Asset Allocation – Page 124
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Features
Taking a stake
The typical shareholder does not like underperforming companies. However, where he only sees loss of profits, others see an opportunity.
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FeaturesOverdue for an overhaul
International accounting standards have served pensions accounting well, but it is time for an update, argues Andrew Lennard
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Features
Fiduciary roles
Fiduciary management is now established in the Netherlands, but what role do consultants play when a fiduciary is appointed? Pirkko Juntunen investigated
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FeaturesCommission issues two surveys in fight for pensions portability
More artillery has arrived on the battleground where the EU is still fighting for pan-European legislation on the portability of supplementary, non-state pensions for employees. The weapons recently wheeled into place by the European Commission takes the form of two heavyweight studies. These include existing national business practices, measures of ...
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FeaturesStrategically speaking: Finles Capital Management
Finles Capital Management, a Dutch investment management boutique based in Utrecht, is unusual for at least two reasons.
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Features
Not another dagger?
The recent paper from the UK Accounting Standards Board (ASB) was described by Aon Consulting as “another dagger in the side of final salary pensions”. But when is a dagger not a dagger? Apparently, when an organisation or even an individual does something to draw attention to the increasingly unsustainable ...
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Features
Asset allocation
Equities Investors are more bullish on US and UK equity markets and more bearish on Japan, Asia, and euro-zone equities. Asia experienced the biggest decline in sentiment; with the number of investors predicting a rise in Asian equities falling 10%. Asia had been the one bright spot in terms ...
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Special ReportOff the record: Bean counters called to account
Few issues have generated so much controversy among Europe’s corporate pension schemes as the application of international accounting standards (IAS). In Switzerland, the introduction of IAS19 has led pension lawyers to re-define Pensionskassen as defined contribution (DC) rather than defined benefit (DB) schemes in an effort to escape its provisions. In the Netherlands, industry-wide schemes have argued that the involvement of a large number of corporate sponsors has made the implementation of IAS19 impossible.
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Features
Positioning your super fund for the future
The head of one of Australia’s biggest investors has some advice for super fund managers who struggle to balance the books. Richard Newell listens to his words of wisdom
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Features
Turkey's financial sector
After a flat 2006, in 2007 the Istanbul Stock Exchange saw an increase of 72% in US$ terms.
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Features
The changing face of Turkey
The heralding of Turkey as a new entrant to the global economy is the result of a misconception. Turkey has, in fact, been tied into the globalised economy for decades, if not centuries.
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Features
New man at EFRP
He may be a new broom, but Angel Martinez-Aldama will be sweeping up much of the same old dust, finds George Coats
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Features
Turkey's Oyak diversifies abroad
Oyak, the €5.5bn pension fund of the Turkish armed forces, is to invest in foreign assets for the first time since it was established over 40 years ago.
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Features
Alpha through restructuring
Paolo Barbieri discusses the opportunites provided by restructuring hedge funds
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Features
The impact of immigration
For the past decade Ireland, long seen as a country from which people emigrated, has witnessed a strong influx of immigrants, particularly from eastern Europe. But this phenomenon is still too recent to be able to lead to any conclusions of its impact on the pensions industry. “A lot of ...
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Special Report
Healthy investment
Michael Pederson, CIO of PKA, the Danish health and social services workers’ fund, tells Brendan Maton about the positive side to principled investment
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Features
Which way to go?
The government’s Green Paper is focusing attention on the options to develop Ireland’s pensions sector. Nina Röhrbein reviews them
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Features
Going global in fixed income
The liquidity crisis in the credit market caused by the US sub-prime upheaval is prompting institutions to switch their allocation from local to global fixed income. Joseph Mariathasan explains why and considers the implications.
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Features
Seeing with new eyes
In the final article on a new study, Amin Rajan and Neeraj Sahai conclude that there are no short-cuts to any place worth going
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Features
Turkey: Focus on ... derivatives
Founded two and a half years ago by the Turkish Chambers of Commerce, the ISE, the Izmir Mercantile Exchange and the banks Is Bank, Garanti Bank, Ak Bank, Yapi Kredi Bank and Vakif Bank, Turkdex offers 10 derivatives contracts of which two – on the Istanbul 30 Index and the US dollar – can be described as active and functioning.
