Media Releases

Reinventing the investment paradigm is the focus of the fall issue of the Rotman International Journal for Pension Management

October 1, 2013

TORONTO, ON – The new issue of the Rot­man Inter­na­tion­al Jour­nal of Pen­sion Man­age­ment takes a look at “rein­vent­ing the invest­ment par­a­digm” in the pen­sions world from a num­ber of dif­fer­ent per­spec­tives includ­ing behav­ioral finance, prin­ci­pal-agent con­flicts, fidu­cia­ry duties of asset own­ers, cor­po­rate gov­er­nance, invest­ment time hori­zon, risk man­age­ment and col­lab­o­ra­tion strate­gies between insti­tu­tion­al investors.

With con­tri­bu­tions from pen­sion prac­ti­tion­ers and aca­d­e­mics, the jour­nal is pub­lished by the Rot­man Inter­na­tion­al Cen­tre for Pen­sion Man­age­ment (Rot­man ICPM) at the Rot­man School of Man­age­ment, Uni­ver­si­ty of Toron­to.

“The arti­cles in this issue demon­strate that we are mov­ing towards a new invest­ment par­a­digm where pen­sion funds take a long hori­zon approach to val­ue cre­ation that leads to both the com­pa­nies they invest in, and their own ben­e­fi­cia­ries being bet­ter served,” says Jour­nal edi­tor, Kei­th Ambacht­sheer who is also Direc­tor of Rot­man ICPM and an adjunct pro­fes­sor of finance at the Rot­man School.

Arti­cles in the Fall 2013 issue include:

• A guest edi­to­r­i­al on Mea­sur­ing What Mat­ters Most in Invest­ing by Don Ezra;
• Why Do Investors Favor Active Man­age­ment to the Extent They Do? by Ron Bird, Jack Gray, and Mas­si­mo Scot­ti;
• Behav­ing Like an Own­er: Plug­ging Invest­ment Chain Leak­ages by Jane Ambacht­sheer, Richard Fuller, and Divyesh Hin­docha;
• Pen­sion Fidu­cia­ries and Pub­lic Respon­si­bil­i­ties: Emerg­ing Themes in the Law by Edward J. Wait­zer and Dou­glas Sar­ro;
• The Val­ue of Gov­er­nance by Ani­ta Anand;
• Ten Strate­gies for Pen­sion Funds to Bet­ter Serve Their Ben­e­fi­cia­ries by Kei­th Ambacht­sheer and Rob Bauer;
• Effec­tive Investor Col­lab­o­ra­tion: Enlarg­ing the Shad­ow of the Future by Danyelle Guy­att; and,
• Allo­cat­ing Risk Cap­i­tal: The Case of New Zealand Super­an­nu­a­tion Fund by David Iver­son and Rena­to Staub.

Jour­nal arti­cles are avail­able at no charge online at www.rijpm.com/journal/journal/ or as a flip­book at http://digital.utpjournals.com/i/177954. Arti­cles can also be down­loaded from SSRN.

The next issue of the Jour­nal is sched­uled for release in Spring 2014.

The mis­sion of the Rot­man Inter­na­tion­al Cen­tre for Pen­sion Man­age­ment (Rot­man ICPM) is to be an inter­na­tion­al­ly-rec­og­nized, high-impact cat­a­lyst for fos­ter­ing effec­tive pen­sion design and man­age­ment. Its four pri­ma­ry tools to achieve this goal are the fund­ing of objec­tive and trans­for­ma­tive research, the orga­ni­za­tion of inter­ac­tive, action-ori­ent­ed dis­cus­sion forums, the pub­li­ca­tion of a read­able jour­nal rel­e­vant to pro­fes­sion­als in the pen­sions and relat­ed fields, and the deliv­ery of the globe’s lead­ing gov­er­nance edu­ca­tion pro­gram for Board mem­bers of pen­sion and oth­er long-hori­zon invest­ment insti­tu­tions. Fur­ther details on the Cen­tre, includ­ing access to the Rot­man Jour­nal of Inter­na­tion­al Pen­sion Man­age­ment, are avail­able at www.rotman.utoronto.ca/icpm/.

The Rot­man School of Man­age­ment at the Uni­ver­si­ty of Toron­to is redesign­ing busi­ness edu­ca­tion for the 21st cen­tu­ry with a cur­ricu­lum based on Inte­gra­tive Think­ing. Locat­ed in the world’s most diverse city, the Rot­man School fos­ters a new way to think that enables the design of cre­ative busi­ness solu­tions. The School is cur­rent­ly rais­ing $200 mil­lion to ensure Cana­da has the world-class busi­ness school it deserves. For more infor­ma­tion, vis­it www.rotman.utoronto.ca.

-30-

For more infor­ma­tion, con­tact:

Ken McGuf­fin
Man­ag­er, Media Rela­tions
Rot­man School of Man­age­ment
Uni­ver­si­ty of Toron­to
Voice 416.946.3818
E‑mail mcguffin@rotman.utoronto.ca
Fol­low Rot­man on Twit­ter @rotmanschool
Watch Rot­man on You Tube: www.youtube.com/rotmanschool