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CalPERS gives its managers ESG ultimatum

In what promises to be a transformational moment for ESG integration and investment manager accountability, CalPERS will require all of its managers to identify and articulate ESG in their investment processes. CalPERS staff led by Anne Simpson, senior portfolio manager and director of global governance, presented the ESG manager expectations, and draft sustainable investment guidelines, […]
Amanda WhiteMay 22, 2015
Governance

Invert the business model to focus on members: Ambachtsheer

There is a lot more work to do in raising the quality of governance of pension boards around the world, Keith Ambachtsheer told a conference of Australian superannuation fund trustees and staff last week. “We have to stop thinking about organisational needs and think about member needs. The business model must invert from serving organisational […]
David RowleyNovember 18, 2014
Sustainability

Investigating long-term mandates

The PRI is investigating the experiences of asset owners that have engaged service providers in long-term mandates, and conducting a literature review on long-termism, in a bid to develop a reference guide on how to implement a long-term mandate and drive long-term behaviour.   Managing director of PRI, Fiona Reynolds, said the starting point, and […]
Amanda WhiteAugust 15, 2014
FIS Amsterdam 2013

PFZW: new beliefs
for a new world

The €140-billion ($191-billion) Dutch pension fund PFZW is in the midst of completely rethinking its investment philosophy, Jaap van Dam, managing director of PGGM, told the Fiduciary Investors Symposium in Amsterdam. PGGM manages the investments of PFZW and has traditionally guided them. Van Dam explains that ownership of the investment strategy is to shift decidedly […]
Dan BillinghamOctober 22, 2013
WPF Risk Summit

Innovating investment beliefs

The concept of investment beliefs is the basis for strategic management and, while widely used in other parts of the world, is “innovative” from a US perspective, Allan Emkin, managing director of Pension Consulting Alliance, says. In a session at the Risk Summit, convened by World Pension Forum and Conexus Financial, publisher of conexust1f.flywheelstaging.com, Emkin […]
Amanda WhiteAugust 28, 2013
Uncategorised posts

Building consensus for investment beliefs at CalPERS

An investment-beliefs workshop for the CalPERS board, held in April, revealed five areas, including active management, where the views of the board and staff lacked consensus. The contentious, or unsettled, topics for discussion were active management, private asset classes, sustainability (environmental, social and governance), investment performance targets and stakeholder considerations. At the board workshop, Janine […]
Amanda WhiteMay 10, 2013
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