The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Mizuno: GPIF brand-name active managers delivered zero net alpha over 20 years
“GPF's brand name active managers portfolio delivered zero ultra net of fee. Over almost 20 years of GPF history.”
Mizuno: GPIF Mandated ESG Integration and Externality Control for Active Managers
“Last year, GPF made a very clear, explicit statement to our active managers that GPF expects all our active managers to integrate ESG into their investment analysis and decision making, and also, we Choose the active managers who control the negative externali…”
Mizuno: GPIF moved active managers to performance fees with passive-rate base fees
“GPF basically proposed that all the acting managers change their fee structure to almost fully a performance-based fee. With the low base fee, which is the, as much as we would pay to the passive managers”
Mizuno: GPIF shifted to multi-year contracts, ending quarterly performance reviews
“As a part of this new fee proposal, we also told the managers that from then on, we only retain the asset managers Who we are convinced to give them like a five-year or like a multi-year contract. We are not going to put the managers in a situation like their …”