• 21/12/18

    Balancing Act: Managing Risk across Multiple Time Horizons

    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 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.
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    • Risk
  • 06/12/18

    FCLTGlobal Review 2018: Laying the Foundation for the Long Term

    Our year-end report summarizes many of FCLTGlobal’s milestones since our founding, including our notable research publications, our global events, and the contributions of the Member organizations that have guided us along the way. This Review provides a more complete picture of how we approach the issue of short-term behavior through research and analysis, and the professional organization we have built to address it.
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  • 05/12/17

    Institutional Investment Mandates: Anchors for Long-term Performance

    Asset owners--the cornerstones of the investment ecosystem--often have very long-term investment goals, such as funding liabilities, building an endowment for perpetuity or providing for subsequent generations. For some of these asset owners, especially pension and retirement funds, these goals reflect the long-term needs of individual plan members who rely on these institutions to safeguard and build the savings which they will rely on down the road. Ensuring assets are managed in line with these long-term horizons is critical to achieving these goals. This presents a challenge, however, because assets are often managed by asset managers, distinct from the asset owners, and they may have different time horizons, incentives, and goals.
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    • Investment Mandates
  • 23/10/17

    Moving Beyond Quarterly Guidance: A Relic of the Past

    Since 2005, research has consistently found that the vast majority of corporate executives think that short-term pressure is growing, that it is changing their business decisions, and that those changes are destroying value. One effective way that corporations are combating this phenomenon is by moving away from quarterly earnings per share (EPS) guidance and instead providing investors with a long-term road map focused on the fundamental economic drivers of the business tied to management’s outlook on critical key performance indicators (KPIs).

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    • Quarterly Guidance
  • 08/02/17

    Measuring the economic impact of short-termism

    Released with the McKinsey Global Institute, McKinsey & Company's business and economics research arm, and based on an analysis of over 600 large and mid-cap U.S. publicly listed companies from 2001 to 2015, this paper provides systematic evidence that a long-term approach can lead to superior performance for revenue and earnings, investment, market capitalization, and job creation.

    If you would like to share  comments on this report, please email: [email protected]

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  • 28/09/16

    Rising to the challenge of short-termism

    A survey of over 1,000 C-suite executives and board members from across the world reveals growing short-term pressures from an evolving number of causes. Perceptions of excessive short-termism are real, and are affecting the most fundamental decisions boards and corporate executives make. 

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  • 02/09/16

    Long-term value summit discussion report

    Insights from FCLT's Long-Term Value Summit, where more than 120 senior global leaders from all parts of the investment value chain, including asset owners, asset managers, corporate boards and management, met in New York in March 2015.


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  • 28/08/16

    Where boards fall short: Harvard Business Review

    Most directors don’t understand the company’s strategy and prioritize short-term gain at the expense of creating long-term value. Dominic Barton and Mark Wiseman recommend four essential changes.
    Read More Dominic Barton , Mark D. Wiseman
  • 14/06/16

    Perspectives on the long term

    We invited over 25 of the world's foremost economic actors, including CEOs, board members, investors, and regulators, to present their views about what it will take to change the current system.
    Read More Dominic Barton , Paul Polman , Mark D. Wiseman
  • 19/04/16

    Global survey of business leaders

    FCLT's 2013 global survey of board members and executives highlights their views on the need for long-term value creation and the causes and risks of short-termism in asset markets and in business.
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  • 19/03/16

    The advantages of being a long-term investor

    Sue Brake and Rishab Sethi of the New Zealand Superannuation Fund provide their perspectives on what it means to be a long-term investor, why NZSF is a long-term investor, and the advantages of being a long-term investor.
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