All Special Report articles – Page 86
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Special Report
Risk & Portfolio Construction: ‘All equities are black boxes’
In January 2011 the PNO Media Pension Fund terminated its US and European equity enhanced-index mandates with Barclays Global Investors and brought the assets in-house. However, it did not go passive – or at least, not in the sense in which most of us would understand the term.
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Special Report
Top 400 Asset Managers: Active and passive come together
Far from being a threat to traditional active management, smart beta could represent a great opportunity for active managers, argues Noël Amenc
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Special Report
Top 400 Asset Managers: Global assets back on the rise
Total AUM of top 400 managers = €39.2trn (2012 = €36.3trn; 2011 = €36.2trn). Increase in AUM of 8% over 2012. BlackRock is the largest manager (€2.9trn) and accounts for 7.4% of overall assets. Top 100 managers account for 83.7% of the assets (€32.8trn).
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Special Report
Longevity: Re-distributing the risks
Bernhard Brunner makes the case for government involvement to kick-start capital-market longevity-hedging instruments
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Special Report
Longevity: Time to get the tradesmen in
With buyout deals and pipelines buoyant as more DB schemes close to future accrual and sponsors bite the cost bullet, Pádraig Floyd asks whether the short trend for ‘DIY’ has already run its course
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Special Report
Longevity: A healthier way to de-risk
Trustees could secure big savings by de-risking through medically-underwritten bulk purchase annuities, argues Debbie Harrison. That could mean the difference between affordability and unaffordability
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Special Report
Longevity: The second fiscal crisis
Unchallenged, the projected costs of ageing in Europe are truly terrifying. But Douglas Renwick and Eugene Chiam point to potentially significant long-term mitigation that can – and has – come from reforms
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Special Report
Longevity: Living longer, costing more
In 1985, for every person turning 65, there were 10 new people of working age. According to estimates from the UN, by 2040, for every person turning 65, there will be less than one additional person in the 20-64 years age groupage
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Special Report
Longevity: Back to first principles
Andrew Hunt and David Blake present a new, general procedure for constructing mortality models that unbundles the age, period and cohort dimensions in the data, resulting in better understanding of historic changes in mortality and more reliable forecasts of future mortality rates
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Special ReportLongevity: The great age of divestment
Martin Steward looks at evidence for the demographic ‘asset meltdown’ theory, some investment strategy implications – and the major caveats attached to putting too much store in it
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Special Report
Room for improvement
A new survey reveals that the Dutch private equity sector has yet to fully integrate sustainability, as Nina Röhrbein reports
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Special Report
Special Report – ETF Roundtable
IPA’s ETF Roundtable was held in Hong Kong and featured:
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Special Report
Special Report – ETFs in China
Orlando Bowie looks at the growth trends of exchange-traded funds in China.
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Special Report
Special Report – Asian Private Equity
Conditions underfoot are heavy for private equity investors, both in China and elsewhere in Asia, writes Simon Osborne.
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Special Report
Insurance-Linked Investments: Consider your options
Options strategies offer premiums for insuring against financial market risks. Joseph Mariathasan looks at strategies that attempt to collect these while protecting against the worst of the tail risks
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Special Report
Insurance-Linked Investments: Herding cats... and other insurance-linked risks
It is not always easy to tell what someone means when they talk about ‘insurance-linked investments’ – but distinctions are imperative because the various components of this complex market present very different risk and return profiles.
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Special Report
Insurance-Linked Investments:Integrating catastrophe risk
Reinsurance risk is clearly diversifying against pension funds’ core financial market risks. But Martin Steward writes on the importance of defining objectives beyond simple diversification when investing in this asset class
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Special Report
Insurance-Linked Investments: AQR Re: where quakes meet quants
Martin Steward met the reinsurance team established by quantitative asset manager AQR Capital Management
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Special ReportInsurance-Linked Investments: Berkshire’s leverage
Andrea Frazzini, David Kabiller and Lasse H Pedersen unpick Warren Buffett’s business model and find a low-beta quality portfolio leveraged with an insurance float and derivatives
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Special Report
Insurance-Linked Investments: Doctor in the house?
Lynn Strongin Dodds outlines the importance of quality medical underwriting and ongoing assessment of life expectancies in the traded life policy world
