Finance ‘not just about making money’
Nobel Laureate, Professor Robert Shiller, will speak at the Fiduciary Investors Symposium at Yale School of Management from October 23-25.
What a brief encounter with Elon Musk taught me about the limits of capitalism
In 2013, on the sidelines of the Milken Conference at the Beverly Hilton, my friend and then-colleague Sean Scallan and I found ourselves in a seven-minute private conversation with Elon Musk. He was not yet the figure he is today. Tesla was struggling. SpaceX had launched but not yet proven itself. The idea of humans
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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
Back to the future: investors concerns in 2008 resonate today
This issue marks the 400th edition of conexust1f.flywheelstaging.com, which looks at the strategies and views of the world’s largest asset owners. So what were the concerns and opportunities of investors six years ago, and what are they now? Since its launch in 2008, the journalists at conexust1f.flywheelstaging.com have written more than 2,000 stories on
Equity risk expectations – a response to short-termism
Solving short-termism is being held up by the institutional investment industry as some sort of performance saviour. There have been many attempts at uncovering the problems of, and offering solutions to, short-termism with numerous reviews, conferences and papers discussing the need for long-term investing. These include the incentives and behaviour of asset owners, asset managers
Smart beta: where is the value?
I’ve been contemplating the “smart beta” wave the industry seems to be riding at the moment. Cynically, part of that contemplation asks whether there is any innovation at play or whether it’s simply the industry playing with nomenclature once again. The answer is confusing, for while I’d like to be able to write it off
Hedging your bets? Back innovation for wealth creation
In 2012 there were 31 hedge fund managers on the Forbes 400 list, representing about 8 per cent of the wealthiest people in the US, up from 6 per cent the year before. Wealthy people on the whole don’t interest me, but innovation does. And the creation of wealth, and the creation of jobs and
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