All articles by Carlo Svaluto Moreolo
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NewsInvestment in European equities by European asset managers has fallen by a third
Share of listed equities issued in Europe held by investment funds domiciled in euro area has dropped from 37% in 2015 to 27% at the end of last year, says EFAMA
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InterviewsHypoVereinsbank pension funds: Searching for sustainability in private markets
Markus Schmidt, director of asset management for the pension funds of Germany’s HVB, talks to Carlo Svaluto Moreolo about the schemes’ combination of strict liability and risk management with a broad growth portfolio and sustainability focus
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InterviewsHow pension funds manage derivatives and liquidity needs
The use of derivatives, for hedging and other purposes, is common among pension funds, but it can be a drain on liquidity. We asked three pension funds how they ensure adequate levels of liquidity when interest rates are volatile
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Opinion PiecesThe private credit market needs careful monitoring
European institutional investors seem to be in a bind. Equities performed well this year, but market concentration remains at record levels and many investors expect a correction. Returns from bonds have been mostly positive, but that could change if inflation flares up again. The real estate market may be starting to recover, but it is early days, and the recovery may not be linear.
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Special ReportProspects for 2025: Pension investors identify risk scenarios
High equity valuations and a possible return of inflation, caused by geopolitical tensions and US policy, have European pension funds worried
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NewsBlackRock nears $12bn acquisition of private credit behemoth HPS
BlackRock is diversifying away from its core business, index investing and ETFs, seeking to build its fee-generation capacity
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AnalysisThe pensions reform promises of Europe's far-right political parties
The rise of far-right parties has bolstered support for European welfare state systems, but radical right-wing policymakers face difficult choices
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Opinion PiecesEurope’s right wing can break pensions
Now that they hold power in several European countries, radical right-wing parties can make or break Europe’s pension systems.
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InterviewsBNY Investments: More than the sum of the parts?
The world’s top asset managers are a diverse bunch. From pure-play managers to investment bank-owned firms and those with an asset servicing heritage, the different flavours also reflect the changing nature of the sector.
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Special ReportAsset owners confront waning resolve of their managers on climate change
Will the notable exits from Climate Action 100+ and other investor coalitions influence manager selection decisions for European asset owners?
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InterviewsCassa Nazionale del Notariato: Megatrend investor
Stella Giovannoli, CIO and CFO at Italy’s Cassa Nazionale del Notariato, talks to Carlo Svaluto Moreolo about the efforts to modernise the fund
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InterviewsSEI Investments seeks new partnership approach
SEI Investments, the Pennsylvania-based technology and investment firm, was a vocal advocate for independent fiduciary management in the UK pension industry.
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Opinion PiecesInvestors must work together to improve AI stewardship
While perhaps the same cannot be said about climate change, there seems to be a consensus about artificial intelligence (AI) in the United Nations General Assembly.
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AnalysisHow asset managers are getting to grips with AI
The use case for artificial intelligence in asset management is understood, but there are meaningful questions as to what the technology can actually achieve
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Special ReportItaly: Policymakers focus on first pillar
Despite recent growth, second-pillar pensions have never been a priority for the Italian government
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Asset Class ReportsEquities: Active investors keep their eye on the prize
As equity markets enter a new phase after the August 2024 sell-off, institutions are sticking to their long-term active equity approaches
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Opinion PiecesInstitutional investors shouldn't be so concerned about equity market concentration
Before the August 2024 equity sell-off, the rising level of concentration in global equity markets had many investors worried for some time, and concentration may well continue to be a feature of equity markets in the near future.
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Country ReportSlow growth for Italy's second-pillar pensions
Despite the urgency of increasing second-pillar coverage, policymakers continue to focus reform efforts on public pensions
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Asset Class ReportsPrivate credit: How banks are joining forces with managers
As the private credit market grows, banks are looking to partner with private credit managers rather than compete with them
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InterviewsATP's long game in investment strategy
Christian Kjaer, head of liquid markets at Denmark’s ATP, talks to Carlo Svaluto Moreolo about the institution’s liquid assets portfolio and his knack for game theory.
