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Article: Mandate Research: Investment Industry Outlook For 2004 - Common challenges.
- Article from:
- Financial Times Mandate
- Article date:
- January 12, 2004
CopyrightCOPYRIGHT 2004 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Pension schemes, fund managers and investment consultants have all suffered testing times during 2003. Uncertain public markets have forced trustees, managers and members to recognise that risk actually exists and, while we can hope the worst is over, it is essential not to forget the lessons learned in 2003 and to build on them in 2004.
Last year saw a greater focus on long term, rather than short-term market direction. The industry's positive response to the UK Universities Superannuation Scheme (USS) investment competition, "Managing Pension Fund Assets as if the Long Term Really did Matter", started a process of thinking about how large institutional ...