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.
Proxy voting: Trump tightens the screws, but sole reliance on proxies rare
Institutional investors have played down the impact that President Trump's executive order to limit the power of proxy advisors will have on their investment processes, with pension funds suggesting proxy inputs only form a part of their voting decisions. However, the development feeds into an ongoing crimping of investor power.
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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.
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.
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.
North Carolina treasurer up for a fight
The head of North Carolina’s pension fund, Treasurer Dale Folwell, is dropping some managers, calling out others, and remaining cautious about reallocating capital – all without a CIO.
SWIB praises tech overhaul
Portfolio-level views of risk and alpha-generating strategies help explain why the State of Wisconsin Investment Board says its technology refresh has already paid for itself.
Governance