All IPE articles in September 2008 (Magazine) – Page 2
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Features
Stagflation has arrived
Pension funds are now working in an investment environment that is not only difficult but that has not been seen some time, as George Inderst reports
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Features
Exceptions to the rule
The message from Anne McGeachin on international financial reporting standards (IFRS) was clear: "The IFRS must be applicable worldwide, and we therefore cannot go around exempting jurisdictions.
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Features
Panic sell-off opportunities
The indiscriminate sell-off in European bond markets sparked by the sub-prime crisis has opened up opportunities for canny investors and reminds Joseph Mariathasan of the words of former US president Franklin Roosevelt
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Features
On the offensive when times are tough
When Yves Perrier (pictured right) took over the tiller of Crédit Agricole Asset Management (CAAM) last September, his immediate objective was to ensure that the company had not sprung any serious leaks in the financial storm that had broken the month before. “My first objective was to ...
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Features
New products
Longevity winners index Research, rating and index company E Capital Partner Indices (ECPI), which focuses on environmental, social and governance (ESG) issues, has launched a longevity index consisting of stocks that are set to profit from demographic changes. With the section of the population aged 60 or over expected ...
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Features
Funds risk selling themselves short
As important sources of stocklending, pension funds are under pressure to ensure they are not enabling damaging short selling. David White reports
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Features
Hedge fund index outperformance
With a performance of 5.02%, hedge fund index ARIX (Absolute Return Investable Index) Composite index - which covers the four hedge fund strategies of equity hedge, event driven, relative value and tactical trading and is sponsored by German Feri Institutional Advisors - outperformed its rival investable hedge fund indices in ...
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Features
Fine wine outclassed
As an alternative investment class, fine wine has rewarded investors with steady returns of up to 8% per annum over the past decade, according to the Liv-ex 100 Index. In the 12 months to end-June 2008 a typical fine wines portfolio rose 8.5%. But this has been trumped by ...
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Features
Ripe for fiduciary management growth?
With trustees facing an increasingly complex task in today’s tougher environment will fiduciary management take off in the UK as it has in Holland? David White reports
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Special Report
Reporting extra-financial returns
A research paper entitled ‘The SRI Performance Paradox - How to Gauge and Measure the Extra-Financial Performance of Socially Responsible Investment’ by Christoph Butz (pictured right) and Olivier Pictet of Pictet Asset Management (PAM), suggests that extra-financial returns should be taken into account by investors after quantifying environmental and social ...
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Special Report
Regrets? Not even a few
Bengt Emriksson is retiring as managing director of Kyrkans pensionskassa, the SEK8bn (€856m) pension fund of the Swedish church, after eight years in the job. He talks to George Coats about his career
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Features
Going Dutch on risk sharing
The search for a way to share risk between employers and employees continues in the UK with the recent publication of a consultation document. Gail Moss explores its proposals
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Features
Inflation concerns continue
Yield curve/duration Corporate Europe is worried about the business outlook: both sentiment indicators and real economic news have been deteriorating over the summer. But with headline inflation so far above the European Central Bank’s (ECB) own target rate - in fact it hit double that level in July - there ...
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Features
Hunt is on for commodity-related opportunities
Following record commodity prices this year, index providers are on the lookout for more opportunities related to the commodities boom. MSCI Barra, for example, has already developed the MSCI Agriculture & Food Chain indices, which are part of the MSCI Thematic & Strategy indices family. The new indices are designed ...
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Features
Feeling comfortable with shorts
In 2003 the two biggest Dutch pension funds pulled out of stocklending because they feared that short selling was contributing to market instability. Five years on, some are suggesting that European pension funds should do likewise
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Special Report
Large caps risk from climate change
Many of the world’s largest companies are at risk from the threats presented by climate change. A study by global responsible investment specialists EIRIS of some of the 300 largest cap global companies listed on the FTSE All World Index showed that 35.6% of the companies, representing over $6.8trn (€4.36trn) ...
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Features
Buy-out market shows dramatic surge
New players have entered a market of over €3bn in the past couple of years, finds Nina Röhrbein
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Features
A new world for the brave
The European asset-backed securities market now appears to be in tatters after a period of rapid growth that lasted until just over a year ago. Joseph Mariathasan investigates whether there is still life ahead for the market
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Features
Implementing personal accounts
Liam Kennedy spoke to Paul Myners, chairman of PADA, about default options, charges and implementing best practice for the new personal accounts system
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