Investment committee meetings, a governance cornerstone at every asset owner organisation, run the risk of amplifying group biases and social dynamics, and can push the IC towards recommending more extreme investment positions collectively than the average of their individual views. Bernhard Scherer, head of portfolio implementation at ADIA, unpacks the thesis in a new paper.
Opportunities exist to improve portfolio efficiency among Germany’s pension funds, but it will create additional governance requirements. The conservatism of the portfolios is seemingly more difficult to move and reflects the higher degree of comfort required by German investors. Head of investments in Germany for Willis Towers Watson argues it is important to note that the short-term comfort this may provide may well come at a long-term cost.
Art Alfaro is executive director of the Texas Association of Public Employee Retirement Systems, , the largest provider of pension trustee training and continuing education for pension system trustees and administrators in Texas, beelieves the trustees and administrators behind Texas’s 93 retirement systems illustrate how board education pays off.
CalPERS is poised to reduce the number of investment committee meetings, and the size of the committee, as it strives to boost returns.
Why even good inclusion and diversity policies will miss their mark unless corporates have a better understanding of their employees.
The second in a series of articles by the CFA Institute outlines a roadmap on how investment professionals can navigate the accelerating change and disruption affecting the investment industry.
The investment industry needs authentic leaders: what do they look like? Rob Lake argues for a new form of leadership that is intensely human and can stimulate more innovation and creativity in work.
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Governance