Latest from IPE Magazine – Page 246
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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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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
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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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
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
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
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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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Special Report
In search of the sweet spot
Low interest rates have been painful for unhedged DB pension funds. In the UK, where the first policy rate rises are expected next year, long-term yields could flatten further and magnify liabilities. Decisions about hedging ratios remain paramount, as Charlotte Moore finds
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Features
Prudence penalty
As we mark seven years since the bankruptcy of Lehman Brothers this month, the blunt instrument of regulation still hangs over pension funds with respect to European derivatives trading
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Country Report
Pensions in the UK: A 10-year scorecard
The advent of The Pensions Regulator and the Pension Protection Fund in 2005 changed the UK occupational pensions sector for good. But have they changed it for the better?
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Country Report
Pensions in The Netherlands: A continuing soap opera
Now that attempts to radically overhaul the Dutch pension system have floundered owing to legal problems, union opposition and politics, efforts to future-proof the second pension pillar have favoured evolution over revolution
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Special Report
Securities Services: Tougher times for providers
Securities services providers are having to raise their game in response to demands of clients who face both increasing regulatory pressures and a low-yield environment
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Features
Smart beta bonds: Not so fast
Carlo Svaluto Moreolo looks at the reasons behind the dearth of smart beta fixed-income products
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Features
Asset Allocation: The big picture
The plunge in China’s stock market in July was dramatic. There is still debate about how worried global investors ought to be
