UK – Previously unseen papers from the late George Ross Goobey, the founder of the ‘cult of equity’ in the UK, are to be used to make a new case for the asset class at a lecture by his son.
Alistair Ross Goobey, the former chief executive of Hermes Pensions Management, will draw on the writings at a lecture at the Cass Business School on October 27.
Ross Goobey junior – who’s now chairman of the International Corporate Governance Network - will argue that pension fund investment has come full circle to where it was when his father created the equity “cult” in the early 1950s.
He will argue that with returns from bonds flagging, there is a need to return to equities.
Ross Goobey senior’s papers have been donated to the new Pensions Archive Trust, which will be launched at the lecture. His son will be the first president of the trust, based at City University.
The archive aims to provide a central source of information to students and others making a study of pensions provision in this country.