All articles by David White – Page 2
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FeaturesWhy a global scope assures GTAA returns
In spite of recent reverses, global tactical asset allocation has developed from an add-on strategy to an integral part of a pension fund’s investment portfolio, according to a recent study. David White reports
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FeaturesStrategically speaking: Finles Capital Management
Finles Capital Management, a Dutch investment management boutique based in Utrecht, is unusual for at least two reasons.
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Features
Looking for alternative advice
Pension funds and other institutional investors usually go to established consultants for advice about traditional investments. But where do they go for advice about alternative investments, and in particular, hedge funds? David White reports
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Special ReportOff the record: Bean counters called to account
Few issues have generated so much controversy among Europe’s corporate pension schemes as the application of international accounting standards (IAS). In Switzerland, the introduction of IAS19 has led pension lawyers to re-define Pensionskassen as defined contribution (DC) rather than defined benefit (DB) schemes in an effort to escape its provisions. In the Netherlands, industry-wide schemes have argued that the involvement of a large number of corporate sponsors has made the implementation of IAS19 impossible.
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Features
Weighing up the benefits of indexation
This month’s Off The Record looks at the issue of the indexation of pensions.
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Features
Patience and time
Silvio Vecchi, CEO and CIO of the European Patent Office’s pension scheme, tells David White of the importance of patience and time in avoiding the turbulence of the capital markets – a successful strategy given the fund’s growth
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Features
Novel approach hits problems
The aggressive strategy adopted by speicalist pension manager, Pension Corporation, to gain control of pension funds, has attracted plaudits and criticism as David White reports
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Features
Out of Africa
Although often seen as too risky, David White finds that the continent could be a useful outside bet
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Features
Keeping the pension fund commandments
One of the persistent grumbles from pension fund managers is that, although they themselves would approve a particular investment strategy or move into a particular asset class, they would never be able to persuade their trustees or governing boards who do not have a sufficient grasp of investment principles to ...
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Features
Fully funded
Sandy Flight, chief exchequer officer, Dundee City Council in Scotland, tells David White that the main objective of Tayside Superannuation Fund is to maximise overall return within reasonable risk parameters, and that means having a clear asset allocation strategy and sticking to it
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Features
How Vervoer handed over the fiduciary reins
Pensioenfonds Vervoer made headlines last year when it awarded a fiduciary management mandate to Goldman Sachs. Walter Brand, Vervoer CEO, tells David White what happened next
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Features
Private equity gets back to basics
While deal sizes may have shrunk because of the credit crisis, there is little evidence of a major downturn in buyout activity, writes David White
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Features
Encouraging a sense of security
The danger of any form of insurance is that it may encourage people to take risks they would not otherwise take. This is known as ‘moral hazard’ and it is one of the risks of providing solvency insurance and pension fund protection. There is an argument that, to avoid this ...
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Features
Laurus shows the way to LDI
Laurus pension fund has pioneered the use of liability-driven investment in its investment strategy. Dick Kamp, chief executive of the fund, tells David White how LDI has performed
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Features
Surfing the second wave of fiduciary management
After the first wave of full-service fiduciary mandates, Dutch pension funds are beginning to pick and mix asset managers’ fiduciary offerings. David White reports
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Features
Widening the net for asset pooling
Until now, asset pooling has been an option largely reserved for the bigger players in the Dutch pensions market. David White reports on an initiative to bring the benefits to smaller funds
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Features
The answer lies in the soil
As the world wakes up to the scarcity of land and turns its attention to food production needs, perhaps agricultural land makes serious investment sense. David White reports
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Features
Taking off for new horizons
Blue Sky Group is a European pioneer in using extension strategies. David White hears the story so far
