All IPE articles in December 2015 (Magazine)
View all stories from this issue.
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Country ReportPensions in Switzerland: Retirement reform revisited
Switzerland’s programme for pension fund reform is back on the agenda following the strong showing by the centre right in the recent federal elections
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FeaturesFrom our perspective: Off to the right start?
What could the UK learn from other countries as it seeks to consolidate the LGPS? There are clear arguments in favour of consolidation, and one recent proposal involves asset pools
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Country Report
Interview: Stephen Wyss - Prevanto
The new Swiss actuarial consultancy Prevanto is upfront about its origins. One of its managing directors, Stephan Wyss, talks to Barbara Ottawa
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Features
Interview: Nigel Stapleton - National Grid UK Pension Scheme
Nigel Stapleton tells Liam Kennedy about the decision this year to dispose of National Grid UK Pension Scheme’s in-house manager Aerion and how the scheme will be managed in future
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Features
What we loosely term ‘hedge funds’
In the early years of the past decade, hedge fund managers dazzled pension funds and their advisers with promises of uncorrelated absolute returns
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Asset Class Reports
Investing In Hedge Funds: Investor Strategy - In or out
Joseph Mariathasan looks at why investing in the hedge fund market is still contentious for many pension funds, even in the current low-interest-rate environment. Is it the fee structures or the economic uncertainity that drives this caution?
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FeaturesHow we run our money: Fondo Pensione Priamo
Osvaldo Marinig, chairman of Fondo Pensione Priamo, talks to IPE about how it is building a new asset allocation to manage its high rate of maturity
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Special Report
Fixed Income: A time to sow, a time to reap
The opportunity to add value through tactical asset allocation across the credit spectrum lends weight to multi-asset strategies
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Asset Class ReportsLiquid Hedge Funds: Fad or the future?
Hedge funds are using onshore vehicles to replicate the returns of the offshore market. Is this making investment in hedge funds easier or simply another risky alternative?
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Features
ESG: A new reporting paradigm
A new EU directive mandates non-financial corporate disclosures. In light of the Volkswagen emissions scandal, Elisabeth Jeffries finds reason for praise as well as for caution
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Special Report
Diversified Growth Strategies: Life in them yet?
Diversified growth strategies were first conceived in the aftermath of the tech bubble and have since amassed a huge volume of assets despite
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Special Report
Diversified growth: a health warning
The challenge of understanding complex multi-asset strategies in line with fiduciary duty means other alternatives may be more suitable for investors
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Special Report
Risk diversification ‘on’
Increasing sophistication and understanding of risk premia is leading to new approaches to combine them in a portfolio
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Features
Diary of an Investor: A different world
Last month I was over in London for a short business trip to visit some credit managers. Before I headed back to the airport I meet up with Thijs, a good friend of mine. Thijs recently moved from his role as CIO of one of the large industry funds in the Netherlands to a big corporate pension fund in the UK.
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Features
Focus Group: Future threats (and delights)
For one-quarter of respondents to this month’s Focus Group, the biggest credible threat to the global economy and financial markets in 2016 is the bursting of quantitative easing-fuelled asset price bubbles. “Inflationary effects can quite suddenly bring markets down, if confidence is lost,” says the CEO of a Dutch fund.
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Special Report
Designed for DC
Best practice for defined contribution pensions inevitably involves well-designed default options. Multi-asset approaches are the best fit for most investors but views differ about how to best structure them
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Features
NAPF Conference: Out with the old, in with the new
The recent National Association of Pension Funds (NAPF) annual conference in Manchester signalled significant change for the industry
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Features
Systemic challenges
Several asset managers and investors are raising concerns about liquidity in the public markets in 2016
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Opinion Pieces
Letter from the US: Central States snag
A pensions bust-up is looming on the fringes of the 2016 Presidential campaign, involving the 115,500 retirees of the Central States Pension Fund (CSPF) who face a 28% average cut of their monthly pension. But the stakes are much larger. Senator Bernie Sanders, one of the Democratic presidential contenders, is championing the rights of those retirees. His attempt to stop the cuts with a new law could affect the whole pension industry.
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Asset Class Reports
Investing In Hedge Funds: Case Study - PP Pension
Carlo Svaluto Moreolo discovers that Sweden’s PP Pension is still supporting hedge funds, despite the fact that they are not performing particularly well. So why is PP Pension doing this?
