Latest Special Reports – Page 105
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Special Report
Liquidity fears dampen alternative ETF allure
While interest grows in new esoteric ETF products, institutional investors are unimpressed with the lack of liquidity in some areas, writes Maha Khan Phillips
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An alternative to Spezialfonds
Liam Kennedy spoke with Universal Investment about an alternative to the Spezialfonds that could also assist Germany’s first steps towards attracting international pension pooling business
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Case for bespoke asset management
Spezialfonds remain a preferred method of investment for institutional investors. But Till Entzian finds that the investment vehicle could be under threat from AIFM guidelines
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A climate of change driving SAA
A new research project by Mercer will look at the opportunities and risks inherent in climate change by region and asset class. Nina Röhrbein reports
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Special Report
The price of everything but the value of nothing
Market volatility and shaky counterparties have focused attention on valuation methodologies and the data underpinning them, finds Brian Bollen
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Transition in transition
The BlackRock-BGI merger is just the biggest whirlpool in a transition management industry in flux. Brian Bollen examines the intersections between evolving businesses and processes
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Special ReportIn the interim
The challenges of the past two years have led to a broadening of transition management services, and in particular growth in interim asset management, writes Lachlan French
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Spotlight on the guardians
Pension funds are becoming increasingly aware of the need to keep tabs on the performance and costs of their custodians as their role becomes ever more complex, writes Ian Morse
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Special Report
Custody in a post-Lehman world
While safe-keeping is now in the spotlight, it is in investment managers’ search for a business model to withstand a bull or bear market that a custodian can addtrue value, says Andrew Gelb
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Special Report
Looking to the future
The credit crisis – and particularly problems around cash re-investment – focused the attention of beneficial owners on their securities lending programmes. Blair McPherson argues that this is an opportunity for the industry to step out of the shadows
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Special ReportSafe and secured?
Collateral management is integral to several activities of the modern pension fund, and the Lehman Brothers bankruptcy re-wrote its paradigms, finds Martin Steward
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Special ReportCommodities conundrum
Martin Steward tries to pin down the nature of the commodity risk premium
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Special ReportCover all angles to stay ahead in the game
Adam Taylor of Liongate Capital argues that a diversified portfolio of alpha managers is the optimal exposure to the commodities story
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Special Report
Upheavals in the fee world
Credit crisis pressures are forcing trustees and boards to seek more from their custodians both in terms of better risk management and lower costs, finds Iain Morse
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Special Report
Trillions of dollars of expense
US institutions discussed the prospect of a new investment world at the Milken Global Conference in Los Angeles at the end of April. Liam Kennedy, who moderated the institutional investors’ panel, here discusses what they had to say
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Special Report
Sound FX
It is not certain whether the currency risk of an equity portfolio can be hedged effectively. Martin Steward assesses this and pension funds’ changing approaches to currency risk
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Special Report
Use some discretion
In a volatile environment, systematic quantitative styles of currency management struggle to find their footing. Fundamentals-based strategies provide the best alpha-generation and preservation opportunities, argues Mark Farrington
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Special Report
Gold: currency of last resort?
It has been years since the world abandoned the gold standard, but now, for many institutional investors, allocating to gold has become about currency and inflation hedging, writes Maha Khan Phillips
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Special Report
Keep it simple
Choosing collateral and counterparty wisely will help to mitigate substantially against the future risk of default in securities lending, finds Iain Morse
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Special Report
Seeing the wood for the trees
Timberland is growing in favour as distressed sales make the investment affordable. Nina Röhrbein discusses the sustainability aspects
