As you are now aware, I’m on the beach. But for those of you that can’t stand a week without some Giant reading, I’ve collected some interesting research papers that I myself may dip into on my kindle this week:
- Rage Against The Fee Machine: Jane Ambachtsheer, Richard Fuller, and Divyesh Hindocha have a new paper entitled, “Behaving Like An Owner: Plugging Investment Chain Leakages”. The authors apparently find that “...fixing these leakages can increase the size of savings pots by as much as 25% over a 20-year accumulation period.” Remarkable.
- Kiwis: I mentioned a few weeks ago that I thought the New Zealand Superannuation Fund offered a new “model” for other investors to aspire towards. In case you are interesting in understanding this fund further, David Iverson and Renato Staub have a new paper entitled, “Allocating Risk Capital: The Case of New Zealand Superannuation Fund”.
- Impact: The World Economic Forum has released a new paper entitled, “From the Margins to the Mainstream Assessment of the Impact Investment Sector and Opportunities to Engage Mainstream Investors.” I haven’t mentioned this before on this blog, but I’m actually in the midst of a rather large research project on this very topic. So this will be something I definitely read in the week ahead.
- Collaboration: Danyelle Guyatt has a new paper entitled, “Effective Investor Collaboration: Enlarging the Shadow of the Future.” As someone who spends a ton of time coordinating collaborative activity among SWFs, I’m really looking forward to reading this.
- Governance: Anita Anand has a new paper entitled, “The Value of Governance”. The author offers a review of the new literature that highlights the value that good governance can create for firm value.
- Thesis: Sandro Grünenfelder recently completed a Doctoral Thesis entitled, “Understanding and Managing Political Risks of Sovereign Wealth Funds”. It looks quite interesting.
- Sustainability: Kristian Alma has recently published a paper entitled, “‘The dark side of the moon’: a theoretical framework of complicity applied to the Norwegian Government Pension Fund Global”. It looks like a relatively interesting paper, though I may regret putting this paper on my reading list. Why? Because the abstract has some inaccurate information, claiming that... “In contrast to the SWF’s in the Middle East, the NGPFG is the only SWF that is located in a country with high democratic standards.” Really? What about the Alaska Permanent Fund? The Heritage Fund in Alberta? The Future Fund of Australia? The New Zealand Superannuation Fund? The National Pension Reserve Fund of Ireland? The ... oh you get the point. Notwithstanding, the paper could be good. We’ll see...
Anyway, see you next week!
