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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GPTB refines process to promote, even greater, transparency

Increased scrutiny on the transparency of disclosures is driving measurable improvements among some of the world’s largest asset owners, as refinements to the Global Pension Transparency Benchmark methodologies and board oversight boost attention on transparency.

CalSTRS positions for the future with new investment team structure

CalSTRS has restructured the investment team with an eye on its future growth and the best people to achieve its mission. This includes examining the complexity of the portfolio and the skills required to manage it effectively in the future. Amanda White spoke to deputy CIO, Scott Chan.

Don’t ignore culture in trying to solve the investment puzzle

Better internal investment integration and co-ordination will underpin long-term returns for two of the world’s largest investors, CPP and CalSTRS, but they’re also closely focused on how cultural issues – including diversity and team-building – affect whole-enterprise performance.

Nordic countries top Mercer CFA Institute Global Pension Index

Iceland, the Netherlands and Denmark topped the Mercer CFA Institute Global Pension index for the second consecutive year, each earning an A grade for their sustainable and well-governed pension systems.

There is no substitute for due diligence

Principal-agent problems in asset management means there is no substitute for sound due diligence of asset managers. But how do you know if a manager is aligned with your long-term goals? Ariel Babcock and Matthew Leatherman from FCLTGlobal have some tips.

What long-term looks like: Tips for structuring mandates

The third edition of FCLTGlobal’s report, Institutional Investment Mandates: Anchors for Long-Term Performance provides a toolkit for mandate processes and behaviours to reorient towards the long term, including a rethink of KPIs that asset owners can use to evaluate their managers.

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