Resources
We conduct original research on the causes of short-term business decisions and work to find practical solutions.
In the News
30 January 2019 - From my backseat driver vantage point, Fink long ago saw the light regarding what ails society and the leaders who are at the helm of for-profit organizations. There is a blinding fixation on putting profits ahead of purpose. Indeed purpose seems to have been forgotten or worse ignored. Senior leaders—and arguably a for-profit organization’s board of directors—continue to operate with their head in the sand. Fink’s annual letter to CEOs points this out admirably.
In the News
25 January 2019 - Asset owners with a long-term time horizon are not immune to short-term pressures, according to a new publication from FCLT Global. The 30-page publication – ‘Balancing act: managing risk across multiple time horizons’ – addresses the challenge of managing multiple-horizon portfolios such as pension plans, sovereign wealth funds and endowments, by outlining why such management is important.
Strategy | Press Release
9 January 2019 - Boston, MA, 9 Jan 2018 – FCLTGlobal, a not-for-profit organization that encourages a longer-term focus in business and investment decision-making, has released its newest publication, Balancing Act: Managing Risk across Multiple Time Horizons, which proposes new approaches for asset owners to manage investment risk across multiple time frames. Long-term funds, such as pension plans, sovereign wealth funds, and endowments manage their portfolios decades or more into the future. They are also required to meet expectations in the near term in order to continue with their investment strategy and...
Press Release
2 January 2019 - Boston, MA, 2 January 2019 – FCLTGlobal, a not-for-profit organization that works to encourage a longer-term focus in business and investment decision-making, is pleased to announce the addition of six new members to our Board of Directors. The following executives joined the board effective January 1, 2019: Vijay Advani, CEO, Nuveen Investments Inc Leni Boeren, CEO, Kempen Capital Management Peter Harrison, Group Chief Executive, Schroders Geraldine Matchett, CFO, DSM Kevin Sneader, Global Managing Partner, McKinsey & Company Howard Ungerleider, President and Chief Financial Officer of Dow, and Chief Financial Officer of DowDuPont All six of the...
Strategy | Report
21 December 2018 - Boards and executives of long-term funds, such as pension plans, sovereign wealth funds, and endowments, have a challenging problem. They need to manage those portfolios to meet their long-term purpose, which may be decades or more into the future. Yet no fund has the luxury of looking only to that long-term time horizon. Each must also meet expectations in the near term in order to continue in its role and with its investment strategy.
Strategy | Toolkit
21 December 2018 - To facilitate discussions about managing portfolios to both meet long-term objectives and weather short-term risks, FCLTGlobal, with input from its members, has developed this Risk Conversation Guide for boards and staff. We have provided illustrative answers to these questions, but these are not intended to be exhaustive or comprehensive.
Article
21 December 2018 - In the run-up to the much anticipated G20 Summit in Buenos Aires, amidst chatter of tariffs and tête-à-têtes among world leaders, the World Bank Group and the Argentine government hosted the Investor Forum. The conference is a first-of-its-kind event uniquely positioned to bring together global investors and policy makers to identify steps for increasing long-term, sustainable investments that promote economic growth. The forum leaned heavily toward action, with people in the room capable of it on a global scale – in attendance were political leaders including...
In the News
15 December 2018 - It was the G20 Investor Forum (the Forum), hosted by the World Bank and the Government of Argentina, held just before the start of the G20 Summit. For the first time ever, senior executives from the investment community in the private sector, holding over $20 trillion in assets under management, and senior officials from the public sector gathered to discuss how to better collaborate to ensure the capital markets earn the necessary long-term returns for their beneficiaries in a way that supports sustainable development. Comments...
In the News
10 December 2018 - The investor forum is a joint public-private sector initiative to foster sustainable development and try to right the wrongs of globalisation. At the G20 summit, some of the world’s most influential institutional investors, with collective assets under management of $20 trillion, travelled to Buenos Aires to discuss solutions with policymakers.
Report
6 December 2018 - Two years ago, FCLTGlobal was established with a fundamental belief that long-term investing makes the world better for us all. Companies and their investors benefit by focusing on the long term, to be sure, but more important is that this long-term focus benefits their communities: the people whose savings investors manage and the many stakeholders a company serves. We began as the Focusing Capital on the Long Term initiative, led by a small and passionate group of business and investment leaders who saw clearly the harm...
