Mizuno: Only two passive managers earned extra fees for stewardship at GPIF
Hiro Mizuno · Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148) · Jul 9, 2020 · at 34:17
Hiro Mizuno discusses offering higher management fees to passive managers who offered concrete proposals to improve stewardship and active ownership.
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“And by the time I left, there are only two passive managers who proposed their GPIF, their new business model with specific KPI, how to improve their stewardship activities, and they received extra layout fees from the GPIF.”
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