Rotman school launches governance program…

Enhancing board effectiveness and governance of pension funds and other “long-horizon investment institutions” is the focus of a new program at the University of Toronto’s Rotman School of Management.

Aimed at trustees, the program – Board Effectiveness Program for Pension and Other Long-Horizon

Investment Institutions – will cover organisation mission, the roles of board and management, investment beliefs, the management of risk, organisation design, and human resource management including compensation.

Keith Ambachtsheer, director of Rotman International Centre for Pension Management and academic director of the new program, says it is not surprising the governance and management of these funds has become more complex as they have grown into investment giants.

“There is evidence suggesting many governing boards and managements are stuggling to keep up with the implications of this growing complexity. The program will provide the tools needed for directors to address key strategic issues of their organisations including providing an opportunity to build an international network for dialogue among themselves.”

Details of the program, which will begin in November, can be found here

Sponsored Content

Leave a Comment

Sort content by

CalPERS’ absolute return mess

Wilshire’s annual review of CalPERS’ internal risk managed absolute return strategies (RMARS) has revealed a number of anomalies compared with its other global equity investments, including an over-reliance on quantitative tools and inadequate staff compensation incentives. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

Swedish pension fund collaboration to influence local market

Four of Sweden’s national pension funds (AP1-4) have collaborated with another nine investors to form the Swedish arm of The Sustainable Value Creation, and have already begun surveying the top 100 companies on the NASDAQ OMX Stockholm regarding their governance policies and sustainable value creation. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

Crisis will force private real estate to go public

Tight credit conditions in the US will diminish the private sector’s monopoly on residential and commercial property, driving assets into public markets and real estate investment trusts (REITs) loaded with cash from a spate of capital raisings. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

Commodity investing: papering over the problems

As funds globally review their investment policies, investment consultants are now strongly endorsing commodity investment, with funds generally planning a staged 3 to 6 per cent strategic allocation into commodities. Writing exclusively for conexust1f.flywheelstaging.com, chairman of Mountain Pacific Group, Ronald Liesching, traces the history of commodity investing, highlighting the risks and benefits for pension fund

Russell changes tune on TAA

After a long history of opposition to tactical asset allocation, Russell Investments has not become a convert but is allowing for a “slower twitch” version of the discipline, says global chief investment officer of the consultant and multimanager, Peter Gunning. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

ATP staff reduce own CO2 emissions

Each employee of the $110 billion Danish fund, ATP has saved the environment 300 kilograms of CO2 in one year, according to its first climate change report, which coincides with the fund’s strategic move to focus on climate and environmental considerations within its investment policy. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

Previous