Latest from IPE Magazine – Page 14
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Opinion PiecesAn opportunity to reimagine private capital in Europe
Enrico Letta’s long-awaited report on the future of the European Union’s single market is set to spark a major debate among EU leaders. As Europe faces a rapidly evolving strategic landscape, the former Italian prime minister’s findings, due to be published this spring, could help shape thinking on European integration ahead of the upcoming elections in June.
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InterviewsMercer’s Rich Nuzum: soft skills are the hardest in investment governance
Mercer’s recent acquisition of Vanguard’s outsourced chief investment officer (CIO) business and its sale of two administration units points to changes in asset management as firms continue to focus on core activities.
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FeaturesIPE Quest Expectations Indicator - April 2024
The shadow of the US presidential elections is longer than normal because Trump is under several legal clouds. He could still get barred from participating but that seems unlikely. He does have a liquidity problem, a self-destructive streak, a mercurial character and no credible alternative waiting in the wings, though.
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FeaturesReluctance to drop interest rates disappoints the markets
US rates markets entered the year enthusiastically pricing in over 160 basis points of cuts through 2024, and have since had to push back hard on both the timing and magnitude of interest rate cuts now expected by year-end.
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Opinion PiecesWhy General Electric’s pension management model has finally passed its prime
The late Jack Welch, CEO of General Electric for two decades until 2001, was not only a legendary businessman who grew GE’s market cap 30-fold over his tenure. He also inspired a minor revolution in pension fund management that dates back to the days of mainframe computers and telex machines.
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InterviewsAhold Delhaize pension fund on climate transition and system change
Eric Huizing, chief investment officer at Ahold Delhaize Pensioen, explains to Tjibbe Hoekstra how the pension fund is progressing not only with its climate-focused investments but also the change in the Dutch pension system
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FeaturesInvestors are paying for hedge funds' reluctance to use hurdle rates
Although two years have now passed since the US Federal Reserve started rapidly hiking interest rates, the likelihood that your hedge fund manager will have a ‘hurdle rate’ – a minimum rate of return before performance fees kick in – has not changed. Only a quarter of hedge funds, by our count, have such a threshold in place and the practice does not yet show signs of becoming more widespread, even though the risk-free rate has now exceeded 4% for well over a year.
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FeaturesAn inflection point for India bonds
The impending inclusion of Indian government bonds (IGBs) in JP Morgan’s widely tracked $240bn (€220bn) Govern ment Bond Index-Emerging Markets (GBI-EM) index is seen as a milestone. However, while some asset managers hope it is the beginning of a more open investment culture, others are more circumspect.
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Opinion PiecesATP at 60: no plans to retire the guaranteed pensions model
Now approaching retirement age itself, Danish statutory pension fund ATP is using its 60th birthday as an opportunity to reinforce the validity of its guarantee-based investment model.
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AnalysisCan Alecta overcome its woes after further embarrassing blunders?
A new investment leadership team is seeking to draw a line under the continuing governance debacle at the €110bn Swedish pension giant and will reset the investment strategy
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InterviewsPension funds revisit allocations to China
European pension funds have reduced their allocations to China as the outlook for the country’s economy becomes more uncertain
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AnalysisA template for innovation and investment opportunity in health services
Introducing innovations into entrenched organisations is always a challenge. No more so than in the UK’s much loved, much criticised and, many would argue, barely functioning National Health Service (NHS). Yet revolutions in AI and technology should be able to transform the NHS for the better in a cost-effective manner.
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FeaturesMeasuring the impact of non financial factors on GDP growth
In their paper entitled Modeling the Links Between Economic Growth, Socio-economic Dynamics and Environmental Dimensions: a Panel VAR Approach, the authors attempt to quantify direct and indirect causalities between economic growth and extra-financial dimensions, including demographics, biodiversity, climate change, political stability, inequalities and economic growth.
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Special ReportNatural capital special report: Getting to grips with the TNFD
More than 100 financial institutions have formally committed to adopting the recommendations of the Taskforce on Nature-related Financial Disclosures. Here’s how some of them are getting on so far
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Country ReportGermany Country Report 2024: Unions take a more active role in pensions
Unions have a new role in determining the shape of occupational pensions but are mindful of their duty to protect workers
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Asset Class ReportsPrivate debt: Private lending shows signs of recovery
Private credit is showing signs of recovery, but investors are focusing on defensive sectors
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Asset Class ReportsLegal systems key in emerging market private credit
In the legally complex world of emerging markets, private credit investors naturally favour those with cleaner legal systems
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Country Report
German employers use pensions to tackle skills shortage
German companies are reworking HR policies in a changing labour market as they hunt for skilled workers and seek to retain experienced employees
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Special ReportAGM season preview: nature at the ballot box
Despite the backlash against ESG, biodiversity risks will be on the agenda during the next round of shareholder meetings
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Country ReportGermany turns its back on sustainability
A recent rightwards pivot has softened Germany’s ambition on ESG both at home and in Brussels
