All articles by Georg Inderst
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Book Review
Book Review: Compendium of lessons for investors
A review of ‘Expected Returns. An Investor’s Guide to Harvesting Market Rewards’ by Antti Ilmanen, published by Wiley Finance, February 2011.
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FeaturesNow for the hard work
The credit crunch has finally exploded in the face of European pension funds. Georg Inderst looks at the problems this has created as investment managers make asset allocation decisions and offers potential solutions
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FeaturesStagflation has arrived
Pension funds are now working in an investment environment that is not only difficult but that has not been seen some time, as George Inderst reports
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FeaturesCredit crunch chickens come home to roost
Georg Inderst gives an overview of the effects of the sub-prime generated credit crunch on pension funds
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Features
Capturing opportunities
George Inderst assesses the factors that will drive asset allocation this year
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Features
The strategic landscape
George Inderst charts broad trends in the allocation of pension fund assets
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Features
Beyond nationhood
The Oxford Handbook of Pensions and Retirement Income Edited by Gordon Clark, Alicia Munnell and Michael Orszag, with the assistance of Kate Williams. ISBN-10: 0-19-927246-8 ISBN-13: 978-0-19-927246-4 936 pages hardback Price: £85 (€124) Oxford University Press This is a welcome new handbook and it is easy to predict that it ...
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Features
Keeping a bead on a fuzzy target
Pension plan directors need to pay heed to the major structural changes in the market in reviewing their strategic asset allocation, says Georg Inderst
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Features
Doing the business
While LDI means different things to different people, across Europe funds are reviewing investment strategy in the light of their liabilities. Georg Inderst examines the choices they face
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Features
Goldilocks or stagnation?
With beta back in vogue, the time could be ripe for some thinking outside the box, says Georg Inderst
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Features
The return of beta
Much maligned in the early 2000s, beta is now back in vogue with asset managers keen to embrace a wider universe. Georg Inderst reports
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Features
Telling it how it is
Client reporting has improved greatly in recent years. Fund managers now produce reports that are almost as slick as those of management consultants. Most pension trustees and officers seem to be happier with what they receive today compared with five or 10 years ago. Standards had to be raised. It ...
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Features
Coming to terms with derivatives
Remember 1995? Only 10 years ago or so, most investment managers still felt pretty uncomfortable with derivatives. Derivative traders were an exotic species using Greek symbols and a jargon nobody could understand. No surprise, pension funds hardly used these instruments, or even avoided them in principle. What is a derivative? ...
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Features
Infrastructure’s long-term payback
Pension funds are trying to spread their investments across a much wider spectrum of asset classes than in the past. More ‘alternative’ products are being offered on the market to meet the insatiable demand from institutions. One area now attracting increasing attention in Europe is infrastructure investment. The term immediately ...
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Features
Ensuring good performance
Performance and risk analysis have gone a long way since the dark ages of investment, when returns were measured in rather raw form, while risk was hardly measured at all. These days, pension plan trustees are enlightened by slick performance reports, including hundreds of statistics, thoroughly calculated and well-presented with ...
