Report
Recap: FCLT Summit 2025
March 6, 2025
At FCLT Summit 2025, business and investment leaders developed practical solutions for creating long-term value amid unprecedented structural shifts in global capital markets.
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Boards and executives of long-term funds, such as pension plans, sovereign wealth funds, and endowments need to manage their portfolios to meet their long-term purpose, which may be decades or more into the future.
Yet no fund has the luxury of looking only to that long-term time horizon. Each must also meet expectations in the near term in order to continue in its role and with its investment strategy. This challenge of meeting both long-term obligations and short-term expectations means that even the longest-term investor must manage across multiple time horizons. This necessity is often at odds with most risk processes, which have been developed to address short-term risks or to target long-term return—but not both.
FCLTGlobal, with input from its members, which include many of the world’s leading asset owners and investors, has raised this challenge as central to their ability to take advantage of their long time horizons. Too often, funds carefully set up long-term investment strategies, with a focus on meeting their ultimate purpose, only to shift to a short-term strategy in response to stressful market conditions.
Report
March 6, 2025
At FCLT Summit 2025, business and investment leaders developed practical solutions for creating long-term value amid unprecedented structural shifts in global capital markets.
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Report
September 30, 2021
In the last few years, it has become well accepted that climate risk is investment risk, and environmental, social and governance (ESG) linked assets have...
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Report
June 21, 2021
Expectations of long-term investors have expanded well beyond usual notions of their core purpose to include their impact on markets, society, and the environment. The...
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Report
December 18, 2019
A company's CFO has a unique ability to drive long-term value creation for the organization.
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Report
December 21, 2018
Boards and executives of long-term funds, such as pension plans, sovereign wealth funds, and endowments, have a challenging problem. They need to manage those portfolios...
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Article
April 22, 2024
Today, private sector executives from across the globe find themselves using the same word to mean different things. “Sustainability” has become shorthand for mitigating and...
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Article
October 19, 2023
Last month in Madrid, FCLTGlobal led a discussion at the International Forum of Sovereign Wealth Funds (IFSWF) on navigating disruptive megatrends.
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Article
May 12, 2023
It’s trendy to bemoan the fact that a third of Americans don’t have enough slack in their monthly budget to cover a surprise $400 expense....
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Article
March 27, 2023
“Do we mean to hold businesses or paper?” The question is one of the most compelling to emerge from Davos this year because its implications are...
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Article
November 15, 2022
With short-term pressures mounting, companies and investors are finding it more challenging than ever to focus on the long term.
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Article
August 2, 2022
FCLTGlobal reminds companies and their leaders that, despite the chop your ships are weathering, those who stay the course through uncertainty will be the ones...
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Article
August 23, 2021
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Article
March 30, 2021
On March 24th, 2021, FCLTGlobal led a risk focus group alongside Alison Taylor and Brian Harward, a team of behavioral scientists from Ethical Systems, an...
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Article
March 4, 2021
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February 1, 2021
Through the second phase of our risk research, FCLTGlobal hopes to learn from members why implementation is not happening, what is needed to increase it,...
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Article
January 25, 2021
In a decade-long low interest rate environment, riskier asset classes have seen accelerated asset gathering as savers chase yield.
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Article
August 24, 2020
A panel of global investors discusses market recovery and planning for volatility.
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Article
May 6, 2020
On 30 April, FCLTGlobal held a webinar for a peer-to-peer discussion on managing risk to support long-term value creation, specifically in light of the ongoing...
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Article
March 30, 2020
Thinking about the long term in the midst of a global pandemic may seem counter-intuitive, or just downright impossible. Here are some top suggestions for...
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Article
November 11, 2019
FCLTGlobal's process for developing tools to address long-term investment risk includes interviewing risk management experts.
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Article
July 9, 2019
On 30 May, FCLTGlobal Members and guests met in Boston for a peer-to-peer discussion on managing risk to support long-term value creation. The Forum on Risk:...
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Article
October 18, 2018
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Article
October 9, 2018
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Article
September 10, 2018
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Podcast
April 29, 2025
"The capital requirements to capture the growth opportunities in these trends are so significant that […] they outstrip what is available from governments and […]...
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Podcast
February 18, 2025
“If we continue to focus on prevention, if prevention becomes a mandatory part of an insurance solution, then climate can be properly priced again and...
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Podcast
October 2, 2023
“If you really think about investing as pattern recognition, you see a bunch of dots and you connect them, and you see them before other...
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Podcast
September 12, 2023
OTPP's Jonathan Hausman joins the podcast to explore the firm's focus on long-term strategies and their perspectives on the ever-evolving global economy.
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Podcast
June 5, 2023
Lucy Parker, Strategic Advisor at the Brunswick Group, and co-author of “The Activist Leader: A New Mindset for Doing Business” joins the Going Long podcast...
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Podcast
April 3, 2022
“If we can find the Warren Buffet of a given area, it doesn't really matter what asset class it is. That type of talent applied...
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Podcast
April 19, 2021
“Long-termism is our national ethos in Singapore.” Chow Kiat Lim, CEO of GIC, Singapore’s sovereign wealth fund, joins the podcast to share his views on...
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In the News
October 20, 2022
Many of today’s investors have been drilled in the basics of return and risk – or volatility, the traditional definition of “risk.” We know that...
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April 14, 2020
Markets in disarray are where long-term investors make their money. Investing countercyclically – when many others without long-term liquidity are selling – is a clear...
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Toolkit
August 26, 2020
FCLTGLOBAL has developed this guide as an extension of the Risk Conversation Guide published in Balancing Act: Managing Risk Across Multiple Time Horizons.
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Toolkit
August 9, 2020
An interactive R&D Scenario Engine that allows corporate boards, executives, and risk committees to determine their optimal R&D allocation between short, mid, and long-range projects....
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Toolkit
December 21, 2018
To facilitate discussions about managing portfolios to both meet long-term objectives and weather short-term risks, FCLTGlobal, with input from its members, has developed this Risk...
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Video
January 9, 2023
How does resilience factor into long-term performance?
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Video
December 7, 2022
This year's edition of FCLTCompass looks at the economics of recovery and observes how companies, investors, and national economies plan for a return to normalcy....
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Video
January 5, 2022
Crises happen. Long-term investors are more exposed to them simply by virtue of their long holding periods. Their task cannot be to avoid crises, so...
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Video
January 5, 2022
FCLTGlobal’s eight-episode risk webinar series encourages implementation of long-term tools from Balancing Act: Managing Risk Across Multiple Time Horizons and offers continuing professional education for...
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Video
December 9, 2021
On 9 December, FCLTGlobal hosted a webinar for the launch of the 2021 edition of FCLTCompass, our annual report and interactive dashboard that analyzes 10+...
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Video
May 17, 2021
In this final episode of FCLTGlobal’s risk-webinar series, we turn our attention to why long-term institutions manage investment risk in a multi-horizon way: because it...
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Video
May 3, 2021
Crises happen. Long-term investors are more exposed to them simply by virtue of their long holding periods. Their task cannot be to avoid crises, so...
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April 30, 2021
In this final episode of FCLTGlobal’s risk-webinar series, we turn our attention to why long-term institutions manage investment risk in a multi-horizon way: because it...
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Video
March 4, 2021
Forthcoming research examines societal income distribution in the statistical sense – such as its volatility, skewness, and kurtosis – and relates it to the macro...
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February 10, 2021
Forthcoming research examines societal income distribution in the statistical sense – such as its volatility, skewness, and kurtosis – and relates it to the macro...
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January 14, 2021
“Time diversification” is a principle that an investor’s statistical probability of loss decreases as the holding period increases. Long-term investors may overinterpret this statistical principle...
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Video
January 13, 2021
“Time diversification” is a principle that an investor’s statistical probability of loss decreases as the holding period increases. Long-term investors may overinterpret this statistical principle...
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Video
November 11, 2020
Climate change is the largest systemic risk in the view of many long-term investors, and investors are pioneering ways to address this risk, including work...
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November 11, 2020
Climate change is the largest systemic risk in the view of many long-term investors, and investors are pioneering ways to address this risk, including work...
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Video
October 26, 2020
An interview with Diedre Ypma, Managing Director at Neuberger Berman
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October 14, 2020
Standard-setting and certification represent defaults of a profession, and for the investment risk profession these functions belong to the CFA Institute’s Global Investment Performance Standards...
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Video
October 14, 2020
Standard-setting and certification represent defaults of a profession, and for the investment risk profession these functions belong to the CFA Institute’s Global Investment Performance Standards...
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Video
October 12, 2020
For many investors, asset allocation begins with an estimate of volatility, producing the most stable portfolio of assets that still can earn the target return....
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September 9, 2020
For many investors, asset allocation begins with an estimate of volatility, producing the most stable portfolio of assets that still can earn the target return....
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Video
September 9, 2020
For many investors, asset allocation begins with an estimate of volatility, producing the most stable portfolio of assets that still can earn the target return....
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August 24, 2020
A panel of global investors discusses market recovery and planning for volatility.
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August 12, 2020
In the first installment of our new Risk Webinar Series, Ahren Estabrooks (Ontario Teachers’ Pension Plan), Carol Geremia (MFS), and Daniel Godfrey (Federated Hermes) discussed...
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Video
March 23, 2020
Interviews from our members on how they assess, manage, and plan for long- and short-term portfolio risk.
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November 5, 2019
An interview with Will Hetherton, Head of Public Affairs & Strategic Relations at Future Fund, Australia’s sovereign wealth fund.
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Video
July 9, 2019
An interview with with Rocky Ieraci and Steven Richards from the Canada Pension Plan Investment Board.
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Video
July 9, 2019
An interview with with Fred Gjerstad from Washington State Investment Board.
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