Performance measurement and attribution is an important and integral part of the decision-making process for
institutional investors. Understanding past decisions helps improve future decisions. Therefore it is crucial that the
investment decision process is accurately represented. This will lead to better communication with stakeholders,
sound governance and continued investment success.
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22 May 2025Total Portfolio Approach for Pension Funds
This report applies a Total Portfolio Approach (TPA) by using a factor lens analysis to assess risk and return exposures among pension funds within and across five of the largest pension systems worldwide: Canada, The Netherlands, Switzerland, the U.K., and the U.S.