112
| Strategic Investment Funds
Fund Managers (AIFMs). Marguerite Investment Management, an independent company owned by senior management, was appointed as the external alternative investment fund manager for Marguerite II. Still a dedicated manager, its legal status now allowed it to market to a broader group of investors across the European Union. 45. Interview with development finance institution professionals, including from the International Finance Corporation and Overseas Private Investment Corporation, that regularly recruit external fund managers. 46. From interviews with IFC Fund of Funds team members. 47. See the Santiago Principles, GAPP 18.2, explanation and commentary (IWG 2008, 21).
REFERENCES ADB (Asian Development Bank). 2012. “Proposed Equity Investment: Philippine Investment Alliance for Infrastructure Fund (Philippines).” Report and Recommendation of the President to the Board of Directors, Project No. 45929, ADB, Manila. https://www.adb.org /sites/default/files/project-document/73632/45929-014-phi-rrp.pdf. Al-Hassan, Abdullah, Michael Papaioannou, Martin Skancke, and Cheng Chih Sung. 2013. “Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management.” IMF Working Paper 13/231, International Monetary Fund, Washington, DC. https://www .imf.org/en/Publications/WP/Issues/2016/12/31/Sovereign-Wealth-Funds-Aspects -of-Governance-Structures-and-Investment-Management-41046. Alsweilem, Khalid A., Angela Cummine, Malan Ritveld, and Katherine Tweedie. 2015. “Sovereign Investor Models: Institutions and Policies for Managing Sovereign Wealth.” Discussion paper, Center for International Developent and Belfer Center for Science and International Affairs, Harvard Kennedy School, Cambridge, MA. Ambachtsheer, Keith P. 2007. Pension Revolution: A Solution to the Pensions Crisis. New York: J. Wiley. Ammann, Manuel, and Christian Ehmann. 2017. “Is Governance Related to Investment Performance and Asset Allocation? Empirical Evidence from Swiss Pension Funds.” Swiss Journal of Economics and Statistics 153 (3): 293–339. Bachher, Jagdeep Singh, Adam D. Dixon, and Ashby H. B. Monk. 2016. The New Frontier Investors: How Pension Funds, Sovereign Funds, and Endowments Are Changing the Business of Investment Management and Long-Term Investing. London: Palgrave Macmillan. Berle, Adolph A., and Gardiner C. Means. 1932. The Modern Corporation and Private Property. San Diego, CA: Harcourt, Brace & World, Inc. Block, David, and Anne-Marie Gerstner. 2016. “One-Tier vs. Two-Tier Board Structure: A Comparison between the United States and Germany.” Comparative Corporate Governance and Financial Regulation Select Seminar Papers, Penn Law: Legal Scholarship Repository, University of Pennsylvania Carey School of Law, Philadelphia. https:// scholarship.law.upenn.edu/fisch_2016/1. Clark, Gordon L., and Roger Urwin. 2008. “Best-Practice Pension Fund Governance.” Journal of Asset Management 9 (1): 2–21. Gelb, Alan, Silvana Tordo, and Håvard Halland. 2014. “Sovereign Wealth Funds and Long-Term Development Finance.” Policy Research Working Paper 6776, World Bank, Washington, DC. Gratcheva, Ekaterina, and Nikoloz Anasashvili. 2017. “Domestic Investment Practices of Sovereign Wealth Funds: Empirical Evidence to Inform Policy Debates.” In The New Frontiers of Sovereign Investment, edited by Malan Rietveld and Perrine Toledano. New York: Columbia University Press. IFC (International Finance Corporation). 2012. “IFC Corporate Governance Methodology.” IFC, Washington, DC. ILPA (Institutional Limited Partners Association). 2016. “Quarterly Reporting Standards (Version 1.1).” ILPA, Washington, DC. https://ilpa.org/wp-content/uploads/2017/03/ILPA -Best-Practices-Quarterly-Reporting-Standards_Version-1.1_optimized.pdf.