CN takes on tech in hunt for talent
Marlene Puffer, president and chief executive at the $18 billion pension fund for Canadian National, says the fund has some natural advantages in the hunt for talent.
WeLose: a failure of dual class shares
The failed IPO of WeWork is a good case study in the corporate governance flags that show up in the pursuit of a dual class share listing.
Long-term investors using short-term strategies
There is a contradiction in the way that many long-horizon asset owners behave. On one hand, they are increasingly concerned about the externalities imposed on wider society by the companies they own. But on the other, they tend to ignore the social costs imposed by the short-horizon strategies that they employ such as momentum and tracking error constraints. The transmission mechanism for this social cost is via asset mispricing, which leads to capital misallocation and incentives for CEOs to focus on short-term share price maximisation.
Stewardship – The 2020 vision
At the international business of Federated Hermes, we believe that the investment management industry could be a potent force in building a better world; but today that potential is largely unfulfilled.
Navigating the ESG labyrinth
In this handy guide, we share the knowledge and experience we have gained from decades of sustainable investing.
New CFA chief outlines the year ahead
The new chief executive and president of the CFA Institute, Marg Franklin, completed her first 100 days in the job last week and already she’s made an impact. Amanda White spoke to her about the organisation’s influence in the decade ahead.
