Having belief set is the key to future returns

The lack of a cohesive process in constructing and implementing investment beliefs threatens to further erode returns amid volatile market conditions, according to analysis of a survey conducted by Pensions & Investments and Oxford University.

Managers honing focus on beliefs

About 68% of money managers work in companies with an official and/or published set of investment beliefs, according to a survey on long-term investment beliefs conducted by Pensions & Investments and Oxford University.

About the survey

The Pensions & Investments/Oxford University survey on long-term investment beliefs, conducted between May 23 and June 15, had a total of 685 respondents. Of those, about 34% are asset owners, 30% are asset managers and about 24%, consultants. (The remainder were listed in the “other” category.)

About 97% considered themselves long-term investors. Furthermore, 51% had more than 20 years of experience in pensions or investment-related industries. Thirty-one percent had between 10 years and 20 years of experience, and the remainder had less than 10 years of experience. About 63% of those surveyed worked in organizations with at least $1 billion in assets or assets under management.

P&I/Oxford University Investment Beliefs Survey Results