Investment Strategies – Page 25
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Special Report
Implementing ESG – the sustainable bank’s way
Some 75% of the core portfolios of KfW, Germany’s development bank, is managed sustainably, as Nina Röhrbein finds
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Features
Rare all-in business
The Danish pension and asset management industries are big enough to offer global custodians some glittering prizes. The mighty ATP, with assets in excess DKK610bn (€82bn) and effectively part of the state pension system, selected BNY Mellon as its global custodian in 2006.
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Interviews
Latin translation
“We have a saying in Spain,” says BBVA’s head of global asset management Luisa Gómez Bravo. “‘No vendas la piel del oso antes de haberlo cazado’.” Don’t sell the bearskin until you’ve hunted the bear. The proverb comes in response to the question of how the €140bn asset management unit of one of the biggest global banking brands remains so little-known among Europe’s institutional investors.
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Special Report
Fees: Just rewards
Unfairness, high levels, perverse incentives: fees are always guaranteed to raise temperatures. Martin Steward considers some imaginative proposals for alignment of interests
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Asset Class ReportsEmerging Market Equities: Emerging questions
The days of a simple emerging market allocation are over. Correspondingly, JosephMariathasan finds a variety of approaches among the top performing managers
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Features
Strategic dynamism
Optimal strategic asset allocation cannot be the same for investors with different levels of wealth at different moments in time, argue Philippe Aurain and Eric Bouyé
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Special ReportClean India
Kirsteen Morrison identifies some showcase opportunities in renewable energy, water and agriculture in India
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Special Report
Fees: The big issue
Size definitely affects active management risks and returns, writes Matthew Craig. But the relationship is by no means a simple one
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Special Report
Fees: Beta-zero fees
Bernd Scherer tells Martin Steward that asset managers should take a good look at – and possibly hedge – the market risk embedded in their fees. How might that change the relationship with clients?
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Features
Russian bank roulette
Shares in the bigger Russian banks are spiking on the belief of further consolidation and privatisation in the sector, writes Richard Hemming
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Special Report
Positive impact in Africa
A local presence and a tilt towards impact investing is the way to succeed on the final frontier, writes Nina Röhrbein
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Asset Class Reports
Hedge Funds: Into the mainstream
The hedge fund industry’s operational infrastructure and client base has become increasingly institutionalised and its investment practices continue to converge with those of traditional asset managers, writes Todd Groome
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Asset Class Reports
Hedge Funds: Managed managed futures
What value can a fund of funds add for the managed futures investor? Martin Steward asks Thomas Weber of LGT Capital Partners, whose Crown Managed Futures fund is celebrating its tenth birthday
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Asset Class Reports
Hedge Funds: The view from the Hilltop
Martin Steward talks to Rory Hills about what went wrong with the fund of hedge funds industry – and about how to put it right
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Asset Class Reports
Hedge Funds: Making the illiquid liquid
The secondary market in hedge funds is on the rise as investors snap up illiquid portfolios coming onto the market, says Martin Steward
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Asset Class ReportsHedge Funds: Rehabilitated
Since assets under management crashed during the financial crisis the hedge fund industry has experienced a phoenix-like revival in fortunes. But Joseph Mariathasan finds that it is far from back to business as usual
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Interviews
Winton’s global equity strategy
The West London offices of Winton Capital Management, best known for the diversified managed futures programme that has helped it grow into one of Europe’s biggest hedge funds, feel more like a university campus than an HQ of an asset management firm.
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Asset Class Reports
Hedge Funds: Hedge funds and the crisis
Citi Prime Services canvassed the opinions of hedge funds and hedge fund investors on the impact from and response to the liquidity crisis of 2007-08, and to gauge its longer-term implications for the sector. Sandy Kaul discusses the findings
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Features
Get converted
The convex payoff of convertible bonds is well-suited to these uncertain times. But Martin Steward asks how easy – or desirable – it is to maintain optimal convexity
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Special Report
Cleantech: no longer a dirty word
Smart grid and biomass are two sectors investors in renewables might consider if they are looking beyond the more traditional headline-hitting solar and wind energy. Nina Röhrbein reports
