Today's top news stories
Icelandic pension funds buck performance trend with gains
Pension Fund of Commerce generates 4.3% after overseas investments grow; Gildi adds 5.8% through domestic bonds performance
Aberdeen Standard strikes agreements on UK small cap, China ventures
FTSE 100-listed investment house joins forces with Gresham House and enters China’s pension market
AP1 picks managers to run €4.3bn in global emerging market equities
Swedish state pension buffer fund releases 14-strong list after May 2018 tender
Strathclyde allocates £900m to quartet of private debt managers
Alcentra, Barings, ICG Longbow and Partners Group to run new mandates for Scotland’s biggest pension fund
Folksam invests SEK2.8bn in World Bank bond to combat food waste
Swedish pension fund is sole investor in IBRD’s sustainable development bond
Analysis: UK pension equality costs ‘lower than forecast’
Estimates from 128 listed companies collated by IPE include a £177m bill for HSBC
Digital Edition
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On the Record: Looking beyond Brexit
We asked European pension funds whether they see value in investing in UK assets. Despite the uncertainty regarding Brexit, most still see opportunities in the long term
How we run our money: Bank of Ireland
Paul Droop (pictured), CIO of the Bank of Ireland’s staff pension scheme, tells Carlo Svaluto Moreolo about his approach to building a shockproof portfolio
US economy: Overpricing recession risk
Financial markets have suffered a nasty bout of indigestion since October. The interplay of sentiment and volatility induced widespread pessimism, with added concern that market tantrums could subsequently bleed into the real economy
CLO supply outstrips demand
Do reports of a growing wariness over collateralised loan obligations (CLOs) mean that the good times are over for the investment vehicle?
Briefing: Collateral challenges
Rising interest rates put collateral management strategies to the test
Beyond the annuity waiting room
Fintech is hard to escape in daily life – whether personal finance apps, crowdfunding investments or robo-advisers.
The euro crisis is not over
The euro’s existential crisis subsided several years ago but it would be wrong to assume it has disappeared. The forces that could undermine its integrity have not vanished.
Private equity: An expanding universe
A significant growth in direct lending has helped boost the private equity market
High yield: Coping with a new environment
This year high-yield investors will have to weather not only the winding up of quantitative easing but additional political challenges
Global Equities: Valuation vagaries
Mean reversion is useful in valuing stocks, but there are many unpredictable factors that can disrupt long-term assumptions
Long Term Matters: BlackRock – time to pull your finger out!
Donald Trump is not the only US leader to ignore the climate emergency. BlackRock’s 2019 letter to companies, timed to coincide with Davos, it was equally silent on the crisis
Guest viewpoint: David Kavanagh
The deadline for national implementation of the IORP II directive passed this January
Guest viewpoint: Lisa Brüggen & Thomas Post
”Pension funds, insurance companies and policymakers should limit choices to 6-22 option”
Guest Viewpoint: Sviatoslav Rosov, CFA Institute
The statistics on public market participation by corporations over the past two decades make grim reading. The US had 14% fewer exchange-listed firms in 2012 than in 1975
Long Term Matters: What do Facebook’s investors care?
Mark Zuckerberg “is a bigger threat to American democracy than Donald Trump”, says David Runciman, professor of politics at Cambridge University
