All articles by David White
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FeaturesStrategy refuses to be written off
Unexpected market events may have once more severely affected convertible arbitrage but the strategy continues to hold attractions for institutional investors, finds David White
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FeaturesIt’s good to talk
As pension fund investment within the sphere of alternatives grows, David White reports on an innovative platform designed to educate managers about the field through the medium of shared experience
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FeaturesBeware Japanese proverbs
The experience of Japanese pension funds in the 1990s provides an interesting lesson for Western investors, finds David White
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Special Report
Don’t write off CDS just yet
Despite the knocking credit default swaps have received because of the credit crisis, David White finds they can still offer a useful hedge against risk
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FeaturesBanks hit the ‘sweet spot’
Unglamorous unleveraged bank loans are suddenly de rigueur for the long-term investor. David White investigates
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FeaturesDodging the sub-prime bullet
It is 10 years since PIMCO, the fixed income manager based in the US, began operations in Europe as PIMCO Europe. Since then, it has grown from an operation with a fingernail hold on the European market to one with a substantial presence in Europe. PIMCO Europe’s London headquarters, set ...
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Special ReportStill a need to stick to principles
The pensions landscape might have changed greatly since the Myners principles were set out seven years ago, but David White finds that they are as relevant as ever
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FeaturesOn the offensive when times are tough
When Yves Perrier (pictured right) took over the tiller of Crédit Agricole Asset Management (CAAM) last September, his immediate objective was to ensure that the company had not sprung any serious leaks in the financial storm that had broken the month before. “My first objective was to ...
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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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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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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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Special ReportSqueezing the life out of DB pensions
Are tightening pension funding regulations throttling Europe’s defined benefit (DB)pension plans? Is a threat to extend Solvency II to pension funds the final nail in their coffin? IPE readers give their verdict.
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Special Report
End of the line for quants?
After facing pressure during the 2007 sub-prime crisis, David White reports on the future for the quantative approach to investing
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FeaturesAsset managers rather than asset gatherers
Carnegie Asset Management (CAM), a Swedish-owned asset management firm that operates mainly from Denmark, has staked its reputation on the performance of a single product - its global equities fund. CAM currently has €13.2bn of assets under management which includes local equity assets in Norway, Sweden, Finland and Denmark, ...
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FeaturesDiminishing the mismatch
Fundamental indices could help mend the mismatch between assets and liabilities. David White reports
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FeaturesWhen the euro overtakes the dollar
The global credit crisis, which has led to a steep fall in the value of the US dollar and a rise in the value of the euro, poses the intriguing question – will the euro replace the US dollar as the world’s reserve currency?
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Features
Balancing risks and rewards
Value-based asset liability modelling and generational accounting can reveal the hidden value transfers between generations. David White reports
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FeaturesSteady performance through asymmetric returns
Victoria-Volksbanken Pensionskassen has tried to move away from the traditional Austrian pension plan model. David White speaks to Claudio Gligo, who is responsible for the plan’s investments, about meeting members’ risk aversion
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FeaturesWhat to do when the wolf is at the door
Next to banks, pension funds are the second largest investor in European private equity. As investors they may be involved, as limited partners, in the leveraged buyouts of companies and their pension schemes - a subject of considerable controversy recently. Pension fund boards therefore face a dilemma: private equity can ...
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FeaturesHow we run our money: Freedom to choose
Most Icelandic pension funds are based on collective agreement, but Frjalsi is different. David White speaks to Arnaldur Loftsson, Frjalsi’s managing director, about his fund’s innovative benefits and investment structures
