A long-term investor has an advantage that lies in the skill to identify divergences between price and value in markets, and the willingness to wait for a convergence to take place.
Willis Towers Watson’s report on the top 300 pension funds for 2016 shows the world’s largest 20 funds have increased their share of global pension assets under management by 7.1 per cent.
A study of organisational behaviour at 15 of the world’s leading funds found best-practice ideas in risk management and sustainability, along with common challenges in areas such as diversity.
In theory, closed-end funds should outperform over long horizons – they can avoid forced sales. But in practice, lack of monitoring and alignment can lead to agency costs and underperformance.
Will long-term GDP growth behave like bacteria in a petri dish or rabbits on a deserted island? The answer has implications for investors attempting to construct sustainable portfolios.
When an exchange-traded fund isn’t closely matched by its underlying components, liquidity can dry up, credit risks can emerge, and other factors can eat away at expected returns.
Panellists discuss what drives transformational change, the obstacles asset owners face when instituting it in their culture or operating models – and the benefits of getting it right.
The link between better governance and stronger returns lies somewhere between faith and fact; however, in a historically tough climate, the argument for best practice seems overwhelming.
Investors should not rely on investment theory because the complex and connected risks in the real world cannot fully be accounted for, says Tim Unger, of Willis Towers Watson.
The Future Fund knows exactly where its leadership team’s cognitive strengths, and weaknesses, lie. Does your fund?
It’s all very well to have diversity, but most people lack the tools for how to get the best out of a diverse team. Instead the reverse is true and diversity can lead to an unlevel playing field.
Experts at the Thinking Ahead Institute outline the pitfalls of implementing team diversity, , when too much diversity fails us, and how organisations can be champions for change.