Asset Owners need a strong strategy. For the asset owners, organizational and investment strategy are deeply connected. A strong strategy will pay off over time in terms of better investment outcomes, delivered more effectively. An experienced pair of external eyes can help to create great strategy. That is what I provide.
During my time as Managing Director Investment Strategy at PGGM, my conviction grew that a great investment strategy is necessary but not sufficient to realize enduring investment success. Governance, investment beliefs, organizational design and culture play equally critical roles in achieving great outcomes. This conviction led to the book Achieving Investment Excellence which I wrote with professors Alfred Slager and Kees Koedijk.
In 2023 I left PGGM to contribute to the strategy of large asset owners around the globe. My experience with large asset owners stretches from The Netherlands to Canada, the UK and Sweden. I am a non executive board member of Nest Invest and I
co-chair the Research Council of ICPM, the International Centre for Pension Management.
Strategy, whether organizational, investment or sustainability strategy, provides a path to a successful future you want to create as an asset owner. Importantly, it should be implementable. Without execution, strategy is meaningless.
All asset owners, both mature and fast growing, are faced with strategic questions, for example because of a changing context or after a period of suboptimal performance. A change in leadership or board may be natural moments to review the existing strategy. This may include revisiting investment beliefs, the governance set up, decision-making processes, and also questions like: SAA or Total Portfolio Approach? A good strategy process will require you to look at yourself from an altitude that tends to get lost in the daily hectic.
Asset owner investment management organizations have specific characteristics: they are not faced with daily competition, they are not for profit, and the crucial relationship between board and investment organization. This requires specialized experience - which I bring.
A good strategy formulation process will require you to look at yourself from an altitude that tends to get lost in the daily hectic.
My contribution is always strategic in nature. It can range from quite generic to very specific. My added value and experience are typically more fit for larger than for smaller funds. I feel at home in questions of governance, organizational strategy, investment strategy and responsible investment strategy.
Examples of recent work:
The form my contribution takes can range from being a strategic sparring partner for c-suite or board members or being a critical friend in a strategy formulation process, to being actual part of the strategy team.
I can be a sparring partner, structure bringer, challenger, observer, bring in fresh perspectives or a member of the Investment Committee or Advisory Board. I may be able to speed up the process. However, it will only be your strategy if you fully own and embrace it – which means that you have to do the actual work.
I position myself as an outsider-insider in the organizations I work with: close enough to understand the culture and ways of working, distant enough to retain the valuable external view that helps to identify organizational blind spots. In my experience, strategic challenges can often be identified relatively quick by having a number of conversations on the ground and without extensive and time consuming analytical work.
Before accepting an assignment, I find it valuable to have one or more face to face conversations to see whether there is a mutual fit and understanding. I value relationships that grow over time.
I position myself as an outsider-insider in the organizations I work with.
Van Dam, Jaap, Koedijk, Kees & Slager, Alfred, Achieving Investment Excellence (April, 2019)
If you have any questions or want more information, please drop me an email to get acquainted.
jaap@vandaminvestmentadvisory.com
VanDam Investment Advisory BV
Chamber of Commerce: 68123485
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