By GANDY GANDIDZANWA & ITAI MUKADIRA
The old adage, “no pain, no gain” is as honestly brutal as it is stubbornly unsettling. Many acknowledge it, while only a few embrace it – and our pension fund industry is no exception.
The old adage, “no pain, no gain” is as honestly brutal as it is stubbornly unsettling. Many acknowledge it, while only a few embrace it – and our pension fund industry is no exception. For twenty-five years now the abnormal macro-economic environment has been given, understandably so, as the reason for the industry’s perennial underperformance. While the role of the economic environment can never be disputed, it is disingenuous to
blame it solely. No doubt, it is “the elephant in the room”, as many dub it.
However, just as it is in the wild, elephants do not exist by themselves. It is time the industry introspects and identifies the hippos, the sharks, the buffalos, the rhinos, the bisons, the anacondas, and such others, that are in
the room too. continue reading…Restoration of Confidence – Getting the Fundamentals Right I
