Financial Myopia Versus Farsighted Investment

Friday, 30 June 2006
By Now&ZYen

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People constantly complain that the financial community (“the City”) is too short term, busy analysing day-to-day investment decisions with little thought to the future. Au contraire! To counter the over-emphasis on the short term, a group of investment managers formed the Enhanced Analytics Initiative to promote long-term, extra-financial research. The 16 members manage over $1trillion (sic) and are a powerful force for change. The largest UK member, the Universities Superannuation Scheme, and Z/Yen’s own Michael Mainelli, in his role as Mercers’ School Memorial Professor of Commerce at Gresham College, have launched the Farsight Award, a “Man Booker Prize” for the best single investment research report that looks to long-term issues such as climate change, human capital, corporate governance or intellectual capital. Sir Paul Judge will present The Farsight Award on 21 September at 18:00 in Cabot Hall in the Docklands, London E14, preceding a lecture by Professor Werner Seifert, ex CEO of Deutsche Börse on globalization. More information and tickets (free) are available here (once you’ve clicked through, see bottom of page to book).