In the News
21 September 2016 - The long-term investment brigade just got a metric by which to prove its mettle – or a petard from which to hang. Institutions and politicians that have decried the ephemeral thinking that has crept into boardrooms, compensation committees and market-makers will now have their own global stock index. With some fast-growing companies failing to make the cut, it’s a bold experiment. Canada’s Pension Plan Investment Board, which oversees C$273 billion of assets, is leading a group that will allocate $2 billion to the new S&P Long-Term...
Press Release
26 July 2016 - BOSTON, JULY 26, 2016 — Focusing Capital on the Long Term (“FCLT”) announced today that Sarah Keohane Williamson has accepted the role of inaugural Chief Executive Officer. Williamson will lead FCLT’s transformation from an initiative formed in 2013 by Canada Pension Plan Investment Board (“CPPIB”), and McKinsey & Company to a not-for-profit global organization dedicated to developing practical tools and approaches that encourage long-term behaviors in business and investment decision-making. The Founders of this new organization are BlackRock, CPPIB, The Dow Chemical Company (“Dow”), McKinsey & Company,...
In the News
13 April 2016 - Yo-yoing stock markets, negative interest rates, talk of currency wars: With so many factors roiling markets, it’s easy for investors to let short-term factors obscure the keys to long-term success. Now a group of six leading institutions, led by the C$282 billion ($217 billion) CPP Investment Board, is fighting back. At the World Economic Forum in Davos, Switzerland, these institutions unveiled a new stock index that identifies companies with strong balance sheets, good governance and clear long-term strategies, and committed to investing $2 billion in products...
In the News
26 January 2016 - LONDON–(BUSINESS WIRE)–The Savvy Investor Awards, announced on 26 January, recognise the best pensions and investment white papers of 2015. “Best Investment Paper 2015” was awarded to a report written as part of a global initiative to encourage institutional investors to invest for the long-term. The 60-page report, “Long-Term Investing – Portfolio Guide” is a global collaboration between nine institutions: BlackRock, Caisse de dépôt et placement du Québec, Canada Pension Plan Investment Board, Capital Group, GIC, New Zealand Superannuation Fund, Ontario Teachers’ Pension Plan, PGGM, and Washington...
In the News
22 January 2016 - Should Chainsaw need an introduction, allow me to précis by saying Mr. Dunlap earned the nickname via his habit of clear cutting employees, most famously half the 12,000-strong workforce at small-appliance maker Sunbeam Corp. Here’s the nut: Chainsaw Al’s game was to boost the company’s stock performance by pleasing Wall Street. He accomplished this not only by slashing employees, but by perfecting the unseemly arts of bill and hold, channel stuffing and cookie jar accounting.
In the News
21 January 2016 - “Absolutely it’s a buying opportunity, when the world is panicking and you have a quintessentially long-term view,” Mark Wiseman, the chief executive officer of Canada Pension Plan Investment Board, said in an interview at the World Economic Forum. “Whatever negative market sentiment there is, I don’t believe is supported by the facts that are coming out.”
In the News
21 January 2016 - Canada Pension Plan Investment Board has teamed up with S&P Dow Jones Indices to track businesses with the potential to deliver returns over the long haul, with the ambitious plan to influence other companies to adopt better governance and business practices. Several institutions have signed on to invest in the new S&P Long-Term Value Creation Global Index, and CPPIB expects retail investors will soon gain access through funds.
In the News
21 January 2016 - A group of large global investors hopes a new stock index will prove that companies with good governance and focused on long-term goals will produce higher returns for shareholders. Six global pension plans and sovereign-wealth funds debuted the S&P Long-Term Value Creation Global Index at the World Economic Forum in Davos, Switzerland, on Thursday, an index they said represents companies that can be role models for others.
In the News
21 January 2016 - The S&P Long-Term Value Creation (LTVC) Global Index comprises firms that have, according to the index provider, a proven ability to manage the long-term economic and governance opportunities in the market, based on analysis provided by RobecoSAM. The creation of the index was recommended as part of the Focusing Capital on the Long Term Initiative (FCLT), founded by the Canada Pension Plan Investment Board (CPPIB) and consultancy McKinsey in 2013.