(Please bear with us while we mend the link)
Neil Maines’ excellent session is well worth a watch. While we mend the youtube link, you can download the podcast from www.pensionplaypen.com
Thanks for these slides which can be downloaded from this link.
- VFM (Value for Money):
- Performance testing against composite benchmarks can be problematic and stifle innovation.
- It discourages allocation to private markets and makes Net Zero goals difficult to achieve.
- Private Markets:
- Challenges with liquidity management during unexpected events like COVID-19.
- Issues with treating members fairly due to stale valuation risk.
- Difficulties in implementing performance fees fairly.
Next steps