All Briefing articles – Page 21
-
FeaturesHBS: room for improvement
The concept of a holistic balance sheet is intellectually tempting but could be improved and it is still unclear whether it will be workable in practice, argue Jurre de Haan, Karin Janssen and Eduard Ponds
-
Features
Shaking up high yield
Considering the trend to combine loans and high-yield bonds in the same products, Martin Steward finds the sub-investment grade landscape changing and new opportunities becoming apparent – especially in senior secured
-
Features
Insurance inspiration
Building an internal model under Solvency II costs time and money. Cécile Sourbes asks what pension funds can learn as insurers edge towards implementing the new framework
-
Features
On the road again
The convertible bond market finally woke up in September. But Martin Steward finds that there is a long way to go before portfolio managers are out of the woods
-
Features
Bolt-on growth
As a fast-track route to growth with a focus on efficiency gains, buy-and-build seems perfectly-suited to our low-growth world, writes Jennifer Bollen
-
Features
Shock factor
Liam Kennedy spoke with Theo Kocken and Kerrin Rosenberg about pensions, behavioural finance and a new definition of fairness
-
Features
Portfolio impact
Gail Moss outlines the concept of impact investing and how it relates to mission-based investing, which is often used in the foundation sector
-
FeaturesWhat makes a skilful portfolio manager?
Ignore the sales pitches, advises Rick Di Mascio. Successful managers simply get more decisions right than wrong, and make sure their hits make more money than their misses lose
-
Features
If the euro breaks up
Declan O’Sullivan and Lindsay Trapp outline some of the operational challenges that fund managers could face in the event of a break-up of the single currency
-
Features
Squeezing out the last drops
Brendan Maton assesses the favourability of tax-transparent Dublin and Luxembourg pooled funds as a way to avoid being ensnared by US withholding tax
-
FeaturesGo with the flows
Dividends really do pay off in emerging markets. Martin Steward asks why, and what the theories tell us about how far investors should tilt towards higher yields.
-
FeaturesCrucial assumptions
Norman Dreger and Andrew Arbour outline why companies with pension obligations in multiple countries should consider carefully which mortality tables to use for accounting valuation
-
Features
World Bank rates green bonds
Nina Röhrbein looks at instruments that aim to combine solid SRI credentials with precious yield and a high standard of transparency and stability
-
Features
Speed is good
Richard Olsen argues that, far from slowing down, transaction volumes need to increase by a factor of thousands, and that pension funds should benefit from its uncorrelated alpha
-
Features
Lost horizons
The growing gap between trading and investing is changing the face of equity markets, argues Per Lovén
-
Features
Who turned out the lights?
Dark liquidity, which started as a way to hide big trades,now mostly offers liquidity in bitty, small packages. But Martin Steward finds signs that the pendulum is swinging back again
-
Features
Over-funded, over 2008… and over here
US players are set to rule distressed Europe, writes Jennifer Bollen, but local players could offer crucial cultural advantages
-
Features
Back to 4%?
Mariska van der Westen outlines the Netherlands’ proposed ‘ultimate forward rate’ within the new framework for pension funds, which aims to marry real and nominal objectives
-
Features
Defined ambition and supervision
The Dutch pension sector is working on new pension contracts, with softer benefits as the expected outcome. Meanwhile, the European Commission has planned to revise the IORP Directive and European supervision of pension funds. Dick Boeijen, Niels Kortleve and Jan-Willem Wijckmans ask if these processes are compatible
