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Editorial

Equity risk expectations – a response to short-termism

Solving short-termism is being held up by the institutional investment industry as some sort of performance saviour. There have been many attempts at uncovering the problems of, and offering solutions to, short-termism with numerous reviews, conferences and papers discussing the need for long-term investing. These include the incentives and behaviour of asset owners, asset managers […]
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CalSTRS’ governance work recognised

Without full proxy access on the corporate ballot, broader shareholder activity such as majority vote and compensation alignment are set back, according to corporate governance director at CalSTRS, Anne Sheehan, who together with chief executive, Jack Ehnes, has been named on the National Association of Company Directors’ list of 100 most influential corporate governance leaders.
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Ag investors release responsible investment principles

A group of eight institutional investors has launched a guiding set of principles for responsible investment in farmland, which forms part of a UN-backed Principles for Responsible Investment (PRI) push to provide practical guidelines for specific asset classes.
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Dutch reforms ‘flawed’, warns Ambachtsheer

The pension thought-leadership mantle held by The Netherlands has been called into question by the new Dutch pension accord, according to commentary in the latest Ambachtsheer Letter, which details perceived design flaws in the accord.
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Industry fails to go “Gaga” on social media

Recent ructions in financial markets may have increased the worries of many asset managers but you are unlikely to see them telling the world about their glide path plans or their fat tails risks on a social media site, a new survey has found.
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CalPERS collaborates on enterprise risk assessment

The speed with which CalPERS can fulfil its desire to become a risk intelligent organisation has been given a reality check with discussions between the Californian fund and TIAA-CREF revealing it takes two to five years to fully implement an effective enterprise risk-management structure, and importantly a risk intelligent culture in an organisation.