The Financial Times asked Keith to write an article on the challenge of investing retirement savings in a low-return world. He argues it requires answering John Maynard Keynes’ call to convert savings into capital capable of generating sustainable, long-term cash-flows in the forms of interest, dividends, rents, or tolls. Sadly, there is still only a small number of pension organizations that have the requisite scale, culture, and talent to do this successfully.   

Read Keith's article in the Financial Times.