![How Much Should Pension Funds Pay Their Own People?](https://www.benefitscanada.com/wp-content/uploads/sites/7/2011/03/1260396_black_wallet.jpg)
For pension funds, the most difficult part is the design of an effective pay-for-performance scheme in the investment function. Ambachtsheer looks at how the Canada Pension Plan Investment Board has handled this challenge, and comments on a number of issues requiring further study and resolution. Download the full paper here.