April 2018

International Centre for Pension Management Awards Six Research Papers

The International Centre for Pension Management (ICPM) is pleased to announce the winners of the 2017 Call For Research. The recent Call For Research garnered a record number of submissions from around the world, focusing on topics with practical relevance for pension organizations, including fund management, engagement of plan participants, pension design, governance, risk, and investment-related topics.

“ICPM is thoroughly impressed with the quality of submissions that we received. Every year, we’re reminded from our Calls for Research that organizations across the globe are tackling similar pension and investment-related challenges,” says Rob Bauer, ICPM Executive Director. “It is important to encourage research so that we can all access shared knowledge to develop best practices.”

The following submissions are awarded a prize of CAD$10,000, as well as an invitation to present at ICPM’s bi-annual Discussion Forums. ICPM Discussion Forums connect leading pension sector experts and academics from around the world and are exclusive to ICPM’s member network.

The Long-Term Consequences of Short-Term Incentives
Alex Edmans, London Business School; Vivian Fang, University of Minnesota; Allen Huang, Hong Kong University of Science and Technology
Read Paper

Coordinated Engagements
Elroy Dimson, Cambridge Judge Business School; Oguzhan Karakas, Cambridge Judge Business School; Xi Li, LSE
Paper to be published soon

The Return Expectations of Institutional Investors
Aleksandar Andonov, Erasmus University; Joshua Rauh, Stanford University and NBER
Read paper

Global Portfolio Diversification for Long-Horizon Investors
Luis Viceira, Harvard Business School; Zixuan (Kevin) Wang, Harvard Business School
Read Paper

The Dark Side of Hedge Fund Activism: Evidence from Employee Pension Plans
Anup Agrawal, University of Alabama; Yuree Lim, University of Wisconsin La Crosse
Read Paper

Population Structure and Asset Values
Stephen Bonnar, Lori Curtis, Kate Rybczynski, University of Waterloo; Miguel Leon-Ledesma, Jaideep Oberoi, University of Kent; Mark Zhou, CMHC
Read Paper

ICPM’s Research Committee is co-chaired by Onno Steenbeek (Algemene Pensioen Groep) and Mike Simutin (ICPM Associate Director of Research) and involves the following representatives: Susan Banta (Pew Charitable Trusts), Jaap van Dam (PGGM), James Davis (OPTrust), Bing Han (Rotman School of Management), Alex LaPlante (Global Risk Institute), Lars Meuller (CPP Investment Board), Michael Preisel (ATP), David Richardson (TIAA-CREF Investment Management) and Rob Bauer (ICPM Executive Director).