The evolving legal and ethical definition of an asset owner's duty.
The Institutions for Occupational Retirement Provision Directive (IORP II) represents the EU's most significant overhaul of pension fund regulation in over a decade. We explain what it means for institutional investors and long-term capital allocators.
The European Commission's SFDR 2.0 proposal substantially expands ESG reporting obligations and product classification rules, affecting all EU-domiciled asset managers and third-country firms distributing funds in Europe. The overhaul introduces mandatory climate scenario analysis, stricter greenwas
IFRS S1 standardises how companies disclose governance and strategy on sustainability matters material to financial performance. Adopted by 147 countries' regulators, it represents the largest governance shift in corporate reporting since Sarbanes-Oxley.
Two competing fiduciary-process models are hardening on opposite sides of the Atlantic
The weekly briefing on fiduciary duty for the world's largest owners.
Family office fiduciary duties mirror pension fund obligations but operate in a more concentrated ownership structure. Understanding these duties—and their limits—is essential for protecting family capital across generations.
Endowment fiduciary duty imposes strict legal obligations on trustees and investment committees to maximize long-term returns, act without conflicts, and preserve capital for future generations. Standards vary by state law and charter.
Long-term asset owners now interpret fiduciary duty as extending to future beneficiaries, not just current members. This shift reshapes how the world's largest pension funds approach climate risk, systemic sustainability, and decades-long capital allocation.
Fiduciary duty forms the legal and ethical foundation of pension fund management. We examine statutory obligations, trustee responsibilities, and governance implications for long-term allocators.
Duty of care requires institutional investors to act with competence and diligence when managing capital. We examine the legal framework, practical implementation, and how major asset owners structure governance to meet this obligation.
Pecuniary factors—monetary elements that influence investment decisions and fiduciary obligations—are central to institutional governance. Understanding their scope determines compliance with duty-of-care standards and allocation transparency.
A fiduciary standard legally binds advisers to prioritize client interests above profit. Understanding its scope and enforcement is critical for institutional investors evaluating adviser relationships and governance frameworks.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
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