All Special Report articles – Page 77
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Special Report
Risk and Portfolio Construction: Rising interest
Chris Redmond asks whether absolute return bonds could play a bigger role in institutional portfolios
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Special Report
Risk and Portfolio Construction: Rates of change
To a large extent today the question of what to do in portfolio construction is really a question of what to do about interest rates.
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Special Report
Liability-Driven Investment: Caught short
Pension funds recognise that they are exposed to movements in long-term interest rates when they enter into swap contracts – that is the point of the hedge. But Emma Cusworth draws attention to the importance of volatility in the short-dated floating leg too
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Special Report
Risk and Portfolio Construction: Keep calm and carry on
Against the broad consensus that rising bond yields have to be bad for bonds, Charlotte Moore finds that being short duration can be punishing if those yields rise more slowly than the market expects
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Special Report
Risk and Portfolio Construction: Beefing up the midfield
Investors that need both to limit the volatility of their funding-levels and achieve returns in excess of their liabilities face the twin challenge of low-growth and rock-bottom interest rates. In response, Lynn Strongin Dodds finds them adapting their traditional ‘barbell’ portfolios, albeit slowly, into something more broadly diversified
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Special Report
Liability-Driven Investment: The de-risking bear fight
As pension schemes line up to de-risk, Emma Cusworth finds the supply-and-demand dynamic on the UK yield curve is causing aggressive competitive behaviour, distorting bond market valuations
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Special Report
Liability-Driven Investment: Banks and the linkers market
As government linker issuance shrinks, Harris Gorre argues that banks are in a much better position to issue secured, structured bonds with index-linked yields than corporates are
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Special Report
Risk and Portfolio Construction: Annus horribilis?
After a 30-year bond bull market and an arguably easy run for risk parity, in 2013 practitioners suddenly found themselves grappling with significant problems in multiple asset classes. Jennifer Bollen asks four leading managers how they coped with the consequences of last summer’s bonds slump
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Special Report
Risk and Portfolio Construction: All change
Tapan Datta asks how investors can begin to address uncertainty in a rising yield environment, in bond portfolios, multi-asset portfolios and LDI strategies
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Special Report
Risk and Portfolio Construction: Absolutely clear
Absolute return bond strategies are understandably attracting a lot of attention, but it is a complex and diverse sector. Joseph Mariathasan looks at some key characteristics
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Special ReportTop 400: The essential C-word in investment management
Mitesh Sheth defines 10 dimensions of an undervalued factor in investment management
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Special ReportTop 400: Not so hasty: Keeping a manager when the going gets tough
Rick di Mascio argues that the decision about whether to sack an underperforming manager should be one that focuses on process, not just performance numbers
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Special ReportTop 400: Innovating in a world where winner takes all
A person who moves a mountain starts by taking away a small stone, according to a Chinese saying. This applies to the asset management industry today, say Amin Rajan and Kevin Pleiter
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Special ReportTop 400: Managers pursue rationalisation
Alastair Sewell and Erwin van Lumich believe that recent transactions are unlikely to herald widespread M&A among European asset managers but that rationalisation will continue
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Special ReportTop 400: Finance and regulation
Nitin Mehta believes professional bodies and well-run self-regulatory organisations can help buffer the sometimes competing priorities of regulators and the financial industry
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Special ReportTop 400: The burden of harmony
MIFID II and other European regulations are not as consistent as they seem, says Mike Ginnelly
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Special ReportTop 400: Are we doing this right? Are we doing this well?
Catherine Doherty looks at the mechanical and cultural work that investment managers are doing to improve their own businesses
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Special ReportTop 400: Preventive medicine
Risk departments and portfolio managers don’t speak the same language on risk, argues Ian Webster. An integrated approach is essential
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Special ReportTop 400: A painful legacy
Legacy and outdated technologies are costly and are increasingly attracting the attention of regulators, according to Peter Hill
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Special ReportTop 400: Investing under the influence
Craig Stevenson argues that activist hedge funds strategies can be beneficial for investors but that collaborative approaches are more likely to be effective
