Governance
PRI rallies boards on data security
A group of more than 50 investors has formed to help raise awareness and standards for data protection. As related risks become a primary concern for directors, PRI is co-ordinating efforts.
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Governance
OPTrust takes climate-change action
The $15 billion Canadian pension plan considers active engagement more effective than divestment and market forces more immediate than regulation, as it works towards a low-carbon economy.
Governance
HOOPP ponders re-allocating risk
Canada's Healthcare of Ontario Pension Plan is considering adding to its celebrated strategy with moves into reinsurance and infrastructure, based on forecasts of rapid growth in its assets.
Governance
LPP takes first steps building a culture
The UK’s new Local Pensions Partnership is establishing its identity by learning from established funds, welcoming new ideas and seeking opportunities based on like-minded partners not size.
Governance
CalPERS wants PE revamp to move quickly
The board of CalPERS is still wrestling with issues such as pay and level of control over its new private-equity entity. Meanwhile, opportunities could slip away if the launch is delayed.
Governance
AustralianSuper on shaping ownership
Jim Craig is chair of the investment committee for the $76 billion AustralianSuper. He talks to Amanda White about aligning principles and strategy for Australia’s largest superannuation fund.
Governance
TCorp’s chair on change
Philip Chronican had 35 year career in Australian banking including as head of ANZ, and is now on the board of NAB. He talks about transformational change at the A$92 billion ($68 billion) TCorp.
Governance
Culture, structure for the long term
Ten Ideas to Foster Long-term Investing is the last of three related papers. The trilogy offers concepts and actions for pulling away from short-term thinking. Here are some of the key steps.
Governance
Treat patience as a finite resource
Funds in position to benefit from long-term investing must treat patience as a finite resource to be protected, otherwise they miss out on opportunities that come only with a long horizon.
Governance
TCorp pulls trigger on shake-up
The $70 billion NSW Treasury Corp has reorganised its investment staff to erase most sector divisions, in favour of more centralised portfolio construction and manager selection.
Governance
Cbus moving raft of assets in-house
Australia’s $34 billion pension fund for the construction industry is moving nearly half of its asset management in-house, starting with active equity and infrastructure.
Governance
OTPP makes paying well pay off
Ontario Teachers must pay well to attract talent for in-house management, but its results are worth it. The fund's ways of linking remuneration to performance hold lessons for the world.