Integrating ESG at Norway’s giant SWF
Behind the Strategy Council’s report to the Norwegian Ministry of Finance on responsible investment for the Norwegian Government Pension Fund Global.
Defining fiduciary duty
What constitutes fiduciary duty is an ongoing discussion in the pension sector. The UK Law Commission has weighed in on the debate with its own interpretation. Pension funds mulling the definition and obligations of their fiduciary duty can now refer to a consultation paper from the Law Commission, Fiduciary Duties of Investment Intermediaries. … Read more
Investment beliefs of endowments
Academics from Columbia and Yale Universities examine the expected and actual returns of US university endowment portfolios and the role of alternatives in generating alpha. To access the paper Investment beliefs of endowments
Investors call for conflict of interest code
As an outsourced provider, fund managers make a series of promises to investors. Anything that tempts the promise to be broken is a conflict of interest, according to chief executive of Carne Group, John Donohoe, whose organisation has conducted a survey of institutional investors’ attitudes to conflicts of interest. In a survey of global allocators … Read more
Stock exchanges ‘need nudge on sustainability disclosure’
A study ranking the world’s stock exchanges against disclosure on sustainability themes ranks the BME Spanish Exchange at the top. But the study’s author managing director of CK Capital, Doug Morrow, says stock exchanges need a nudge by regulators to enforce tougher disclosure standards. The world’s stock exchanges “need a bit of a nudge” … Read more
Serious policy barriers limit long-term investment
The OECD annual survey of large pension funds and public pension reserve funds, reveals the “existence of serious barriers that need to be urgently addressed at policy level” to encourage long-term investment. The survey, which looks at 86 institutional investors from more than 35 countries accounting for $9.7 trillion in assets, as part of a … Read more
