SFM Participant Keith Ambachtsheer on Long Horizon Investing

A recent, thoughtful letter from SFM Participant Keith Ambachtsheer is just below, and touches on the essential subject of Incentives and Compensation in regards to time horizons and investment decisions.

RICPM’s recent workshop with Generation, as the letter describes, highlighted two related action steps in this regard

1.  Design and implement concentrated long horizon investment mandates

2. Develop a ‘Model Investment Mandate’

There’s also sections on Integrated Reporting and Investment Income Monitoring techniques.

Letter just below – thoughts & comments welcome at our new Listserv address which is


Ambachtsheer Letter_07_2013

For those who don’t know him, Keith Ambachtsheer is Director of Rotman ICPM, an Adjunct Professor of Finance, Academic Director of the Rotman-ICPM Board Effectiveness Program, and Publisher and Editor of theRotman International Journal of Pension Management. His firm, KPA Advisory Services Ltd., has provided advice to governments, industry associations, pension-plan sponsors, foundations and other institutional investors since 1985.  He is the co-founder of CEM Benchmarking Inc additional info. which monitors the performance of 300 pensions worldwide. Keith has authored three books on pension management and has received numerous international industry awards