CalPERS ups transparency

A stock photo of the tall Palm Trees in Los Angeles. Photographed at 50mp using the Canon EOS 5DSR. Visible lens flare and bleach out over exposed look.

The whales were out in numbers off the California
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Why traditional investment committees can amplify group biases

Why traditional investment committees can amplify group biases

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.

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