… “Over the years, Keith Ambachtsheer has triggered pension funds around the world with
ground breaking initiatives like CEM and his insightful ‘Ambachtsheer Letters.’ This book is no …

… The major findings of the study were published for a wider audience in an Ambachtsheer
Letter dated December 19, 1997 and titled "Good Governance Matters Most." 11. The cut-off for …

A real-world look at the pension revolution underway The Future of Pension Management
offers a progress report from the field, using actual case studies from around the world. In the …

… Similarly, Ezra and Ambachtsheer found a median three-to-one ratio for these two liability
levels in a sample of 146 defined benefit plans.3 The reason for the disparity is simple. The …

… Keith Ambachtsheer is Director of Research for the investment management consulting firm
Canavest House Inc., Toronto. James Farrell is a Vice President of Citibank, NA, in New York…

No profession can have legitimacy without accountability. For pension fund managers,
accountability means being able to demonstrate that they know their mission and that they pursue …

In a recent letter written to the Securities and Exchange Commission (SEC), the attorneys
for a group of brokers specializing in the sale of third-party research services to money …

A series of Salomon Brothers studies on the long-term riskiness of equity and bond portfolios
show that equity shortfall risk is surprisingly high and remains high over long periods of time…

Some 20 years ago, the efficient market hypothesis (EMH) started to impact real-world thinking
about the merits of active portfolio management. Prior to the early 1970s, the world view …

In his testimony on Social Security System reform before Congress in 1999, Alan Greenspan
voiced the opinion that it is not feasible to manage public pension funds without political …