All Alternatives articles – Page 118
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News
Nobel laureate Merton says LDI “ill-conceived”
GLOBAL – Nobel Prize-winning economist Robert Merton has said immunizing pension obligations through liability driven investment strategies is “ill-conceived”.
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Features
Are mega funds a mega trend?
Are the mega funds that have come to dominate the private equity landscape, dinosaurs? This was the question that Jon Moulton of Alchemy posed provocatively at the recent Super Investor conference in Paris to an audience of 500 representatives of private equity firms, investors, intermediaries and service providers. Moulton amusingly ...
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Features
Limited impact so far
When the former Chinese premier Zhou En-lai was asked about the effect of the French Revolution on the world, he is famously said to have quipped that it was too early to tell. His words come to mind when we think about the effect of the euro on equity markets. ...
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Features
Plus ça change
The euro’s birth was a monumental event in monetary world history. On 1 January 1999 the euro replaced 10 national currencies that had been used for decades, or centuries, to make domestic and international transactions. The euro also eliminated the ability of central banks in the participating countries to use ...
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Features
Allocation gap for alternatives
Ever since Gary Brinson’s 1986 publication of a paper demonstrating that asset allocation is the dominant factor in determining the return of a portfolio, strategic asset allocation has been accepted as important. When it comes, however, to including alternative asset classes in an overall asset allocation framework, the industry is ...
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Features
Achievements and challenges
The euro has very rapidly created a zone of monetary stability in Europe. The average inflation rate in the euro area has been a little above 2%. This is somewhat above the level of what the ECB defines as price stability, but a good performance in view of the increases ...
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News
Allianz Global Investors sets up Luxembourg arm
EUROPE – Allianz Global Investors has founded a subsidiary in Luxembourg from which it plans to bolster its European presence, especially where investment funds are concerned.
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News
Horeca moves into commodities
NETHERLANDS - Pensioenfonds Horeca & Catering, the €2bn Dutch hotel and catering scheme, has awarded a passive commodities mandate to Western Asset Management.
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News
PGGM names new head of strategy & research
NETHERLANDS – PGGM, the Dutch health care pension fund, has named Jaap van Dam as head of strategy and research.
