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The diminishing role of agents

I’ve always been frustrated by interviewing consultants and the lack of conviction they have about their decisions. “What would your ideal model portfolio look like?” I constantly ask. “It depends on the client” is the predictable and consistent answer. That may be valid, even true, but it speaks to a wider problem. Consultants are hired […]
Amanda WhiteOctober 4, 2013
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 […]
Amanda WhiteMarch 15, 2013
Uncategorised posts

Over the industry? Change it

The pension and funds management industry is self-serving. There are too many players, there’s too much jargon, too much leakage and too much patting each other on the back. And that’s not just my opinion: the results of a 12-month research project, across 60 countries and more than 3000 investors concur. The research by State […]
Amanda WhiteNovember 16, 2012
Uncategorised posts

De-worming the Big Apple

A few weeks ago I had a meeting with Ranji Nagaswami, chief investment advisor to New York City mayor, Michael Bloomberg. She’s the first mayoral chief investment adviser in NYC to oversee pensions and investments, an area that is usually the domain of the comptroller. She is an experienced and dynamic enthusiast with ideas galore […]
Amanda WhiteJune 20, 2012