Latest from IPE Magazine – Page 283
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Features
Castilian discipline
Nina Röhrbein asked Jaime Martinez-Gómez about the governance, risk and portfolio strategies of Fonditel, the manager of Telefonica’s Spanish pension fund
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Country Report
Switzerland: A change of direction
The existing second pillar remains a holy cow in the Swiss social system. But it seems increasingly possible to convince members that there is no alternative to variable pension payouts, Barbara Ottawa finds
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Country Report
Switzerland: Solidarity put to the test
Peter Zanella assesses the hurdles pension funds must overcome when considering a variable pension model
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Country Report
Switzerland: A mountain of problems
The challenge of applying IAS 19 to Swiss pension provision is a burden that the IASB has done little to ease. Stephen Bouvier reports
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Country Report
Switzerland: Is factor-based allocation new?
Factor-based allocation may be theoretically interesting for Swiss pension funds but it is hard to implement in a practical way, according to Lukas Riesen and Diego Liechti
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Country Report
Switzerland: Investment challenges persist
Gail Moss asked leading commentators for their views on the asset allocation challenges currently faced by Swiss pension funds
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Country Report
Switzerland: East-west divide
There is a clear difference in the level of funding of public pension schemes across Switzerland, Nina Röhrbein finds
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Country Report
Switzerland: 2020 is getting closer
There have been quite a few recent changes to the second pillar. But a new reform initiative aims at a more comprehensive approach and is getting the industry’s support, Barbara Ottawa finds
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Features
Interesting properties
Malie Conway considers European MBS the ‘happy medium’ between liquid REITs and illiquid direct real estate, offering low-volatility returns and floating rates
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Features
Sky-high yield
Paul Read acknowledges that further capital appreciation in high yield is unlikely, and argues that good bottom-up analysis is now crucial for capital preservation and decent returns
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Features
Risk management under the AIFMD
Kai Braun and Désirée Springmann describe the major changes ahead for private equity and real estate fund managers
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Features
The art of engagement
One trend to emerge from the financial crisis has been an improvement in engagement, as Nina Röhrbein finds
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Interviews
Low fashion, high durability
As Thornburg Investment Management’s fourth employee, Brian McMahon arrived in Santa Fe in 1984 around the same time as the firm acquired a second-hand fax machine from the unsuccessful presidential campaign of Walter Mondale.
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Special Report
Outlook 2014: Nothing to lose but your supply chains
This summer I was lucky enough to spend my holidays travelling around Turkey.
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Special Report
Outlook 2014: De-globalisation
Long-established patterns of global trade have started to change. Martin Steward looks into the reasons why, and the longer-term investment implications
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Special Report
Outlook 2014: Smooth sailing or stormy seas?
Pension funds have long had an interest in global shipping as a way to benefit from global trade. As shipping rebounds, Christopher O’Dea reviews the long-range outlook
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Special Report
Outlook 2014: As strong as the weakest link
Shorter supply chains may make it easier to monitor and manage risk, but Nina Röhrbein warns that they do not make the risk disappear
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Special Report
Outlook 2014: From ukuleles to kidneys
Thirty years after the invention of 3D printing, the technology has brought mass customisation to consumers and huge growth opportunities to industrials, writes Jennifer Bollen
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Special Report
Outlook 2014: The industrial renaissance
Labour, energy and technology revolutions are re-shaping globalisation. And while the initial gains appear to be in the US, Henk Grootveld sees potential across the developed world
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Special Report
Outlook 2014: The coming US dollar drought
If the US imports less energy and exports more goods, its current account deficit could continue to shrink. Charlotte Moore asks what this means for economies reliant on US dollar liquidity
