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1 results

  • Effective and Ethical Institutional Investment

  • A. Asher
  • Journal:
    British Actuarial Journal / Volume 4 / Issue 5 / 01 December 1998
    Published online by Cambridge University Press:
    10 June 2011, pp. 969-1027

  • Those with responsibility for the assets of institutional investors have a fiduciary duty to attempt to earn the best possible risk adjusted returns and to comply with ethical standards. A satisfactory resolution of these, and other, conflicting demands requires a coherent intellectual framework. Such a framework can be based on a traditional scheme that analyses the various components of profit in terms of the requirements of justice. The framework provides a basis for discussing the major challenges facing the institutional investors. These relate to their role in rational asset selection, effective corporate governance, job creation and the minimisation of environmental impact.