How Large Pension Funds Organize Themselves: Findings from a Unique 19-Fund Survey

8 Pages Posted: 18 May 2012

See all articles by Jody MacIntosh

Jody MacIntosh

CEM Benchmarking Inc.

Tom Scheibelhut

CEM Benchmarking Inc.

Date Written: Spring 2012

Abstract

This article documents the organizational and compensation structures of 19 major pension funds around the world. Among the study’s key findings are that more internal management is associated with greater fund size, lower operating costs, and higher net returns; internal compensation levels vary considerably around the globe; and the majority of fund’s Boards of Directors continue to lack diversity. Looking ahead, the authors find that risk management is the number-one Board concern.

Keywords: Compensation, Cost, Internal Management, Organizational Design, Pension Fund

Suggested Citation

MacIntosh, Jody and Scheibelhut, Tom, How Large Pension Funds Organize Themselves: Findings from a Unique 19-Fund Survey (Spring 2012). Rotman International Journal of Pension Management, Vol. 5, No. 1, p. 34, 2012, Available at SSRN: https://ssrn.com/abstract=2062399

Jody MacIntosh (Contact Author)

CEM Benchmarking Inc. ( email )

80 Richmond Street West, Suite 1300
Toronto ON, M5H 2A4
Canada

Tom Scheibelhut

CEM Benchmarking Inc. ( email )

80 Richmond Street West, Suite 1300
Toronto ON, M5H 2A4
Canada

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