Latest from IPE Magazine – Page 71
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FeaturesUkraine & Russia: Asset allocation and investing in a time of war
It is a well-known fact that geopolitical events have no lasting impact on financial markets. However, Russian president Vladimir Putin’s decision to wage war on Ukraine has forced institutional investors to reassess their strategies. While stock market indices tend to recover fairly soon after the initial shock of a geopolitical event, the conflict between Russia and Ukraine has potentially wide-ranging consequences beyond a sudden spike in volatility.
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Features
The case for an EU consolidated tape
Liquidity. Equality. Fragility. With apologies to the French Republic, these three words almost act as a lodestone in discussions about a consolidated tape (CT) for EU securities. The need for such a tape is becoming more apparent than ever, but it could still be three years or so before it become a reality, according to Susan Yavari, regulatory policy adviser at the European Fund and Asset Management Association (EFAMA) and the author of a detailed official position paper on the subject published in mid-February.
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FeaturesFixed income, rates & currencies: War and inflation dominate
While we watch horrible scenes of towns and cities under bombardment, their bewildered and bloodied citizens desperately searching for safety, the huge shockwaves generated by the Russian invasion of Ukraine are spreading rapidly far beyond both countries’ borders.
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FeaturesAhead of the curve: The future looks bright for African private equity
The Russian-Ukrainian war and its related global impact may have a mixed effect on economic recovery in Africa, which is being driven by worldwide economic trends such as elevated commodity prices, a relaxation of lockdowns, and increased global trade. With further increases in commodity prices having a positive impact, increased inflation and further possible roll-backs in globalisation weigh on the recovery.
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FeaturesDefining the precise scale advantages for DB pension funds
Most people working in the institutional asset management space have an intuitive understanding that the size of the institution, measured by total assets under management (AUM), has an impact on performance – that bigger funds tend to perform slightly better. On the other hand, there are plenty of stories of successful hedge funds that got too large and lost their way, unable to continue delivering on past success due to their size. So which is it? Do larger institutional investors outperform their smaller kin, or is AUM the proverbial millstone in terms of performance?
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Features
Qontigo Riskwatch: April 2022
* Data as of 28 February 2022. Forecast risk estimate for each index measured by the respective US, World and Emerging Markets Qontigo model variants
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Features
IPE Quest Expectations Indicator commentary April 2022
With a threat of nuclear war looming, Russia increasingly looking exhausted and desperate but unwilling to make concessions and a Russian default threatening, the world is again as dangerous as it was during the cold war. A default now cannot be compared with Russia’s de facto default in 1998.
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Special ReportSpecial Report - Regulation
Europe’s flagship SFDR regime for ESG was never intended to become a fund-labelling framework. So as Susanna Rust also writes in this issue, it is a relief that the EU is now consulting on minimum requirements for Article 8 funds. In this Special Report, we look in some depth at how asset managers have embraced SFDR, taking in the broad reclassification exercise that has taken place to relabel existing funds, and the short-term risks of greenwashing. In the longer term, the hope is for much more standardisation and there are signs that this is already happening.
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Country ReportCountry Report – Pensions in The Netherlands (March 2022)
The nominal treatment of liabilities in the Netherlands’ FTK pension regulatory framework means schemes don’t need to explicitly hedge inflation. But Dutch inflation came in at one of the highest rates in the euro-zone in January, and there has been strong criticism in the last decade about pension indexation cuts.
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Country ReportDutch pension funds tackle inflation
With a nominal liabilities framework under the current FTK rules and a new system around the corner, Dutch schemes are not rushing to inflation-proof their portfolios
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Special ReportRegulation: SFDR put to the test
One year in and the verdict on the EU’s Sustainable Finance Disclosure Regulation (SFDR) is mixed
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Country ReportProfile – Carola Schouten: New pensions minister to push for solidarity
The Hague’s first dedicated minister for pensions has a prodigious task ahead in implementing new collective DC framework
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Special ReportMiFID II: A threat to European sustainability?
MiFID II is unintentionally jeopardising the long-term objectives of ESG investors
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Country ReportQ&A: Regulator takes stock on climate risk reporting
IPE asks DNB climate policy specialist Sven van den Beld for a progress report on how pension schemes are monitoring carbon-related risks
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Special ReportCSDR’s settlement penalties kick in
New regulations attempt to clarify and standardise securities settlement procedures
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Country ReportAdministration: APG buys in from Dutch newcomer
Sameer van Alfen & Lieuwe Koopmans The Netherlands’ largest pension provider has opted to partner with a Danish provider in a move observers have hailed as ‘brave’
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Country ReportInvestment strategy: Asset allocation at a time of uncertainty
Senior investment figures give their views on asset allocation
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