Latest Special Reports – Page 88
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Special Report
ESG: Sunny side up
Investors in solar power are responding to changes in the markets and finding new ways of gaining exposure, says Nina Röhrbein
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Special Report
Outlook 2013: Euro Scenarios: Breaking up is hard to do
Quite apart from the investment risks associated with the euro-zone break-up scenario, it introduces complex legal and operational challenges. Charlotte Moore looks at the situation for both investment and non-financial firms
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Special Report
Outlook 2013: Euro Scenarios: The euro-zone’s no-man’s land
Germany’s bonds are safe-haven, ‘risk-off’ assets. Spain’s are ‘risk-on’ assets. But Maha Khan Phillips asks how investors should think about allocations to markets like France and Belgium
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Special Report
Integrating ESG issues with executive pay
By linking executive pay to transparent and measurable ESG factors, companies can show they take ESG issues seriously. Nina Röhrbein reports on work being done in this area
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Special Report
Active on governance
Robert Monks tells Nina Röhrbein that institutional investors must get more active in corporate governance
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Special Report
Currency Management: Minding the pennies and cents
Pension funds are learning that currency costs need to be managed, writes Gerry O’Kane
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Special Report
Risk Managed Equities: Theory and practice
Low-volatility portfolios seem, empirically, to outperform high-volatility portfolios, and there are plenty of theories to explain why. But Lynn Strongin Dodds finds practitioners tinkering with the pure expression of this insight because lowering volatility risk results in other risks popping up in its place
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Special Report
Risk Managed Equities: More than just excess return
If the low-volatility ‘anomaly’ did not exist, would pension funds still have risk-management uses for these strategies? Rachel Fixsen investigates
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Special Report
Risk Managed Equities: Unmasking the wizards
AQR Capital Management tries to direct its clients’ attention away from the supposed insights of market ‘wizards’ and back on to what makes markets tick. Martin Steward caught up with some of its senior leadership in its new London office
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Special Report
Risk Managed Equities: A better mousetrap
A pioneer of the alternative indexing world weighs in with a minimum-variance product. Martin Steward talks to Rob Arnott about his latest innovation
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Special Report
Risk Managed Equities: CAPE crusaders
Barclays has launched three indices based on Robert Shiller’s cyclically-adjusted price-earnings ratio for sectors. Martin Steward met the Yale academic to discuss what they bring to the growing world of ‘smart beta’
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Special Report
Risk Managed Equities: Winning by not losing
Rich Dell and Phil Edwards explore the nature of low-volatility offerings and the challenge created by the proliferation of idiosyncratic strategies
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Special Report
Risk Managed Equities: Low-vol equities: mind the gap
Stephen Miles looks at the pitfalls between a smart idea and its smart execution
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Special Report
Risk Managed Equities: Betting on low-vol stocks
Anthony Harrington looks at the debate between minimum variance strategists and risk-efficiency strategists. Is one solution merely a staging post on route to the other?
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Special Report
Currency Management: Yen and now
Through the 1990s and most of the 2000s the Japanese yen funded a host of the world’s most lucrative carry trades. Daniel Ben-Ami examines whether recent fixes mean that the euro has already shuffled off its role as ‘the yen for the 2010s’
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Special ReportCurrency Management: Still overpaying for FX?
An agency approach to FX execution promises substantial savings. Lloyd Raynor suggests that it is time to give this area more attention
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Special Report
Currency Management: More than one way to play the renminbi
Theory and history suggest that China’s currency should appreciate along with its economic growth. But Charlotte Moore finds investors looking for other routes besides the fast-growing ‘dim-sum’ market
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Special Report
Risk Managed Equities: The funding dilemma
With its desire to de-risk and its growing deficit, the Strathclyde Pension Fund is one of many ideal candidates for the risk-managed equities experiment. Martin Steward reports on its plans
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Special Report
Risk Managed Equities: Smart beta – a cautionary tale
By moving away from the market portfolio smart beta solutions add risk, argues Jeff Molitor. Investors need to be aware of this, and of the fact that taking active risk needs to be well timed
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Special ReportGerman Asset Management: End of the KAG
A new draft law proposes placing KAGs under a new framework, writes Till Entzian. The industry’s challenge will be to retain the identity and reputation of the Spezialfonds
