All articles by Dickon Reid – Page 30
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Features
More accountability for UK consultants
Alan Botterill’s claim that the Myners report is just one part of the jigsaw, is a sentiment shared by every other consultant interviewed by IPE. They agree that 2001 was frantically busy and a year in which the industry faced an unprecedented number of changes. It’s not just the Myners ...
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News
Campaign to lobby pension funds on workers rights
GLOBAL - War on Want, the anti poverty charity, is launching a campaign on Monday urging pension contributors and trustees to lobby companies they invest in to respect workers’ rights....
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Features
Measuring implementation shortfall
An unmanaged or poorly managed portfolio transition can at its worst combine opportunity costs, market impact and commissions to produce breathtaking costs. You needn’t look far for horror stories. A recent article in the US quoted the transaction cost company Plexus as saying one of the transitions it monitored has ...
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Features
Opting out: illusion or reality
April the first next year sees the Netherlands’ Z scores reach their fifth birthday and members of industry-wide funds have the option of dropping out and seeking investment management and pensions administration elsewhere if their scheme fails to meet the prescribed level. The number of funds that are likely to ...
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Features
Z score dissenters
Jan Baars and his employer, the PGGM pension fund, have been among the fiercest critics of the Z scores. In a series of articles in the Dutch press, PGGM has at times sounded almost apocalyptic, warning that the Industry-wide fund in the Netherlands is doomed. Complaints levelled against the Z ...
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Features
Collaborative effort
As many of the Netherlands’ Industry-wide pension funds split their administrative and investment management departments, there’s a hub in Rijswijk where exactly the opposite is underway. Five company schemes and one Industry-wide pension fund, who last year announced they were launching a cooperative, have taken delivery of the keys to ...
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Features
Myners opens Pandora's box
When Paul Myners allocated just a couple of pages to the issue of brokerage commissions in his recent report into the UK institutional market, he cannot have anticipated the hornets’ nest he was to disturb. Although he focused on commissions, it has brought the issue of trading costs as a ...
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Features
Outperformance there for the taking
The data below, supplied by Financial Risk Management, the hedge fund specialist, tracks the performance of every type of hedge fund conceivable. The figures on the opposite page are FRM estimates of how the industry has grown in the past seven years and more specifically, which of the four classes ...
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Features
Making introductions
Until recently placing money with a hedge fund manager was predominantly done through small independent companies offering what is known as capital raising or contract marketing. In practice hedge funds lacking the resources to fund their own sales teams employ someone independent. Typically that someone might be Arpad Busson running ...
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Features
US managers defiant
The determination of companies affected by the attacks on the World Trade Centre to get back to business is something to behold. Few following events in America can have missed Cantor Fitzgerald chief executive Howard Lutnick’s emotional interview on ABC news. Over 400 companies were housed in the two towers, ...
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Features
It's not all one-way traffic
Key to the issue of outsourcing is whether to manage assets in-house or to appoint a third party investment manager. According to George Urquhart of the WM Company, internal managers are finding themselves under pressure from tight human resource budgets while trustees and plan sponsors are under pressure from consultants ...
