short-term

Equities

Fiduciary duty in dysfunctional markets

Phil Edwards and Paul Woolley argue that if asset owners exhibit a more effective application of fiduciary duty to curb performance-chasing by verifying the implicit time horizon of the strategies adopted by the asset managers they employ, they could incentivise a shift towards longer horizons within financial markets with both private and social benefits.

Philip Edwards and Paul WoolleyJune 22, 2021

From the CIO’s chair

Nationwide ignores disruptions, succeeds

The Nationwide Pension Fund restructured its C&D section with a strategy that slowly cut risk over time and ignored the many recent disruptions to global markets. The results were impressive.

Mark HedgesMay 9, 2017

Investment Think Tanks

Long-term investors should favour value: LSE academics prove why

The ultimate combination of value and momentum strategies depends on the investors’ time horizon, with a new institutional theory rationally explaining these anomalies by investor flows. Dimitri Vayanos, professor of finance at the London School of Economics explains why this theory can add to the practical debate of what is the best asset mix for […]

Amanda WhiteJune 18, 2014

Uncategorised posts

Focusing on the long term: asset owners need to step up

Asset owners must step up and “join the fight” to end the focus on short-term results by companies and investment firms. Four practical steps to make this happen are outlined by president and chief executive of the Canada Pension Plan Investment Board, Mark Wiseman, and global managing director of McKinsey, Dominic Barton, in the most recent […]

Amanda WhiteJanuary 17, 2014