Diary of an Investor: Nelson’s telescope
A phone call from Alan, my Wasserdicht colleague in England. ‘Pieter, we all have been visited by the FSA and it is not good.’ ‘What is not good?’ ‘We have this thing in the UK called ‘governance’ and pension funds are being blamed for not exercising enough of it, and this inaction has helped fuel the financial turmoil and market downturn.’
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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.
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