Independent reporting on fiduciary duty, climate, stewardship and systemic risk for the institutions that allocate the world's long-term capital.
The sole interest rule is the legal cornerstone of pension fund fiduciary duty. We examine its application across institutional asset owners and the governance tensions it creates in an era of sustainable investing.
Shareholder resolutions are the primary mechanism through which long-term institutional investors exercise stewardship. We explain mechanics, voting thresholds, and real-world outcomes affecting capital allocation.
Institutional investors face a strategic choice: engage with portfolio companies to drive change, or divest and reallocate capital. The evidence suggests most asset owners pursue engagement as the primary lever, with divestment as a secondary tool.
The prudent person rule governs how institutional investors must manage beneficiary assets. We explain its legal origins, application to asset allocation, and implications for long-term capital deployment.
The prudent investor rule sets the legal floor for fiduciary conduct in institutional investing. Understanding its application—and its limits—shapes governance and liability exposure for CIOs and investment committees.
Proxy voting enables institutional investors to exercise shareholder rights remotely. Understanding voting mechanisms, advisor recommendations, and stewardship obligations is critical for CIOs managing fiduciary governance.
Institutional investors face a fundamental allocation choice: optimizing purely for monetary returns versus incorporating non-monetary drivers of long-term value. This distinction reshapes fiduciary duty frameworks.
ISS and Glass Lewis dominate proxy advisory services for institutional investors. This analysis compares their market position, governance frameworks, and material influence on shareholder voting outcomes.
US legal doctrine and regulatory guidance confirm ESG integration aligned with financial materiality strengthens fiduciary duty. The debate now centers on which ESG factors constitute material risks.
Intergenerational equity investing embeds multi-decade time horizons into portfolio construction. We examine how the world's largest pension funds and sovereign wealth funds operationalize this fiduciary duty.
Fiduciary duty and duty of care are distinct legal concepts that asset owners must differentiate. We examine the separation, legal standards, and governance implications for long-term capital allocators.
Fiduciary duty is the cornerstone of institutional asset management. Understanding its scope, legal basis, and practical application is essential for CIOs, trustees, and portfolio managers overseeing trillions in capital.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
Five minutes, five days a week. Free. Built for institutional capital.
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