Latest from IPE Magazine – Page 272
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Country Report
France: Search for yield drives market
French insurers now delegate more than €100bn to third-party managers, finds Richard Bruyère. But asset managers must adapt their business models if they wish to benefit
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Special Report
Africa: African horizons
Four years ago I attended the launch of a Middle East and North Africa fund. Much was made of the long-term potential of the region’s young population, which seemed to compare so favourably with Europe’s – not to mention Russia’s and large parts of Asia’s. I asked about the risks associated with a preponderance of young men in the event of sluggish growth or job-creation and the portfolio manager politely played them down. Nine months later Mohamed Bouazizi set himself alight in Tunisia.
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Special Report
Africa: The capital of Africa
Charlotte Adlung looks at how the changing nature of the sub-Saharan African economy should generate more private investment capital, institutionalising markets and improving governance
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Special Report
Africa: Crossing the borders
Charlotte Adlung outlines changes to the pension fund regimes of South Africa and Nigeria that have the potential to unlock significant capital for investment in sub-Saharan Africa
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Special Report
Africa: Pivotal point
African countries tapped the eurobond market for a record amount of funds in 2013, and now stand at a pivotal point. Christopher O’Dea finds those with sound financial policies will continue to attract capital, while those that squander proceeds will fall out of favour with global investors
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Special Report
Africa: A work in progress
Daniel Ben-Ami looks at North Africa and finds that, while pursuing the positive stories associated with Egypt may still be something of a gamble, Morocco offers a less risky way to exploit some similar themes
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Special Report
Africa: Out of Africa, off-exchange
Joseph Mariathasan considers the pros and cons of listed and unlisted sectors in Africa, and concludes that investors should probably let the lines blur to get the most out of the region
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Special Report
Africa: Could Africa feed the world?
Anthony Harrington asks whether the inextricable links between agriculture and infrastructure will constrain or unleash investment in Africa’s food-production potential
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Special Report
Africa: Real estate opportunities
Daniel Metcalfe outlines the development of commercial real estate in sub-Saharan Africa, which is increasingly a story of tight supply
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Features
Geology doesn’t end at the border
Europe sits atop abundant shale energy reserves and Moscow’s annexation of Crimea has catalysed interest in unlocking it to reduce dependence on Russian gas. Tapping those reserves will be a long-term investment proposition, says Christopher O’Dea
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Features
Bond platform rivalry heats up
Pension funds and other institutional investors are searching for alternative ways to find liquidity in fixed income. Bond platforms are vying for the job, writes Maha Khan Phillips
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Interviews
Performance built on research
Unigestion’s investment principles tell us that it is “not swayed by short-term trends or techniques which are in vogue”. At first glance that might seem a bit rich, considering its reputation for minimum-variance equities – about as “in vogue” as it gets.
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Asset Class Reports
Private Equity: Tailored solutions in vogue
The relationship between the largest private equity investors and their general partners is evolving as the demand for more specialised, bespoke portfolios grows. Joseph Mariathasan describes the landscape and the pitfalls it threatens for unprepared funds of funds and GPs
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Asset Class Reports
Private Equity: Handing over the reins
Planning for a buyout firm’s future can be tricky and emotional, writes Jennifer Bollen
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Asset Class Reports
Private Equity: Private equity titans, time to retire
Immense personal wealth and diversified, publicly-owned businesses give a certain type of private equity manager a free option at his LPs’ expense, argues Cyril Demaria
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Features
Rates of change
A multi-polar growth and monetary landscape will require a less constrained approach to fixed income, argues Stephen Cohen. Right now emerging markets look like an attractive prospect
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Features
Credit where it’s due
Of the 22 investors polled for this month’s Focus Group, seven feel that credit has become more important in their fund’s portfolio over the past five years, and a further 10 believe it has become slightly more important. Only two rate credit as less important.
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Features
Outward bound
We seem to get out of the office so rarely these days. All of us spend more time dealing with electronic communications that simple, face-to-face contact takes place less often than it used to.
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Features
Exploding the asset allocation myth
The old dictum of ‘fix asset allocation and the numbers will follow’ no longer works, says Amin Rajan, and a world-class strategy is now worthless without world-class execution
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Special Report
Near the cliff edge
Elisabeth Jeffries asks whether investors will be discouraged by an end to specific renewables targets for EU member states
