Publications

 

  • 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