Latest Special Reports – Page 74
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Special Report
Active Management: DIY active
Charlotte Moore looks at the smart beta phenomenon and asks, is it really ‘smart beta’, or rather ‘cheap active’?
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Special Report
German Asset Management: The devil’s in the details
Barbara Ottawa looks at the impact of legislative and regulatory changes on the German asset management industry
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Real Assets: Material changes
Is there is a tension at the heart of this month’s special report? On the one hand, we write about markets undergoing significant change. On the other, we deal with issues arising from the pursuit of dependable, boring, long-term cash flows from real assets.
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Special Report
German Asset Management: Willing but mostly unable
Low yields mean German institutions continue to look at infrastructure. But the opportunities they find are mostly unattractive, says Barbara Ottawa
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Special Report
Real Assets: Let's roll
Backwardation is back in commodity futures curves. Martin Steward asks, can investors at last expect to be paid for taking risk in the asset class, or is it a flash in the pan?
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Special Report
German Asset Management: Robust in spite of regulatory change
Institutional investors have maintained their confidence in Spezialfonds through the regulatory changes of the past few years and providers can look forward to a good 2015, according to Till Entzian
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Special Report
Real Assets: Digging a way out of the hole
The misery index reached a new low in Australia this summer as the mining slump continued to bite. But, as Christopher O’Dea reports, a new round of investment is looming as leading emerging-market producers target a bigger share of revenue from their mineral resources and mining companies cut unprofitable projects
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Special Report
Real Assets: Generating returns
Energy and power in Europe is subject to long-term plans to improve the single market, but also buffeted by the short-term vicissitudes of politics, geopolitics and even natural disaster. Daniel Ben-Ami attempts to clarify the investment themes
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Special Report
Real Assets: Real challenges
Frances Hudson outlines just how many obstacles lie between pension funds and investment in European real assets, and calls for further debt and securitisation to open up the market
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Special Report
Real Assets: The sting in the loan tail
Frédéric Blanc-Brude and Majid Hasan present a rigorous – yet implementable – framework for measuring the performance of private infrastructure debt
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Special Report
Real Assets: Learning from the crisis
European commercial real estate debt is a compelling investment opportunity. But Gareck Wilson warns that new entrants must consider the lessons learned during the recentdownturn, as they provide a valuable insight into the potential pitfalls
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Special Report
Top 1000: Austria - The fight against inertia
Every Austrian born after 1955 who has accrued pension benefits in the state pension system now has a new account, the Pensionskonto. And for the first time, each citizen has also received a letter in which they are informed about their pension benefits from the first pillar pay-as-you-go scheme.
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Special Report
Top 1000: Belgium - Plenty more to do
The new government has received a raft of recommendations to fix the disparities in the country’s pension system. Is it too little too late?
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Special Report
Top 1000: Denmark - Ahead on Solvency II
The regulator and pensions association have been working on a standard solvency model that guarantees equal protection for policyholders. Many elements of Solvency II are in place.
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Special Report
Top 1000: Finland - A focus on solvency and governance
Implementation of Solvency II continues apace. Wide-ranging reforms will raise the retirement age and there has been a focus on transparency following a governance scandal.
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Special Report
Top 1000: France - Growth for PERCO
Supplementary PERCO plans have seen strong growth but funded pension schemes are still concerned about Solvency II.
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Special Report
Top 1000: Germany - Issues with AIFMD implementation
New regulations implementing the AIFM Directive might limit the use of certain alternative investment vehicles.
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Special Report
Top 1000: Iceland - Countdown to the end of capital controls?
Despite their considerable overseas asset holdings, Iceland’s pension funds remain heavily invested in a domestic market showing signs of overheating.
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Special Report
Top 1000: Ireland - The state steps in
As a new regulatory structure beds down, minor but important changes have been made to reintroduce equity into the pensions system.
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Special Report
Special Report - Securities Services: Margin of error
It’s tough making an honest euro in custody banking. Users of these services might be forgiven for thinking that wherever banks can bury sharp practices in obscure parts of their businesses, they will – and the findings of the UK finance regulator’s recent investigation into transition management won’t put their minds at rest.
