Resources
We conduct original research on the causes of short-term business decisions and work to find practical solutions.
Strategy | Article
25 September 2018 - Investors often face a challenge of meeting long-term obligations and maintaining the support of their constituents along the way. In particular, they need investment strategies to meet their long-term obligations, but current risk communications, behaviors, and measurements can interfere. FCLTGlobal, with its Members, is developing practical tools to address the issue of balancing long- and short-term risks. Part of the process includes interviews with experts in the area of assessing, managing, and planning for investment risk. Below is the first in a series of discussions, featuring...
Strategy | Article
10 September 2018 - FCLTGlobal’s research is designed to find practical solutions that encourage farsighted decision making within the investment industry. The work we do is primarily intended to explore how every actor on the investment value chain – corporations, asset owners, and asset managers – can put theory into action and reorient themselves and their counterparts toward the long-term. In order to arrive at the “how”, however, we must also explore why investors continue to make short-term decisions that sacrifice long-term value. A team of researchers at the University...
In the News
9 September 2018 -
Article
3 September 2018 - In the newest episode of the acclaimed podcast series “Capital Allocators“, CEO Sarah Williamson sat down with host Ted Seides to discuss the current state of FCLTGlobal and status quo of global long-term investment. The Capital Allocators podcast is a weekly series of conversations with leaders in money management about the people and process behind capital allocation. Mr. Seides is the founder of Hidden Brook Investments, LLC. Over the the course of the discussion, Sarah shared about the path that brought her to FCLTGlobal, the issues...
In the News
30 August 2018 - Executives have grown used to being nagged about their company’s strategy and governance by all and sundry. Activist hedge funds targeted 524 companies worldwide between January and June, compared with 570 in the whole of 2013 and 805 in 2017, according to Activist Insight, a research firm. Last year two big index-makers, S&P Dow Jones and FTSE Russell, excluded firms with multiple share classes from their flagship indices. On August 22nd Glass Lewis, a firm of “proxy advisers” which advises shareholders on how to vote,...
Strategy | Article
30 August 2018 - What makes an investor quintessentially “long-term”? This question is at the core of FCLTGlobal’s mission and research agenda. Together with our partners at CEM Benchmarking Inc., we surveyed 18 large global asset owners responsible for a combined $1.6 Trillion in assets, about how they act to realize their long-term goals and what outcomes they’re seeing as a result. Our inspiration for probing these particular topics came from the 2015 Long-Term Portfolio Guide, published by the Focusing Capital on the Long Term initiative. Although the survey size is small, it...
Article
27 August 2018 - Each of our research projects is supported by working groups attended by our Members, giving them the opportunity to stay abreast of our current thinking while shaping and contributing to our work.
In the News
23 August 2018 - Last week, President Donald Trump suggested in a tweet that companies could report results every six months instead of quarterly. “That would allow greater flexibility & save money. I have asked the SEC to study!” he tweeted. Quarterly reporting seems like a good thing — transparency ensures informed decision-making by investors. And critics of Trump’s idea have cited concerns over a lack of transparency leading to increased investor risk. Yet in practice, quarterly reporting has evolved into a system of managing primarily for the quarterly numbers, with a...
In the News
17 August 2018 - In a morning tweet, he said this suggestion came from top business leaders who told him that this “would allow greater flexibility & save money.” Indeed. But at a time when public confidence in all institutions, including business, is declining, this is exactly the wrong direction for government to go.
In the News
17 August 2018 - President Trump proposed Friday that public companies should report their financial results only twice a year instead of quarterly.