All Special Report articles – Page 103
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Special Report
Liabilities & Matching Strategies: Modelling realities
Con Keating identifies some key problems in asset-liability modelling and liability-driven investment based on mixed-attribute accounting
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Special Report
Liabilities & Matching Strategies: All the King’s men
Rodrigo Olivares-Caminal untangles the issues for pension funds that find themselves creditors of a sovereign in default
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Special Report
Sovereign cycles: a return to the norm?
The absence of a sovereign debt crisis between 2003 and 2008 was part of the historical cycle, not a new paradigm, writes Scott B MacDonald. Bond-biased investors should prepare for the inevitable return of the painful part of that cycle
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Special Report
ESG risk in a portfolio context
Nina Röhrbein reports on research into the implications that a ESG strategy can have upon asset allocation
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Special Report
Lukewarm on weather derivatives
Nina Röhrbein reports on whether investors are turning to weather derivatives as a means of assuaging climate change concerns
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Special Report
Europe's Pension Consultants: One-stop shop
Trustees now have various opportunities to delegate some investment decision-making. Gill Wadsworth asks whether fiduciary management is a better bet than implemented consulting
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Special Report
De-risking drives competition
Iain Morse reports from a cost-conscious UK custody market as trustees aim to comprehend, and lower, their risk exposure
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Special ReportEurope's Pension Consultants: Rapid change
Twin trends of consolidation and thriving specialist boutiques coincide with an urgent debate about the role of advisers and ownership of responsibility within the pensions governance complex. Martin Steward looks at optimising the cooks-to-broth ratio
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Special ReportRisk Management: Multi-stakeholder
Bart Oldenkamp and Herman Bril argue that strategic risk management is the most important policy tool for defined benefit pension funds
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Special ReportRisk Management: Extreme risks
Tim Hodgson takes a qualitative approach to ranking extreme risks and assessing their interconnectedness
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Special Report
Risk Management: Crash testing: don’t be a dummy
Instead of chasing after an infinite number of possible events, a risk manager must consider a limited number of impacts when stress or crash testing, argue Arcady Novosyolov and Daniel Satchkov. The challenge is to pay more attention to more plausible impacts without making specific timing predictions
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Special ReportAsian debt takes centre stage
Asian debt provides diversification and good risk-adjusted returns, argue emerging markets managers. Maha Khan Phillips takes a look at how institutional investors can access the asset class and where the best opportunities lie
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Special Report
Going green in emerging markets
Green is gaining in currency with investors. ATP has just announced a €1bn investment to a fund focused on emerging markets and climate change, while the World Bank’s green bond issues have been snapped up. Nina Röhrbein reports
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Special Report
ESG progress in emerging markets
China had more than its fair share of bad press off the back of December’s UN Climate Change Conference. But Andrew Ness points to cutting-edge sustainable technologies in Asia, as well as real progress on social and governance fronts
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Special Report
Time to build the new world
The growth of Asia is undoubtedly one of the great investment stories of the coming generation, and infrastructure is one of the key areas of exposure for European investors. But Martin Steward finds that the opportunity might be surprisingly short-lived
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Special Report
A venture for Asia exposure
A joint venture between Marshall Wace and GaveKal brings together top-flight long/short capabilities with seasoned Asia research. Martin Steward finds that 2008 gave it a baptism of fire
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Special Report
Corporatising Asia
It’s no news that Asia offers long-term growth. But the value locked up in its disparate corporate structures means private equity could represent the keenest form of Asian risk, writes Joseph Mariathasan
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Special ReportRisk on or risk off?
The financial crisis and subsequent massive policy responses have dislocated asset markets from economics. Martin Steward attempts to delineate an investment framework to cope with the confusion
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Special Report
Alphabet soup
W, U, V, L? It’s all a symptom of the misleading ‘patternicity’ that dogs traditional macroeconomic thinking, argues Damian Handzy
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Special Report
Hidden value
Klaus Blaabjerg tells Martin Steward that hunting down the size and value effects in high-yield credit spreads can minimise downside risk and maximise acquisition risk
