Good governance by institutional asset owners makes a significant incremental difference
to value creation as measured by their long-term risk-adjusted rate of return. Drawing upon …

This article presents a framework intended to provide pension funds with practical guidance
for the successful implementation of a sustainable investing strategy. The framework is …

Investment efficiency is a function of the risk, return and total cost of an investment management
structure, subject to the fiduciary and other constraints within which investors must …

The global financial crisis has posed profound threats to pension welfare worldwide. This is
particularly so in the United Kingdom with the closure of private defined benefit plans, and …

Universal owners are asset owners who recognize that through their portfolios they own a
slice of the whole economy and the market. They adapt their actions to enhance the return …

Understanding human behavior and cognitive biases are important elements in designing
effective governance structures. The authors are guided by this reality in proposing a …

In recent years, many institutional investors have been increasingly recognizing that the long-term
sustainability of their investments matters. Environmental, Social and Governance (…

Good governance by institutional fund asset owners makes a significant incremental difference
to value creation as measured by their long-term risk-adjusted rate of return. Drawing …

The design and governance of pension funds is an important topic of academic research and
public policy and has significant implications for the welfare of participants. Here we focus …

This paper presents a framework intended to provide pension funds and other institutional
funds with practical guidance to their specific allocations to strategies in the fields of …