Asset Allocation – Page 134
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FeaturesThe improving image of EMD
The increasing importance of emerging market debt as an asset class reflects the seismic shift we are witnessing as power and relative wealth moves from the developed markets to the developing, argues Joseph Mariathasan
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FeaturesLänsförsäkringar’s fruit leaves sour note
Many institutional investors shun hedge funds as opaque in process and therefore difficult to comprehend. Such investors can always fall back on the Warren Buffett adage that if you do not understand something, you should not invest in it. Far rarer are those institutions that have tasted the fruits of ...
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Special ReportMind the gap
Public sector pension institutions play an important, if often controversial, role in the Swiss pensions arena, argues Graziano Lusenti
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Features
Polish reforms take shape
Polish pension reforms began in 1999, but the presentation of new legislation relating to bridging pensions, annuities and the programmed withdrawal of funds suggests the reforms of the second pensions pillar could be completed just as the first pensions are paid next year. Ten years ago, Poland introduced a new ...
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Features
Unsettling times
Yield curve/duration At the very heart of the financial system, money markets remain almost paralysed and it is here that the recovery must start. Neither the global financial market nor the real economy can function without them. Without access to short-term funding, the banks are forced to sell assets as ...
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FeaturesUK asset managers equipped to survive storm?
An emphasis on diversified investment strategies over the past few years could help guide the UK pension industry through the current volatile financial climate. Gill Wadsworth reports
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Features
Shot in the arm for pooling
Shell Asset Management Company’s decision to award a multinational pooling mandate to JPMorgan is expected to trigger more big deals. But Iain Morse finds there may be hurdles in the way
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FeaturesImplementing personal accounts
Liam Kennedy spoke to Paul Myners, chairman of PADA, about default options, charges and implementing best practice for the new personal accounts system
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FeaturesBuy-out market shows dramatic surge
New players have entered a market of over €3bn in the past couple of years, finds Nina Röhrbein
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FeaturesFeeling comfortable with shorts
In 2003 the two biggest Dutch pension funds pulled out of stocklending because they feared that short selling was contributing to market instability. Five years on, some are suggesting that European pension funds should do likewise
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FeaturesRipe for fiduciary management growth?
With trustees facing an increasingly complex task in today’s tougher environment will fiduciary management take off in the UK as it has in Holland? David White reports
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FeaturesFunds risk selling themselves short
As important sources of stocklending, pension funds are under pressure to ensure they are not enabling damaging short selling. David White reports
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FeaturesA bubble in the making?
Commodity prices have risen dramatically as institutional investors seek security and diversification. Joseph Mariathasan questions the rationale for investing in commodities now
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FeaturesWhich index?
Iain Morse takes a look at the index choices available to investors taking a passive approach to commodities
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Features
Launching a $450m pilot
CalPERS has included direct investments in commodities in its new programme. Gail Moss examines how and why
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Features
Moving from passive to active
Pension funds are looking to commodities to generate alpha returns, finds Lynn Strongin Dodds
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Special Report
The risk sharing revolution
Risk sharing pension schemes offer the ability for employers to control their pension costs while providing a better deal for members than defined contribution arrangements. But have too many corporate fingers been burnt by the cost and liabilities involved in offering defined benefit plans? Ian Farr asks whether compnaies can ...
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Features
EIAMS casts its net wider in 2008
The eighth European institutional asset management survey reveals that real estate is the alternative of choice and that equities are increasingly popular. Fennell Betson and Tony Pryce outline the key findings
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FeaturesAssessing 130/30 strategies
IPE asked three pension services – in Denmark, the Netherlands and the UK – the same question: ‘What is your approach to 130/30 strategies?’ Here are their answers:
