The collective brain
The Future Fund knows exactly where its leadership team’s cognitive strengths, and weaknesses, lie. Does your fund?
Sweden’s FTN focuses on fees and returns in latest procurement
Lower management fees and higher returns defined the latest selection process at the Swedish Fund Selection Agency in its latest awarding of active global equity mandates to 12 managers, its largest and most ambitious €20 billion ($23 billion) procurement so far.
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Alignment of interest
The mechanism for sharing risks via fees in the pension industry is weak, says Fiona Trafford-Walker. Asset-based fees don't reflect managers’ ability, and clients don't get enough of the benefit of scale.
Cost disclosure overhaul
Investors should adopt the ILPA standardised fee reporting template for private equity, say Mike Heale and Andrea Dang from CEM Benchmarking
We don’t have to be friends
“I don’t have to like you, we don’t have to be friends,” says Chris Ailman, chief investment officer of CalSTRS.
Understanding the cost of investment management
Across the institutional investment community, disclosure and transparency of costs continues to be evolving, but not fast enough. A paper by Commonfund Institute reveals only 18 per cent of respondents in an endowment survey reported incentive and performance fees paid to asset managers despite the fact that nearly 85 per cent of respondents reported having
NZ Super: on a higher plain
Self-reliance on asset allocation and employing a partnership style with its managers – based on the mutual exchange of ideas – are the cornerstone of New Zealand Super’s evolved investment approach founded on the confidence of its investment ideas. David Rowley visited the NZ$29.6 billion fund to find out how it does this. On the climb towards the
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