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EDITORIAL

The risky business of investing

The number of different kinds of risk institutional investors must consider is overwhelming. We risked trying to make a list and, at the risk of sounding boastful, the result is worth a read.
EDITORIAL

Vale Steve Ross

Steve Ross was a pioneer of fields such as asset pricing, investment management and corporate finance. His colleagues at MIT and Caltech regarded him as generous and kind.
EDITORIAL

Does pay for performance work?

Governance experts say that paying competitive salaries for internal staff will have benefits across the entire fund. For some, including those working in public sector pension funds or profit-to-member funds, that is unpalatable. But a comparison of salaries and total investment costs, between two large, different and high profile funds – Ontario Teachers and CalPERS […]
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