The Journal Autumn 2009

A collection of articles on relevant and topical investment, pensions and governance issues
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Diminished Returns
Niall Ferguson

Major financial crises are nothing new. The important thing, warns Niall Ferguson, author of “The Ascent of Money: A Financial History of the World” is not to overreact with over-regulation in response.

Niall Ferguson is a professor at Harvard University and the Harvard Business School and the author most recently of “The Ascent of Money: A Financial History of the World.” Originally published 14th June 2009 www.niallferguson.com
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The Pensions Governance Deficit : Still with us
Keith Ambachtsheer, Ronald Capelle, and Hubert Lum

A further study led by Keith Ambachtsheer into the quality of pension fund governance which once again shows a positive correlation between governance quality and fund performance.

Keith Ambachtsheer is Director of the Rotman International Centre for Pension Management and Adjunct Professor of Finance at the Rotman School of Management, Ununiversity of Toronto. Dr Ronald Capelle is President of Capelle Associates, Toronto. Hubert Lum was Director of Research at CEM Benchmarking at the time of this study.
Originally published in the Rotman International Journal of Pension Management Fall 2008 www.rotman.utoronto.ca/icpm
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Making Pension Boards Work: The critical role of leadership
Gordon Clark and Roger Urwin

Gordon Clark and Roger Urwin propose a framework to better understand the collective decision-making process of pension fund trustees.

Gordon Clark is Halford Mackinder Professor of Geography at Oxford University and Head of the Oxford University Centre for the Environment.
Roger Urwin was Global Head of Investment Consulting at Watson Wyatt.
Originally published in the Rotman International Journal of Pension Management Fall 2008 www.rotman.utoronto.ca/icpm
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Asset Allocation - the big challenge
Joseph Mariathasan

Joseph Mariathasan calls for an open and informed debate to challenge some of the traditional assumptions about and approaches to pension fund asset allocation.

Joseph Mariathasan is a financial services journalist and strategy consultant.
This article was originally published in Professional Pensions on 13th August 2009
www.professionalpensions.com
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