Latest from IPE Magazine – Page 214
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Special Report
Factor Investing: Navigating the factor maze
IPE’s deputy editor Daniel Ben-Ami remembers the first time he heard the term ‘factor investing’. Although the subject seemed new in some respects, in other ways it was strangely familiar
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Features
Negative rates are truly negative
It is instructive to remember that only a few years ago it was common for negative interest rates to be dismissed as impossible.
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Opinion Pieces
Letter from the US: The Yale effect
Good things come in small packages. It sounds so true reading the latest annual National Association of College and University Business Officers (NACUBO) Commonfund study of endowment performance.
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Country Report
Interview: Karl Timmel CEO, VBV
Karl Timmel, CEO of Austria’s largest Pensionskasse, VBV, helped to set up the second pillar in the country more than two decades ago
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Country Report
Corporate Pensions: A shift in risk perception
Corporate pension schemes need to change the status quo in terms of governance and implementation if they are to meet their goals, writes Nigel Cresswell
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Special Report
Asset allocation in volatile times
Should investors rethink their strategic asset allocation in light of current volatility? Three leading investment consultants tell IPE how they are advising their clients to react to the changing environment
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Special Report
Assessing Smart Beta: Some rough with the smooth
Anyone hoping to benefit from factor investing should be willing to accept significant periods of underperformance
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Asset Class Reports
Equity markets slow down
The European equity market has surged in market capitalistion since 2009, but not necessarily because company earnings have increased.
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Features
Appeasing the gatekeeper
Last year I attended a drinks reception organised by a UK consultancy. The event was arranged specifically to allow the firm’s staff to meet with the asset management community. The theme running through the opening remarks was simple: “We have no current or future plans to offer fiduciary management, therefore we will never compete with you.”
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Country Report
Domestic Accounting: Discounting the future
The new discount rate to be applied to pension liabilities under German accounting standards simply postpones a serious problem
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Special Report
Talking heads
IPE asked pension consultants across Europe for their views on how existing and new regulation is affecting their clients and how they are advising them to react
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Asset Class Reports
Implementation: Points of entry
Investors have several ways of accessing European equities including passive, active and smart-beta strategies
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Asset Class Reports
Heading for the Brexit?
The possibility of the UK voting to leave the EU is causing considerable uncertainty among asset managers
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Special Report
Portfolio Construction: Calculated risks
Factor investing promises to outperform both passive and active management. Carlo Svaluto Moreolo discusses the issue of implementation
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Country Report
Domestic Accounting: A half-hearted compromise
Thomas Hagemann reviews changes to the discount rate methodology applied by corporates to calculate pension liabilities
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Special Report
Factor investing: Pension funds in two minds
Factor investing might be a relatively new approach but some pension funds are already employing it with success. Others are looking on with interest
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Asset Class Reports
Do not bank on another crisis
Despite problems in Europe and globally, opinions are split on the likelihood of another banking crisis
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Country Report
Investment Tax Reform: A simplification gone wrong
The investment industry has successfully lobbied against many new requirements in the investment tax reform law. Barbara Ottawa says it might not be so fortunate in the future
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Asset Class Reports
European pharma under threat
Pharmaceuticals have long been the foundation of Europe’s industrial base. Now the sector must fight back against the threat of US biotech companies
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Special Report
Railways Pension Scheme: World-class transformation
Gail Moss investigates how the UK Railways Pension Scheme transformed its investment strategies to cope with the low-return environment that has followed the global financial crisis
