Newton Investment Management, headed by Helena Morrissey, has signed a five-year deal with Cambridge University Judge Business School tosupport research into long-term investing.
The Cambridge business school's Centre for Endowment Asset Management will be renamed the Newton Centre for Endowment Asset Management in recognition of the fund manager's support.
Newton is based in the UK where Morrissey is also chair of the Investment Management Association (IMA), which in December 2013 launched the Investor Forum to "promote shared commitment to long-term strategies and sustainable wealth creation" among investors and companies.
The IMA Investor Forum is itself a result of a government review into long-term decision-making in equity markets – the Kay Review. The IMA set up the Collective Engagement Working Group, which gave rise to the Investor Forum, with the Association of British Insurers and the National Association of Pension Funds in April 2013 in response to the review.
Morrissey says: "Newton has been a long-term supporter of the Centre for Endowment Asset Management. We share the centre's commitment to helping long-horizon investors make appropriate investment decisions."
The centre, whose chairman is Professor Elroy Dimson, plans to include sovereign wealth funds in its March 2015 annual three-day conference, which brings together practitioners and academics with an interest in long-horizon investing.
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