The practice of benchmarking the salaries of senior executives of institutional funds with reference to external financial services firms, instead of the shared objectives of the fund, is a major barrier to their success, according to Professor Gordon Clark of Oxford University and director of Smith School of Enterprise and the Environment. Clark sees the
Governance experts say that paying competitive salaries for internal staff will have benefits across the entire fund. For some, including those working in public sector pension funds or profit-to-member funds, that is unpalatable. But a comparison of salaries and total investment costs, between two large, different and high profile funds – Ontario Teachers and CalPERS
Good people are at the core of any successful organisation, and that is true for asset owners. Global chief investment officer of Towers Watson, Craig Baker discusses how designing and implementing structures that attract the right people in the right roles can unlock long-term sustainable advantages that the right investment team can offer. It
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