How UK’s LGPS still has a long way to go creating a Canadian model

London bus and taxi Oxford Street W1 Westminster in UK England

The winds of change are blowing for the UK's £354
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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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CalPERS board set to take back control of discount rate

The CalPERS board is likely to wrestle back control of setting the pension fund’s discount rate, a process that has been done automatically since 2015. Board member David Miller amongst others said this investment rate of return shouldn’t "just happen" as a matter of course, without them stepping in.

Mobilising collective intelligence by leaving traces of good practices

Andrea Caloisi from the Thinking Ahead Institute argues that breaking down the collective action problem into shared leadership building blocks is a powerful tool in the hands of asset owners to tackle global challenges like climate change.

CalPERS next CIO: 55 applications so far and counting

The numbers behind CalPERS hunt for a new CIO: 55 applicants so far; a $300,000 budget to secure a candidate; and a process of candidates submitting to 40-odd checks including credit checks and social media history.

ADIA: Active management, sharper internal processes pay off

Restructuring its internal processes has reshaped ADIA’s investment approach and highlights opportunities in active investment ahead.

Global search begins for CEO of $166b Australian Retirement Trust

Recruitment firm Egon Zehnder has been appointed to do a global search for the next CEO of the Australian Retirement Trust following the resignation of Bernard Reilly two years after the pension fund’s formation by the merger of Sunsuper and QSuper.

HOOPP: A boardroom view of how to approach governance around climate change

Boards face a vital role supporting governance around climate change. The board journey of Canadian fund HOOPP serves as a starting point for other boards feeling equally challenged by the complexity of the issue writes co-chair Gerry Rocchi.

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