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Archive for the ‘Governance & Regulation’ Category


Governance checklist for today’s fiduciaries

Corporations are delegating more of their asset management responsibilities than ever. How does increased delegation affect fiduciary oversight?     Delegation   Defined benefit plans, defined contribution plans, endowments and foundations are delegating more of their asset management responsibilities than ever. Tasks that were once the purview of an investment committee (e.g., manager selection and

A new approach to reduced-carbon portfolios

Environmental, social and governance (ESG) investing has led to a spike in reduced-carbon portfolios. Emily Steinbarth, a member of the ESG Knowledge Specialists team at Russell Investments, discusses our latest insights into global decarbonisation strategies. Is it possible that the standard approach to reduced-carbon portfolios may actually be lowering exposure to carbon alternatives?   A

Problems of plenty: Can active managers manage their AUM?

It’s no secret that Russell Investments expects active managers with relatively low assets under management to have better average performance. But as Director of Investment Strategy and Research, Leola Ross explains, increasing assets under management is not necessarily the kiss of death.   We’ve been talking a great deal recently about the debate between active

Proxy voting and the effective functioning of markets

While the world’s attention is focused on the US Presidential elections this week, this post addresses a different kind of voting: shareholder voting. Proxy voting In Developed equity markets, we have seen a progressive fall in individual share ownership. For instance, in the UK, the Office for National Statistics now estimates that UK individuals own

Nov 7, 2016 Categories: Governance & Regulation
Is the social responsibility of business making money?

Is the social responsibility of business simply to increase its profits?

The title of this post echoes a famous Milton Friedman article written in 1970. Peter Drucker, however, argued that while profit is the first responsibility of a corporation, it is not the only one. Forty–plus years later, this exchange is still relevant in the arena of ESG investment. The first responsibility—or the only responsibility? Milton

Oct 19, 2016 Categories: Governance & Regulation

Could bounded responsibility push responsible investing into the mainstream?

Responsible investing* continues to grow. But although the concept has its advocates, many large European and U.S. institutional investors have no policy with regards to responsible investing, and no intention of creating one. Bounded responsibility Among many institutional investors, responsible investing is not truly mainstream. The current situation is bifurcated: in or out. Investors in

Quantitative easing: Draghi and the ECB opt for moderate approach

So the divergence of central banks continues. On Dec. 3 the European Central Bank (ECB) took the widely anticipated step of providing more stimulus to the European economy. It’s the first move in a December pas de deux that we expect will include a hike in U.S. interest rates after the Dec. 15-16 meeting of

What do FDs think of trustees – the good the bad and the ugly part 1

So what do FDs think of trustees? Well it was certainly no easy task but we managed to pin down 261 in our first ever FD survey and gather consensus on their views of the decision-making practices of defined benefit trustees. We’ve previously surveyed trustees on the same topic and I’m going to compare and

How Good Governance makes you an investment guru

This is a blog by a guest author which was first published on Mallowstreet, a specialist site for pension professionals, on 7th October 2015 following the Russell Mallowstreet University dinner on Governance. “How Good Governance makes you an investment guru….. or how bad Governance will only ever let you get it right by sheer fluke.

Oct 30, 2015 Categories: Governance & Regulation

Saving for retirement – so what’s to smile about? Blog 2

Saving for retirement – so what’s to smile about? In my first blog of this series I talked about how saving for retirement was tough given the huge expenses we all run up. However alls well that ends well ….and if you do put away more now then the bigger your retirement smile will be

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