All articles by Carlo Svaluto Moreolo – Page 24
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FeaturesHow we run our money: HeidelbergCement
Marc Boone of HeidelbergCement explains why the group’s approach to running its many pensions schemes is like sailing a fleet of ships
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Features
Rethinking political risk
In recent conversations with investors about the prospects for global growth, the focus seemed to be more on the upcoming US election and Brexit than on economic fundamentals. It struck me how musings on political risk can influence an investor’s view on long-term market returns.
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Special Report
Italy: Early retirement tops the agenda
Italy’s government responds to calls to increase flexibility in accessing the state pension, while second-pillar schemes search for solutions of their own
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Special ReportPortugal: Back on the right track
After lawmakers stabilised the public pension system, Portuguese private pension funds are poised to grow their participation in the country’s economic system
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Country Report
Pensions In UK: Of Brexit, deficits and LDI
With a potential Brexit in sight, Carlo Svaluto Moreolo asks whether the assumptions underlying liability-driven investment (LDI) need to be reconsidered
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Special Report
Investment Solutions: Who casts the first stone?
The UK fiduciary management industry awaits the FCA’s report on conflicts of interest. The possible solutions are far from obvious
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FeaturesHow we run our money: Nationwide Pension Fund
Mark Hedges, CIO of the UK’s Nationwide Pension Fund, tells Carlo Svaluto Moreolo about the fund’s alternative assets portfolio
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Features
Pension funds should review LDI strategies
Several UK asset managers that specialise in liability-driven investment (LDI) strategies have underperformed their benchmarks this year. This has put a strain on their pension scheme clients’ funding deficits at the worst possible time
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Special Report
Spain: Political standstill halts reform
The Spanish pension system needs significant adjustment to ensure its sustainability, but politics has got in the way
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Country Report
Liquidity warnings
Regulation is constraining pension funds’ ability to manage risk and they should prepare for future illiquidity
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News
Derivatives rules raise market-liquidity concerns, EDHEC warns
Collateral requirements may squeeze much-needed liquidity in high-quality assets, institute says
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FeaturesHow we run our money: AP2
Tomas Franzén, chief investment strategist of AP2, the second Swedish buffer fund, explains the fund’s approach to long-term investment
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Country ReportPensions In Italy: Auto enrolment all’italiana
A number of Italian pension funds have implemented automatic enrolment. Is this the answer to Italy’s low coverage problem? Carlo Svaluto Moreolo investigates
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Country Report
Pensions In Italy: New alternatives exist
Most Italian pension funds are new to alternative investment. However, the wind is changing, with several pension funds making the first significant allocations, writes Carlo Svaluto Moreolo
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Interviews
On the Record: What is your approach to governance?
Three investors - Railways Pension Scheme, Sparinstitutens Pensionskassa and Pensioenfonds TNO - talk about their views on governance
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Features
Focus Group: Split on high pay for trustees
Nine (40%) of the investors polled for this month’s Focus Group say diversity is important or very important on a pension fund board. Just two consider it to be unimportant, although 11 are ambivalent about the issue.
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Features
Italy's pensions reform: No more tinkering
Only four years since the last pensions reform, the Italian government is once again discussing further changes to the system.
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Features
Europe is already one economy
In the midst of the 2012 euro-zone crisis, American economist Fred Bergsten called the euro-zone a “half-built house”. In an outspoken article in the September/October 2012 issue of Foreign Affairs magazine he argued that, to solve the crisis, the flawed institutional design of the euro-zone had to be improved.
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Features
Interview: Chinelo Anohu-Amazu, National Pension Commission of Nigeria
Chinelo Anohu-Amazu, the head of Nigeria’s National Pension Commission tells Carlo Svaluto Moreolo about plans to extend pension provision in Africa’s most populous country
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Features
Focus Group: Anxieties over Brexit effects
More than 70% of respondents to this month’s Focus Group on the possible British exit (Brexit) from the EU say that the European economy would be worse off if the UK votes to leave in this month’s referendum.
