keynes’ seminal economics tome General Theory. I particularly like his statement: “it needs more intelligence to defeat the forces of time and our ignorance of the future than to beat the gun”, but then I’ve always […]
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Recipe for avoiding half-baked dynamic asset allocation

In what is lauded as somewhat of a Laurel and Hardy performance, APG’s Stefan Lundbergh and academic provocateur Jack Gray, demonstrate the disparity between ideology and action in a hypothetical dynamic asset allocation case study. But jokes aside, it highlights the misnomer in the words “best practice”, and the lack of courage in this industry. […]
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HOOPP boss goes out on a high

Chief executive of HOOPP, John Crocker, has only one more board meeting before he retires, and except for travel plans to the Caribbean and Europe his dance card is empty. After 10 years in the position he leaves a fund in good shape – fully funded, technologically primed and with investments that use innovative, low-cost […]
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UK pension battle heats up

On Wednesday last week (November 2) the UK Government set out an offer – widely regarded as generous – to workers on public service pensions. However, unions still plan to go ahead with a “day of action” on November 30 – considered to be the widest industrial action in the country since the 1920s.
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