Latest from IPE Magazine – Page 239
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Features
ECB should not allow funds to suffer ‘collateral damage’
The European pensions industry must not become collateral damage as the European Central Bank (ECB) rolls out its quantitative easing (QE) programme and increases pension deficits, PensionsEurope has urged
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Features
Infrastructure: Getting by with a little help from your friends
The UK government has long promised infrastructure assets for pension funds to invest, but with international schemes often larger, we looks at how domestic ones participate
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Features
EIOPA ignores industry ire in stress test crusade
Would Europe’s pension funds be able to withstand a sudden reversal in asset prices, with the stock spreading across all developed nations?
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Opinion Pieces
Long-term Matters: Human capital dilemma
Institutional investors are being asked to take sides in corporate/union disputes, the latest being National Express and Teamsters
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Opinion Pieces
Letter from Brussels: Awaking a sleep-walking economy
A few more European cross-border lending opportunities have started to emerge. This follows anticipation of the European Investment Plan launched by Jean-Claude Juncker
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Opinion Pieces
Letter from the US: DB pensions bond bind
US corporate pension funds are caught in a dilemma. They are buying long-dated bonds to match their liabilities but in doing so they are driving down their yields, making liabilities look more expensive
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Opinion Pieces
Guest Viewpoint: Dick Boeijen & Niels Kortleve - PGGM
“The Netherlands can learn from countries with more experience of DC and other countries can profit from Dutch expertise of risk sharing”
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Interviews
On the Record: Are you anticipating a European recovery?
Three pension funds - APK, Fondenergia and Pensioenfonds TNO - share their views about Europe’s recovery
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Features
Briefing: What the IASB insurance model could spell for pensions
With the IASB about to embark on an overhaul of pensions accounting, Stephen Bouvier looks at what it might mean to apply the board’s insurance liability model to a pension promise
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FeaturesHow we run our money: PFZW
PFZW’s decision to divest from hedge funds was just one element of a comprehensive investment overhaul. Peter Borgdorff and Jan Willem van Oostveen talk about their fund’s renewed strategy
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Features
Focus Group: Recovery to continue
Fourteen of the 21 investors polled for this month’s Focus Group are confident that Europe’s economic recovery is sustainable in the medium term. “No inflation and labour problems are too serious to be solved in the next 18 months,” said an Italian fund.
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Features
Diary of an investor: Smart thinking
Last month I spoke to Katrine, who has taken over as CIO at Pension København, to discuss the co-operation agreement we signed a couple of years ago. When we finished talking about wind farms we discussed risk-and-return sources. Like some of the large Danish pension funds, PensionKøbenhavn has done a lot of work on this subject.
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Features
Ahead of the curve: Is there a bull in the China shop?
The rise in Chinese stocks up more than 60% since late 2014 has raised concerns about a bubble that might burst
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FeaturesAsset allocation: The big picture
Are strong equity markets signalling an optimistic outlook for economic growth? Possibly, although economic data – particularly from the US and China – has been pretty disappointing since the start of this year. This year’s strong equity performance may have more to do with the fact that money remains extremely easy and economic growth, although dull, remains steady.
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Features
Fixed income: 2015 in sovereign bonds
The first four months of 2015 were characterised by a rally in sovereign bond markets, aided by accommodative central bank policy and mounting uncertainty over the sustainability of Greek debt.
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InterviewsStrategically speaking: NN Investment Partners
The rebranding of ING Investment Management, a well-recognised name in European asset management, is the epilogue to an intricate story that began during the financial crisis of the late 2000s
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Features
ESG investment: A Japanese carrot and a stick
In 2014, four years after the UK, Japan became the first country to issue a similar Stewardship Code. He look at the cultural shift occurring in a market traditionally lacking engaged investors
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Asset Class ReportsBuybacks briefing: Eating their own cooking
In the past few years, companies from many sectors have found a single new favourite investment – their own stock
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FeaturesEvent shortfall: Taking account of unmeasured opportunity costs
Investors should be aware of the costs incurred when reallocating assets within portfolios
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Special Report
The language of infrastructure
Frederic Blanc-Brude argues that a new data and monitoring framework will help investors improve their decision making on infrastructure investments
