Market Update 23 September 2025, with columns by Harry Geels, Pim Poppe, Dick Kamp and Anton Kramer
Market Update 23 September 2025

Anton Kramer: Yesterday's knowledge

Many pension funds justify their choices by referring to 'the knowledge available at the time'. But participants demand decisions that add value today.

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Pim Poppe: Coming and going

Power shifts over centuries, not years. What do Kennedy, Acemoglu, Fukuyama, Dalio and Montefiore teach us about the rise and fall of superpowers, and its impact on investments?

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Harry Geels (credits Cor Salverius Fotografie)

Harry Geels: Young women more progressive, men more conservative

The gender gap is widening, affecting not only politics but also financial markets and investment behaviour worldwide.

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Dick Kamp

Dick Kamp: The new steering role of pension fund directors

The Wtp limits decision-making freedom, but increases the responsibility of directors: strategy and innovation determine whether a fund remains truly in control.

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