Latest from IPE Magazine – Page 35
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Opinion PiecesActive management is back on the menu for US pensions
Rising rates and market volatility are forcing US pension funds to rethink their approach to passive and active investing. They are realising that their US stock portfolios are not diversified enough to help protect against a correction. But change may not come so fast.
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FeaturesAvoided emissions: measuring carbon that didn’t enter the atmosphere
A few years ago, a footwear producer’s claim that it was reducing carbon emissions in the economy because its customers walked rather than took the car provoked amusement among investment managers. It wanted to prove its product was healthier and greener than competing transport modes by claiming credit for emissions prevented from petrol use. This autumn, assessments of the role played by individual low-carbon products in replacing fossil fuels are again under scrutiny in the finance sector.
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FeaturesPrivate debt managers bullish despite uncertainty
When the global financial crisis wreaked havoc across the banking sector, private credit emerged as a potential winner.
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Opinion PiecesSuper funds voice corporate governance concerns with Australian business
At its recent annual general meeting in Melbourne, Qantas, Australia’s national carrier, was lambasted by irate shareholders over a litany of grievances, not least the role of chairman Richard Goyder and the board over what shareholders saw as the mismanagement of the airline.
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Special ReportManaging risk in securities class actions
Securities class actions (SCA) are a form of collective redress. Shareholders seek compensation for losses suffered as a result of some form of corporate misconduct. They rely upon free market forces, its rules, regulations and factors affecting market price. For professional shareholders such as institutional investors, it is best to look upon any involvement with SCAs as another form of investment yielding a potentially, significant return in future. The duties of any institutional investor – whether as a fiduciary or otherwise – is to focus on what is in the best interests of the fund and its beneficiaries. It does not require the expenditure of more money (or the value of management time) than is likely to be received. What is necessary is the consideration of the issues and the management of risks.
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Special ReportDouble-edged benefits of litigation financing
European pension funds have become familiar with class action litigation, often tying it in with their fiduciary responsibilities as shareholders. Cases against UBS regarding its takeover of Credit Suisse; EY as auditor of fraudulent German payments firm, Wirecard; and Silicon Valley Bank, which collapsed in March, are the headliners of 2023.
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Country ReportSpanish pensions report 2023: funds ride a wave of uncertainty
Diversification remains a key tool in pension fund portfolios
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Special ReportESG Guide 2023: The future of sustainable finance
With or without the backlash against ESG in the US, big questions have been looming over the sustainable finance industry – like ‘is sustainable finance working?’.
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Country ReportSwitzerland pensions report 2023: funds consider next move with UBS and Credit Suisse
Fears of market concentration in asset management and custody services are leading Swiss Pensionskassen to rethink relations with the enlarged UBS
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Asset Class ReportsRefinancings: private equity out in the cold
Activity has been disappointing due to macroeconomic headwinds and geopolitical tensions
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Country ReportSwiss Pensionskassen strengthen their stewardship role
Swiss pension funds are broadening their proxy voting and exclusion policies while joining efforts to engage on real estate and biodiversity
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Special ReportIs sustainable finance working?
Sustainability is now a top consideration for investors, but there is little evidence it is leading to a more sustainable economy
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Asset Class ReportsCautious welcome for contentious SEC private equity rules
Representatives of private equity limited partners broadly support the SEC’s recent private fund adviser rules
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Country ReportEthos makes active use of voting rights
Ethos CEO Vincent Kaufmann speaks to Luigi Serenelli about the Swiss Foundation for Sustainable Development, which is composed of 252 pension funds and public utility foundations. Ethos was founded in 1997 and aims to promote socially responsible investment by its active participation in company AGMs
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Asset Class ReportsPrivate equity managers reflect on AI’s power to transform healthcare
There are plenty of opportunities for investors, but the regulatory obstacles must be understood
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Special ReportPlenty left for EU sustainable finance policy to tackle
European policymakers have gone full throttle on sustainable finance over the past five years. Do they have the wherewithal to finish the job?
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Asset Class ReportsAustralia’s QIC makes inroads in Europe and US for mid-market market private equity
The Australian private equity manager has drawn on the knowledge of its Danish head of Europe to gain global assets
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Special ReportIs there a role for ethics in ESG investing?
What if investors acknowledged that, sometimes, some things are just the right thing to do?
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Country ReportAsset allocation for Swiss pension funds: end to the drift away from bonds?
Markets and a growing familiarity with alternative assets have seen portfolio structures move slightly last year but despite the rise in interest no sudden movements are expected
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Country ReportSwiss pensions: difficult 2022, partial recovery in 2023
The Complementa Risk Check-up is conducted annually and provides insights into the Swiss pension fund market. Andreas Rothacher and Ueli Sutter share some of the highlights of their findings
