CalPERS’ chair leaves legacy of responsibility

Henry Jones, who will resign as president of the C
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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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How UK’s LGPS still has a long way to go creating a Canadian model

The UK’s new Chancellor of the Exchequer Rachel Reeves just returned from a trip to Toronto where was gleaning ideas from Maple 8 bosses on how to emulate a “Canadian style” pension model. But it will require a governance overhaul to create a Maple 8 in the UK.

NBIM transparently explains half year results

The semi annual report of Norway’s sovereign wealth fund is testament to its commitment to transparency, unambiguously outlining the half year results which came in 0.04% under benchmark. The fund did benefit from a nearly 15% exposure to tech stocks, but was let down by returns in renewable energy infrastructure.

AP funds face consolidation as report flags scale and efficiency wins

A long-awaited review into Sweden's buffer funds suggests consolidation between the three Stockholm funds – AP1, AP3 and AP4 – stating that the advantages in terms of efficiency and scale outweigh the disadvantages of continued separation.

Same same, but different: Governance lessons from three markets

Despite global pension markets’ varying levels of maturity, the goal of combining portfolio resilience with meeting fund objectives is the same, and it can be achieved through different manifestations of governance structures.

Solid foundations allow Canadian funds to innovate and grow

The foundations of the modern Canadian pension fund industry were laid decades ago, and organisations today continue to reap the benefits. The Fiduciary Investors Symposium in Toronto heard that the potential of the industry is immense, built on solid principles and an embrace of new technology and processes.

Pioneers of the Canadian model say its principles are under siege

A founding principle of the Canadian pension system is under attack. The Fiduciary Investors Symposium in Toronto heard from four individuals who have been instrumental in making the system what it is today, and that the sound principles that made the system great need to be defended.

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