Institutional Investors: Focusing On Long-Term Value In A Short-Term WorldVW Staff
Today’s high multiples, low spreads, and increased volatility have investors focused on returns in the short and medium term. But pension funds and endowments are inherently focused on the long term. In this environment, how can these sources of patient capital stay patient? What governance structures best promote long-range investing? Does the developing or developed world have more of these opportunities, and how can investors successfully integrate environmental, social, and governance factors into portfolio decisions? What role should alternatives play, given that the yield curve is now pointing to riskier assets? Has the recent run-up in U.S. interest rates prompted changes to investments or outlooks? How do long-term investors think about volatility?
Joseph L. Hooley, Chairman and CEO, State Street Corp.
Christopher Ailman, Chief Investment Officer, California State Teachers’ Retirement System; Co-Chair, Global Capital Markets Advisory Council, Milken Institute
David Atkin, CEO, Cbus
Vicki Fuller, Chief Investment Officer, New York State Common Retirement Fund
Nick Moakes, Chief Investment Officer, Wellcome Trust
Juan Manuel Valle Pereña, CEO, Afore XXI Banorte