Benchmark will help build trust

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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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Tough times greet new CalPERS CIO

Ben Meng isn’t easing into his role. The new CIO of CalPERS faces three new board members, a stressed private equity program and executive turnover, all under the pressure of a 70 per cent funded status and a maturing membership at the $340 billion fund.

Managing risk across multiple horizons

Most asset owners have to manage several time frames to be long-term investors but most risk-management tools address only one investment period. A new paper by Focusing Capital on the Long Term attempts to solve this problem by providing a new set of tools.

Dutch funds team up for OECD Guidelines

More than 70 pension funds from The Netherlands have joined forces with the Dutch Government and trade unions for the Responsible Business Conduct Agreement – a pledge to work together to prevent their investment practices from harming society or the environment.

Metrics for long term performance

Academics Gordon Clark and Ashby Monk have created 11 metrics that focus on meaningful and useful predictors of long-term performance. It’s a boon for investors struggling with the problem of appropriate measures for investing for the long term, a horizon where traditional benchmarks don’t always fit.

Australian royal commission final report

The much-awaited final report for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry made seven recommendations relating to superannuation.

UK reforms have pension schemes in mind

The UK’s Competition and Market Authority has put forward several changes to the investment consultant and fiduciary manager markets designed to ensure competition improves outcomes for pension schemes and other institutional investors. A competitive tender process would be required, as would clear distinctions between advice and marketing.

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