All Briefing articles – Page 18
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Features
The inconstant constant
Regulation threatens the existence of Constant Net Asset Value money market funds. David Turner asks if investors will miss them
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Features
Command, control and organisation
Gail Moss outlines the duties of the investment committee chair – one of the most influential positions in a pension fund
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Features
Carbon investment: worth the risk?
Gyorgy Dallos argues that the financial risks associated with investing in fossil-fuel companies will increase as they extract in more hazardous places and stricter carbon constraints are enforced
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Features
UK joins the race
A new tax-transparent fund, launched this summer, puts the UK on the map for pension pooling. Gail Moss explains
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Features
A future for swaps?
Pension funds facing new derivative-market regulation are increasingly willing to consider alternatives to traditional swaps, according to Cécile Sourbes. But the jury is still out on interest rate swap futures
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Features
More than meets the eye
The usual selling point for ETFs is that they are cheap, but that has rarely held for institutional investors. Anthony Harrington finds less obvious, but arguably more compelling, advantages
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Features
Nurturing Europe’s mid-market
Taron Wade and Alexandra Dimitrijevic look into efforts to expand Germany’s Schuldschein debt private-placement market to the rest of Europe
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Features
Rating hybrids
Issuance of hybrid capital in Europe surged at the start of the year and is likely to remain elevated in the near term. Taron Wade discusses how such instruments are rated and why new issuers are getting involved
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FeaturesA high-yield lesson from history
Richard Ryan warns investors not to respond to apparently tight spreads in investment-grade bonds by simply stretching for the extra 260 basis points available from high yield
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Features
German investors defy tough year
Frank Schnattinger outlines the findings of IPE’s seventh annual survey of German institutional investors
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Features
If it looks like a duck
Hybrid corporate bonds are taking off as investors scramble for yield. But Martin Steward wonders if the hybdridity balance is shifting against investors
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Features
Defining the trustee chair
The rise of LDI, market turbulence and regulatory challenges have all helped to change the role of the trustee chair, according to Gail Moss
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Features
The case for the investment book of record
It is essential for investment decisions to be based on accurate and complete information, but obtaining that in the form of an investment book of record is easier for some asset managers than others, according to John Mayr
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Features
Rock ‘n’ roll yield
Music publishing rights are a proven inflation-sensitive cash-flow asset, and Martin Steward finds that fast-changing music consumption habits are generating not threats, but opportunities
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Features
Keeping hold of deferred members
Pension funds need a robust strategy to keep track of deferred members and to communicate with them in the right way. Gail Moss reports
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Features
Fallout from Ruslan and Cyprisia
Iain Morse assesses the consequences of the Cyprus bailout for the banking and wider financial services industries
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Features
The coup de grace
Roxane McMeeken met with John Kyriakopoulos, the man whose huge bet on Greek bonds paid off dramatically for the country’s largest pension institution
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Features
Confusion reigns supreme
The Cypriot bailout may have only been a drop in the ocean compared with the Greek rescue package. But, as Jonathan Williams finds, lack of detail is a major headache for the local provident funds even three months later
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Features
Caution in the face of opportunity
Despite the growing clamour for funding, pension funds remain cautious about investing in infrastructure. Michael Wilkins analyses some of the barriers holding back potential investors
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FeaturesUnlocking alpha
New statistical techniques and the computing power to put them to work is opening a space for effective factor modelling of hedge funds, writes Robert J Frey
