KEITH P. AMBACHTSHEER is the Director of the Rotman International Centre for Pension Management at the University of Toronto and founder of KPA Advisory Services, Ltd. He is an award-winning analyst of pensions and investment issues who advises governments, industry associations, pension plan sponsors, and money managers on pension governance, finance, and investment. His advisory publication, the Ambachtsheer Letter, regularly reaches 150 different institutional clients across the world. Ambachtsheer is also a cofounder of CEM Benchmarking Inc., which monitors the management quality of 300 of...