CPP, NBIM CEOs swap notes on leading through teams, not bureaucracy

John Graham (L) and Nicolai Tangen

In a high-level exchange between two of the world
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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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Norway’s SWF resembles index fund; needs clarity of mandate

The largest sovereign wealth fund in the world, Norway’s Government Pension Fund Global, resembles an index fund and is not making the most of its tracking error boundaries according to a review of the active management of the fund by a team of specialists who recommended more clarity of mandate.

CalPERS’ chair leaves legacy of responsibility

Henry Jones, who will resign as president of the CalPERS board on January 21, leaves behind a new mindset at the fund of tackling big systemic issues including sustainability and racism.

Border to Coast: Securing access to the best managers

The United Kingdom's Border to Coast pension pool has just mandated to a new private markets managers. Mark Lyon explains how the manager accessed the brightest and the best. The private markets allocation is on track to deliver promised fee reductions, despite mandating to expensive, sought-after external managers.

Pension funds should prioritise technology before growth

Pension funds positioning for growth should prioritise building technological capacity according to chair of Alberta Investment Management Company Mark Wiseman who led CPPIB through a significant growth period.

Insourcing an indicator for better outcomes

Based on empirical evidence alone, funds that insource or internalise end up with better outcomes, both on a net and gross value-added basis, according to CEM Benchmarking data which draws from the evidence of some 300 funds in 17 major pension markets around the world representing $11 trillion of assets.

Innovation needed on fund disclosure of corporate strategy

A minority of pension funds reviewed for the GPTB publicly disclosure their organizational strategy in a way that goes beyond disclosures of economic and market conditions and the impact on the performance of their investments. Michael Reid argues there is room for improvement in communicating key corporate activities to stakeholders.

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