Long-Term Investing by Pension Funds. How to Effectively Design and Implement Mandates: A Dutch Case Study

19 Pages Posted: 16 Dec 2019

See all articles by Alfred Slager

Alfred Slager

Tilburg University - TIAS School for Business and Society

Marcel Jeucken

affiliation not provided to SSRN

Date Written: November 28, 2019

Abstract

Pension funds are increasingly trying to embed long-term investing choices within their portfolios. Many publications focus on the rationale for long term investing; however, it remains unclear what long term investing actually is, what sets it apart from the current way of investing, and how it should add value. The purpose of this paper is to provide a practical framework for pension fund trustees aiming to bolster and implement long term investing. In doing so, the paper’s contribution is that we choose the trustee’s perspective, build on different existing election and monitoring frameworks, and argue that pension boards have more instruments at hand to implement long-term investing.

Keywords: Pension Fund, Asset Management, Investment Mandate, Long-term Investing, ESG, Investment Process, Investment Governance, Selection and Monitoring, Organizational Design

JEL Classification: D81, G10, G11, G23, G41

Suggested Citation

Slager, Alfred and Jeucken, Marcel, Long-Term Investing by Pension Funds. How to Effectively Design and Implement Mandates: A Dutch Case Study (November 28, 2019). Available at SSRN: https://ssrn.com/abstract=3494956 or http://dx.doi.org/10.2139/ssrn.3494956

Alfred Slager (Contact Author)

Tilburg University - TIAS School for Business and Society ( email )

Warandelaan 2
TIAS Building
Tilburg, Noord Brabant 5037 AB
Netherlands

Marcel Jeucken

affiliation not provided to SSRN

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