It remains exceptionally difficult in today’s financial backdrop to invest with a long-term horizon in mind. Especially given that investors tend to judge performance more-so on short-term results. So begs the question, can you actually take the ‘long-view’ without being continually judged on short-term performance? Well some large investors believe that it’s not only possible – but potentially the only option to deliver results.
I recently read about the ‘Long-Term Portfolio Guide’ (LTPG) which was developed by Anuradha Gurung with co-editor Colin Carlton and a working group, co-led by Caisse de dépôt et placement du Québec and Canada Pension Plan Investment Board. The working group was comprised of more than 20 experienced investment professionals from BlackRock, Caisse de dépôt et placement du Québec, Canada Pension Plan Investment Board, Capital Group, GIC, New Zealand Superannuation Fund, Ontario Teachers’ Pension Plan, PGGM, and Washington State Investment Board.
The objective of the initiative is to reorientate portfolio strategies and investment management to focus capital on the long term.