Latest from IPE Magazine – Page 231
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Features
Smart Beta Investing: A wealth of ambiguities
Separation of smart beta strategy development from index implementation makes it unclear who is accountable from a fiduciary perspective, argues Jeremy Baskin
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Features
Asset Allocation: The big picture
Another summer passes with huge market moves and chaotic trading days. China’s stock markets ‘wobbles’ are still ongoing, and while emerging markets – especially in Asia – are still being sorely buffeted, more developed markets have attained some degree of calm.
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Features
Ahead of the Curve: Brands and the city
Doreen Wang says financial analysts should give a company’s brand a bigger line item in investment valuations
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Features
Focus Group: Fixed in the mind
Some 44% (16 respondents) of the investors polled this month say that fixed income has become more important in their portfolio over the past five years. Ten of these say it has become much more important.
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Features
Diary of an Investor: Ten years on
This month I celebrate 10 years as investment director of the Wasserdicht pension funds and it is heartening to receive warm congratulations from so many friends in the Netherlands and abroad.
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Special Report
APK Pensionskasse: Bond risks revisited
Austria’s APK has found new ways to better assess risks in its fixed-income portfolio, Barbara Ottawa finds
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Features
From our perspective: Back to the future?
IPE’s 18-year history has been one of the expansion of funded pension systems. While countries like France have held out in favour of répartition, others have expanded the development of funded pension systems
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Features
Nordic investors change approach
Market volatility and the pursuit of yield have been a concern for pension funds since the 2008 market crash. But while the end of 2014 saw solid equity returns and fixed income holdings artificially inflated by lower yields, the first six months of 2015 saw markets hit by uncertainty
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Opinion Pieces
Long-Term Matters: Call to voting advisers
For Sir Mark Moody-Stuart, former chairman of Shell and Anglo American, the hopeful thing about climate change today is that big investors are getting engaged.
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Features
Pensions Accounting: A five-year plan
It’s that time again. The International Accounting Standards Board (IASB) has just launched a public consultation on its work plan for the next three years
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Features
Interview: Rolling back the barriers
Liam Kennedy discusses the role of research in institutional investment with Noël Amenc, who stepped down as director of the EDHEC-Risk Institute earlier this year
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Opinion Pieces
Guest Viewpoint: Philip Neyt - Belgian Association of Pension Institutions
Notwithstanding further reforms, most EU member states have improved the efficiency and financial affordability of their first-pillar pension systems
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Interviews
On the Record: Are you restructuring your fixed income allocation?
Three pension funds - ÄVWL, PP Pension and Sparinstitutens Pensionkassa - talk about their fixed income portflolios
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Features
DC evolution, Netherlands style
A new pension law next year is expected to speed up the move from defined benefit to defined contribution pension schemes that has been taking place in the Netherlands in recent years
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FeaturesHow we run our money: Geroa Pentsioak
Ramón Nieto, CIO of Geroa Pentsioak, explains his fund’s success in achieving high returns
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Features
US Illiquid Credit: Bankers by default
Structural changes in banking, regulation and low interest rates are transforming the illiquid loans market
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FeaturesESG: Real green opportunities
How sustainable are real assets? Can property, accounting for one-fifth of carbon emissions, be green? And how future-proof are infrastructure assets? Jonathan Williams seeks answers
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Interviews
Strategically speaking: Amundi
Perhaps one of the greatest lessons of the 2007-08 period for institutional investors was about liquidity. Equity markets dropped precipitously and credit spreads widened, while liquidity in safe-haven assets dried up and other instruments became impossible to trade
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Features
Fighting a losing battle?
The Swedish government has been considering the future of its AP Fund system since 2011 but, until recently, with little discernible progress
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Features
Asset Management: Expectations coming down to earth
In this final article on a new study, Nicholas Lyster and Amin Rajan argue that the tail winds from quantitative easing (QE) will be easing noticeably
