UK - Asset managers are inefficiently allocating capital on behalf of pension funds because of a disproportionate focus on short-term performance relative to the investment horizon of the fund, according to the Marathon Club.
Sir Graeme Davies, chairman of the Marathon Club and the Universities Superannuation Scheme (USS), said by holding beauty parades and appointing investment managers on three year mandates, pension ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
