Media Releases

Winning the war against short-termism is the focus of the new issue of the Rotman International Journal for Pension Management

September 30, 2014

TORONTO, ON – It’s a sim­ple con­cept. Because our com­mit­ment to pay pen­sions goes out decades, so should our time hori­zon for think­ing about invest­ing. The Fall 2014 issue of the Rot­man Inter­na­tion­al Jour­nal for Pen­sion Man­age­ment takes a look at “Long-Ter­mism and Pen­sion Man­age­ment” on how a new approach can pro­vide suc­cess­ful pen­sion invest­ment returns as well as ben­e­fit the entire glob­al econ­o­my.

“The arti­cles in this issue col­lec­tive­ly show, long-ter­mism is indeed a crit­i­cal suc­cess ele­ment both in pen­sion invest­ing and in pen­sion design,” says jour­nal edi­tor Kei­th Ambacht­sheer. “And there are real-life cas­es of remark­able long-term invest­ment results that can be traced direct­ly back to investors’ will­ing­ness and abil­i­ty to actu­al­ly prac­tice long-ter­mism over extend­ed peri­ods.”

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

In addi­tion to an arti­cle by Ambacht­sheer on The Case for Long-Ter­mism, arti­cles in the Fall 2014 issue cov­ers top­ics from han­dling cli­mate change risk to suc­cess­ful pen­sion design.

  • A guest edi­to­r­i­al – From Skep­tic to Cau­tious Opti­mist: A Practitioner’s View of Long-Ter­mism by There­sa Whit­marsh;
  • Asset Allo­ca­tion and Bad Habits by Andrew Ang, Amit Goy­al, and Antti Ilma­nen;
  • Recon­nect­ing the Finan­cial Sec­tor to the Real Econ­o­my: A Plan for Action by Edward J.Waitzer and Dou­glas Sar­ro;
  • Rethink­ing Invest­ment Per­for­mance Attri­bu­tion by Jagdeep Singh Bach­her, Leo de Bev­er,

Roman Chuyan, and Ash­by Monk

  • How Should Investors Man­age Cli­mate-Change Risk? by Howard Cov­ing­ton and

Raj Thamother­am;

  • Bar­ri­ers to Long-Term Cross-Bor­der Invest­ing: A Sur­vey of Insti­tu­tion­al Investor Per­cep­tions by Rachel Har­vey, Patrick Bolton, Lau­rence Wilse-Sam­son, Li An, and Frédéric Sama­ma;
  • Demys­ti­fy­ing Pen­sion Design: Clear­er Prin­ci­ples Fos­ter Bet­ter Prac­tices by Thomas van Galen, Theo Kock­en, and Ste­fan Lund­bergh; and,
  • Reform­ing Amer­i­can Pub­lic-Sec­tor Pen­sion Plans: Truths and Con­se­quences by Roel Beets­ma, Zina Lekniute, and Eduard Ponds.

Jour­nal arti­cles are avail­able at no charge online at  or as a flip­book at Arti­cles can also be down­loaded from SSRN at

The next issue of the Jour­nal is sched­uled for release in Spring 2015.

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


For more infor­ma­tion:

Ken McGuf­fin
Man­ag­er, Media Rela­tions
Rot­man School of Man­age­ment
Uni­ver­si­ty of Toron­to
Voice 416.946.3818
Fol­low Rot­man on Twit­ter @rotmanschool
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