Articles -
We are pleased to make available some of the articles Keith has written for other publications. All of these articles require the Adobe Acrobat reader. You can download the Acrobat plugin here. Please note: a new browser window will open; you may close this window to return here once the software is installed.

Articles of Interest

'Pension Revlolution 1'- National Post (PDF file 1,3 mb)

'Pension Revolution 2' - National Post (PDF file 1.4 mb)

‘Beyond Portfolio Theory: The Next Frontier’ (PDF file 128 kb),
Financial Analysts Journal, January/February 2005
Reproduced with the consent of CFA Institute, and may not be reproduced or redistributed without its express written consent

‘Cleaning Up the Pensions Mess:  Why it will take more than money’ (PDF file 100 kb),
 CD Howe, February 2004
Reproduced with the consent of C.D. Howe, and may not be reproduced or redistributed without its express written consent
                   
‘Improving Pension Fund Performance’ (PDF file 216 kb),
Financial Analysts Journal, November/December 1998
Reproduced with the consent of CFA Institute, and may not be reproduced or redistributed without its express written consent

Recent Articles

'Taking the D out of DB’ (PDF file 128 kb),
Benefits Canada, September 2005
Reproduced with the consent of Benefits Canada, and may not be reproduced or redistributed without its express written consent

Dueling Pension Manifestos (PDF file 452 kb) – a review by Keith Ambachtsheer
Dueling Pension Manifestos (PDF file 212 kb) – a response by Isla Carmichael

Both articles are reproduced with the consent of Literary Review of Canada, and may not be reproduced or redistributed without its express written consent
‘Mission Impossible’ (PDF file 76 kb),
Benefits Canada, July 2005
Reproduced with the consent of Benefits Canada, and may not be reproduced or redistributed without its express written consent
 
'Pension Planning: Are Your Investment Believes Believable?' (PDF file),
Benefits Canada, January 2005
Reproduced with the consent of Benefits Canada, and may not be reproduced or redistributed without its express written consent

'Pension Fund Asset Allocation' - Financial Analysts Journal (PDF file 2 mb)

Moving to a Fiduciary CPP Investment Policy: Two Possible Paths
This Paper was prepared for the Federal-provincial Working Group on CPP Investment Policy.

'Moving to a Fiduciary CPP Investment Policy' - (PDF file 7.6 mb)

Why Pension Fund Management needs a paradigm shift -
Working Paper written by Keith for The Pension Research Council of the Wharton School of the University of Pennsylvania.

The Three Grades of Pension Fund Governance Quality: Bad, Better, and Best
Working Paper written by Keith

The 7 Habits of Highly Effective Pension Funds
It seems like Steven Covey’s personal improvement bible “The 7 Habits of Highly Effective People” has been on best-selling book lists forever. What if we changed the ‘people’ word in the book title to ‘pension funds’? What would become of Covey’s effective people habits like ‘be proactive’, ‘begin with the end in mind’, ’think win win’? We demonstrate in this column that while the habits of highly effective pension funds differ from those of highly effective people, 7 remains the right number:

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