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  • 23 Aug 2019
  • Sharpening Your Skills

Has the Corporate Mission Just Been Disrupted?

overcoming long odds. Should a Pension Fund Try to Change the World? Can inclusivity, sustainability, and better governance boost economies? Rebecca Henderson and George Serafeim discuss the impact investing efforts of GPIF, Japan’s... View Details
Keywords: by Sean Silverthorne; Green Technology
  • 19 Mar 2006
  • Research & Ideas

Unlocking Your Investment Capital

How can the equity swap help alleviate the common mismatch between pension assets and liabilities that companies often carry? A: If the pension fund holds equities, then these assets have a "risk... View Details
Keywords: by Ann Cullen; Financial Services
  • 10 Sep 2013
  • First Look

First Look: September 10

of exiting or continuing to build her business. Purchase this case: http://hbr.org/search/313149-PDF-ENG Harvard Business School Case 313-139 Note on Pension Guarantee Funds The United States and the United Kingdom both had... View Details
Keywords: Sean Silverthorne
  • 15 Aug 2007
  • Op-Ed

3 Steps to Reduce Financial System Risk

set of investors who previously had limited access to complex derivative products. These include insurance companies and public and private pension funds. They see the products as a way to earn higher yield. The growing purchase by such... View Details
Keywords: by Mohamed El-Erian; Financial Services; Banking
  • 16 Feb 2021
  • Research & Ideas

To Fight Climate Change, Should Green Investors Reconsider Big Oil?

allocated to sustainable funds that invest in companies with specific environmental, social, and governance (ESG) factors and goals. Since 2015, when the US Department of Labor began allowing pension fund managers to incorporate ESG... View Details
Keywords: by Kristen Senz; Energy
  • 09 Jul 2013
  • Research & Ideas

Catching Up With Boards--Jay Lorsch

couple of decades, however, there's been growing pressure to separate the two jobs in the interest of more effective checks and balances. This comes mostly from the big state employee pension funds like CalPERS, some of the big union... View Details
Keywords: by Jim Aisner
  • 05 Aug 2002
  • Research & Ideas

Are Consumers the Cure for Broken Health Insurance?

control ensures that many consumers' and providers' needs go unmet and that industry inefficiency goes unchecked. In many ways, the current health insurance model resembles the way companies used to manage their employees' retirement savings. In traditional defined... View Details
Keywords: by Regina E. Herzlinger
  • 22 Apr 2020
  • Research Event

How Investors Are Sizing Up Climate Change’s Risks—and Opportunities

climate policies. Applying the “universal owner” model. The world’s largest assets owners have taken note of the scale of this exposure. Large pension funds invest so broadly—through index funds, private equity, or other securities—that... View Details
Keywords: by Danielle Kost; Financial Services
  • 24 Jul 2013
  • Op-Ed

Detroit Files for Bankruptcy: HBS Faculty Weigh In

mountain of pension costs. John Macomber, Robert Pozen, and Eric Werker—offer their views on some down-the-road scenarios. Beyond A Bailout By: Senior Lecturer John Macomber Detroit has failed. Why did this happen, might there be more big... View Details
Keywords: by John Macomber, Robert C. Pozen, Eric D. Werker & Benjamin Kennedy; Auto
  • 23 Aug 2011
  • First Look

First Look: August 23

behavioral biases or informational limitations. These explanations imply that absent behavioral or informational effects, larger menus would be objectively better. However, in an important economic context—401(k) pension plans—we find... View Details
Keywords: Sean Silverthorne
  • 15 Jul 2014
  • First Look

First Look: July 15

spending four years aggressively moving the fifth largest pension fund in the United States into alternative asset classes, Harris felt that TRS shouldn't just participate in private equity funds as a typical limited partner. Rather,... View Details
Keywords: Carmen Nobel
  • 30 Jan 2018
  • First Look

January 30, 2018

service. They each provided alternative visions of the world. Purchase this case: https://cb.hbsp.harvard.edu/cbmp/product/317100-PDF-ENG Harvard Business School Case 218-022 Altoona State Investment Board & Bain Capital Fund XI Considers the decision faced by... View Details
Keywords: Sean Silverthorne
  • 05 Aug 2002
  • Research & Ideas

Five questions for Regina E. Herzlinger

provide health insurance, but who cannot afford it, will find new, lower-cost consumer-driven health care policies, such as those offered by California's Wellpoint, that help them achieve their goal. Employees in defined-contribution View Details
Keywords: by Martha Lagace
  • 03 Oct 2006
  • First Look

First Look: October 3, 2006

breezes of change have been in evidence for a number of years, it remains true that most pensions and institutional investors maintain outsized allocations to active long-only (ALO) managers, with comparatively high fees. The question is:... View Details
Keywords: Sean Silverthorne
  • 16 Dec 2014
  • First Look

First Look: December 16

taxes. We use the model to evaluate the welfare consequences of a range of alternative policies. Download working paper: http://ssrn.com/abstract=2533977 Lobbying Behavior of Governmental Entities: Evidence from Public Pension Accounting... View Details
Keywords: Sean Silverthorne
  • 18 Jun 2012
  • Research & Ideas

Better by the Bunch: Evaluating Job Candidates in Groups

the book was to show that we can start changing environments to make it easier for our minds, which aren't perfectly rational and don't absorb information perfectly, to succeed in life," Bohnet explains. While the book's authors applied their theory to policy... View Details
Keywords: by Maggie Starvish
  • 08 Jul 2014
  • First Look

First Look: July 8

retirement crisis in the wake of the dot-com crash, when companies in major industries went bankrupt in large part because of their inability to meet their pension obligations. The result was an acceleration of America's shift away from... View Details
Keywords: Carmen Nobel
  • 20 Apr 2010
  • First Look

First Look: April 20

http://icc.oxfordjournals.org/cgi/content/abstract/dtq013?ijkey=WB7zzaO3bsqcw4t&keytype=ref Pension Fund Design in Developing Economies Author: Luis M. Viceira Publication: In Evaluating the Financial Performance of View Details
Keywords: Martha Lagace
  • 11 Feb 2019
  • Research & Ideas

The Business of Saving the Planet

2018: Implications for Business This background note provides general information about climate change and its implications for business. Working Knowledge Stories on the Business of Environmental Sustainability Should a Pension Fund Try... View Details
Keywords: by Sean Silverthorne; Energy; Green Technology
  • 05 Jul 2017
  • Research & Ideas

Are Stockbrokers Illegally Leaking Confidential Information to Favored Clients?

investors (such as hedge funds, mutual funds, and pension funds) from 1999 to 2014. The information came from Abel Noser Solutions (formerly Ancerno Ltd.), a firm that performs transaction cost analysis for institutional investors—and... View Details
Keywords: by Carmen Nobel; Financial Services
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