Long-Term Investing by Pension Funds
How to Effectively Design and Implement Mandates: a Dutch Case Study
Pension funds are increasingly trying to embed long-term investing choices within their portfolios.Many publications focus on the rationale for long term investing; however, it remains unclear what longterm investing actually is, what sets it apart from the current way of investing, and how it should addvalue. The purpose of this paper is to provide a practical framework for pension fund trustees aiming tobolster and implement long term investing. In doing so, the paper’s contribution is that we choose thetrustee’s perspective, build on different existing election and monitoring frameworks, and argue thatpension boards have more instruments at hand to implement long-term investing.