Deafeating short-termism: Why pension funds must lead

In the fall issue of the Rotman International Journal of Pension Management, Ed Waitzer, the Jarislowsky Dimma Mooney Chair in Corporate Governance at York University, Canada, argues the time has come for pension fund trustees and managers to lead rather than be dragged along. This article proposes a number of steps that can be taken to better align incentives and frame decision-making for longer-term perspectives.

 

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La Caisse’s oil exit pays off as renewables portfolio pulls ahead of fossil fuels

La Caisse’s oil exit pays off as renewables portfolio pulls ahead of fossil fuels

Divesting from the oil sector has been a boon for La Caisse’s performance, as the Canadian pension giant says its energy investments have earned billions in value-add compared to the benchmark since the inception of its climate strategy. Head of sustainability Bertrand Millot unpacks the fund’s approach in an interview with Top1000funds.com.

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Continuity, despite change, for FRR

France’s €36.3 billion Fonds de Réserve pour les Retraites has a positive outlook for Europe and is prioritising “de-carbonisation” and active strategies to position the portfolio for new trends.

The road ahead for sustainability

David Blood, co-founder of Generation Investment Management with Al Gore, has outlined five priorities to focus the sustainable investment effort on over the next five years.

Top1000Funds.com: PRI edition

Top1000Funds.com: PRI edition

Finance industry resting on its laurels

The finance industry has relied on its low barriers to entry, high fees and complex language that has created enduring principal/agent problems that restrict transparency and accountability.

GPIF announces boosted stewardship role

A year on from signing the PRI, the world’s biggest pension fund will seek discussion with non-Japanese asset owners regarding advances in environmental, social and governance practices.

Finance ‘not just about making money’

Nobel Laureate, Professor Robert Shiller, will speak at the Fiduciary Investors Symposium at Yale School of Management from October 23-25.

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