Sections

Oxford University

Campaign urges USS to consult membership over ethical investment

Wed, 22 Oct 2014By

Campaign led by union, ShareAction calls for consideration of climate risk when investing assets

Stock market numbers

Mandate roundup: Merseyside Pension Fund, Unigestion, Pension Protection Fund

Wed, 22 Oct 2014By IPE Staff

Merseyside Pension Fund re-appoints Unigestion for European equities mandate

Gavel

BT scheme loses final court appeal against PPF levy exemption

Wed, 22 Oct 2014By

Pension fund, sponsor company challenged European Court of Justice ruling from September 2013

Helsinki, Finland

Nordic roundup: Etera, Nordea Life & Pensions

Wed, 22 Oct 2014By

Investment returns bounce back for Finland’s Etera Mutual Pension Insurance Company

Handshake

Wednesday people roundup

Wed, 22 Oct 2014By

BNP Paribas Investment Partners, Russell Investments, Actuarial Association of Europe, UBS, Lazard Asset Management, Capital Group

Big Ben and the Houses of Parliament, London

UK local government pension schemes warned over further reforms

Wed, 22 Oct 2014By

Official says it would be unwise for LGPS to assume no further reforms will take place for 25 years

Panorama of the North Sea

Prudential backs Welsh hydro-power plant despite annuity market changes

Tue, 21 Oct 2014By

Prudential, one of six insurers to commit £25bn to government infrastructure plan, provides capital for £1bn tidal-energy plant in Wales

Map of Ireland

​Irish deficits increase by third over 2014

Tue, 21 Oct 2014By IPE Staff

Mercer estimates positive asset returns offset by falling bond yields, leading to increased deficits

City of London Blackstone

Unilever, Panasonic schemes turn to insurers amid favourable market conditions

Tue, 21 Oct 2014By

Legal & General, Rothesay Life announce transactions for bulk annuities as market growth continues

City Hall of Stockholm, Sweden

AP2 targets tar sands, farmland for greater scrutiny

Tue, 21 Oct 2014By

Swedish buffer fund sells stakes in 20 energy companies over concerns extraction projects to prove unprofitable

Canal houses in Amsterdam, Netherlands

Funding drop of at least 3 percentage points ahead, Dutch schemes warned

Tue, 21 Oct 2014By

Decline comes as interest rates contine to slide, in wake of worsening funding at largest Dutch funds

House boats in Amsterdam, Netherlands

Cleaning scheme Orsima in merger talks with industry-wide fund

Tue, 21 Oct 2014By

Scheme cites comparatively high cost per paticipant as driving force behind the negotiations to join €2.9bn BPF Schoonmaak

All More News

Time for some caution with this asset class

October 2014 (Magazine)By

How do you invest in high-yield bonds and loans?

Prudent and dynamic

October 2014 (Magazine)By

How We Run Our MoneyMiguel Branco, deputy director of Banco de Portugal pension fund, tells Carlo Svaluto Moreolo about his fund’s investment and risk strategy

All Interviews

Dangerous liquidity

October 2014 (Magazine)By Emma Cusworth

Following another summer of high-yield bond market volatility, Emma Cusworth asks whether ETFs are to blame for credit markets getting riskier

Race for solutions picks up pace

October 2014 (Magazine)By

Incumbent managers have a natural advantage with mature pension funds in the provision of solution-type services, finds Pádraig Floyd

All Briefings

Crony capitalism

October 2014 (Magazine)By Raj Thamotheram

The public gets it. Academics and financial analysts get it. In fact, many experts say it is the most important governance and democracy issue of our time. So why do investors have so little to say about political donations and the corporate capture of politics?

“Governance can serve as a stimulus to improve and nurture pension organisations”

October 2014 (Magazine)By

Once a year, the US professional basketball league organises its all-star competition. Players from teams across the country are selected as the best in their respective positions. Could we have an all-star pension industry, uniting the best standards and practices under one roof?

All Columns

The ‘what’ and ‘why’ of costs

October 2014 (Magazine)By

Controversies around pension funds’ asset management costs in various countries tell us something about the mood of the times, but they also suggest that changes are needed in the way pension boards select and justify their strategy choices to members and the wider world.

Divergence trades, depression trades

October 2014 (Magazine)By

“It’s one of our big themes,” said Kathleen Hughes, head of European institutional sales at Goldman Sachs Asset Management, talking about central bank policy divergence over meet-the-press drinks in early September, four hours after European Central Bank president Mario Draghi had taken the deposit rate further into negative territory and announced plans to purchase covered bonds and asset-backed securities. The euro had a terrible day; Goldman Sachs had a pretty good one.

All Analysis and Opinion

High-yield Bonds & Loans: Revolution from above and below

October 2014 (Magazine)By Joseph Mariathasan,

Few markets outside the emerging world have changed to the extent that European high-yield has over recent years. Joseph Mariathasan and Martin Steward find transformation coming from the massive to the micro, from above and below

Emerging Market Debt: Bonds and the ballot box

September 2014 (Magazine)By Joseph Mariathasan

Amid a rash of important elections, the rumble of ongoing territorial disputes, a deteriorating situation in coup-plagued Thailand and an alarming rise in tensions between Hong Kong and Beijing, Joseph Mariathasan looks into the impact of political risk on Asia’s bond markets

All Investing in...

Winter night in Helsinki, Finland

VER sees equity returns boosted to nearly 10% by US, emerging markets

Thu, 23 Oct 2014By IPE Staff

Finnish state fund sees quity portfolio offer strongest return, despite improved results for fixed income portfolio

City Hall of Stockholm, Sweden

AP2 targets tar sands, farmland for greater scrutiny

Tue, 21 Oct 2014By

Swedish buffer fund sells stakes in 20 energy companies over concerns extraction projects to prove unprofitable

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Post-crisis or pre-crisis?

October 2014 (Magazine)By

History warns us that the next crisis is just around the corner. Arturo Bris outlines the shapes it is taking and what we can do to mitigate it

No place like homes

September 2014 (Magazine)By

Christophe Caspar looks into whether or not European housing is a safe home for fixed income investors

Bolt the penthouse door

July 2014 (Magazine)By

The apparent recovery in the UK and converging spreads in euro-zone bond markets mask deep structural flaws in economies that have seen little genuine reform, argues Eamonn Butler

Rates of change

June 2014 (Magazine)By

Carolyn Tavares argues that the roller-coaster start to 2014, with its disconnect between economic indicators and bond yields, makes the case for holding to strategic, funding level-based de-risking programmes

All Ahead of The Curve