All articles by Liam Kennedy – Page 15
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News
Liam Kennedy on PIMCO: Away from it all
IPE’s editor, Liam Kennedy, looks back to a simpler time for beleaguered asset manager
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Features
Interview: Rolling back the barriers
Liam Kennedy discusses the role of research in institutional investment with Noël Amenc, who stepped down as director of the EDHEC-Risk Institute earlier this year
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Interviews
Strategically speaking: Amundi
Perhaps one of the greatest lessons of the 2007-08 period for institutional investors was about liquidity. Equity markets dropped precipitously and credit spreads widened, while liquidity in safe-haven assets dried up and other instruments became impossible to trade
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Features
Prudence penalty
As we mark seven years since the bankruptcy of Lehman Brothers this month, the blunt instrument of regulation still hangs over pension funds with respect to European derivatives trading
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Special Report
Tracking Railpen’s switch
Liam Kennedy asks Paul Trickett about the progress the Railpen Investments board is making in changing the way it invests
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Features
Time to focus
Few would see an immediate parallel between the pension fund world and that of commercial aviation. Yet the story of the Douglas Corporation is interesting
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Special Report
Pension Fund Governance: In the eye of the beholder
Good governance is perhaps easier to identify from a distance than it is to put in place. By the very nature of decisions, its benefits for pension funds are easier to assess with the benefit of hindsight
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News
PFZW demands ‘change in mentality’ over carbon emissions approach
Pension fund says its 2020 target to halve carbon emmisions should help create a more sustainable world
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Features
QE: Uncertainty is Queen
It is unsurprising that Dutch pension funds sought to voice their concerns about the effect of QE on their sector before that decision was ratified
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Special Report
What is risk parity?
All theory is grey, dear friend /And green the golden tree of life. The words of Mephistopheles in the first volume of Goethe’s Faust distinguish academia from the attractions and contradictions of the real world
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FeaturesHow we run our money: PFZW
PFZW’s decision to divest from hedge funds was just one element of a comprehensive investment overhaul. Peter Borgdorff and Jan Willem van Oostveen talk about their fund’s renewed strategy
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Special ReportTop 400 Asset Managers 2015: Global assets top €50trn
Once again, IPE surveyed over 400 managers for this year’s study, canvassing end-2014 data in most cases. The results give a broad overview of the global asset management sector, with granular depth on European managers and institutional business
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News
Fixed income holdings at Dutch pension fund PFZW return 43%
Healthcare scheme reports annual result of 15.5%
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Special ReportThe Technology Sector: Potential in the exponential
The cost of computer processing power has decreased exponentially over recent decades, a trend we are all familiar with when we compare the clunky IBM PCs of the 1980s or 90s with today’s smartphones
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Features
Hard to explain
The European Central Bank’s QE programme is taking its toll on pension funds as healthy returns are unable to keep pace with liabilities
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Special Report
Credit: A change in dynamics
Remember covenant-lite loans? By 2009, risk-averse investors exercised huge influence over issuers and were able to obtain high levels of protection in the high-yield market
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Features
Success (and failure) factors
Most of the success or failure of a pension system can be attributed to design and input factors
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Features
Asset allocation: Where next?
Against the current economic backdrop, trustees and investment committees are unsure which sources of return they should allocate capital to, Liam Kennedy writes
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Features
Juncker needs you!
Pension funds, take note. Jean-Claude Juncker, European Commission president, wants your money to invest in a laundry list of up to 2,000 projects.
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Special Report
Special Report ESG: Carbon Risk, A low-risk path to carbon reduction
The low-carbon index approach adopted by AP4, FRR and ERAFP aims to mitigate climate change (and career) risk, writes Liam Kennedy
