Industry events

Sort content by

LPs failing engagement in private equity

Engagement and stewardship in private equity has been left out in the cold. This is strange for an asset class with high returns and where the foundation is already in place for the asset manager to act on behalf of the asset owner for strong engagement. Bob Eccles encourages more action.

Investors should backoff policy: Kay

Pension funds have “no business” engaging with policy makers but instead should influence change through stewardship, which is also the main function of asset managers, according to John Kay, Supernumerary Fellow in Economics at St Johns College, Oxford University.

Changing reporting to the long term

The $3.5 billion Carnegie Foundation doesn’t report quarterly numbers and at its board meeting it doesn’t discuss performance at all. Pension funds looking to change behaviours towards a long term investing orientation could take heed from such foundations in how they report to their boards about performance.

Chiefs outline risks in global economy

The impact of inequality, the skills gap in employment, looming cyber risks and the fragility in Europe makes the chiefs of five financial services firms wary about the outlook for the global economy, delegates at the Milken Institute Global Conference heard.