Analysis and opinion

  • Liam Kennnedy
    Opinion Pieces

    Knowns and unknowns

    April 2020 (Magazine)

    “There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don’t know we don’t know.” Donald Rumsfeld, former US secretary of defence, February 2002

  • Daniel Ben-Ami
    Opinion Pieces

    Understanding the pandemic’s impact

    April 2020 (Magazine)

    When facing a serious threat it pays to remain as calm as possible. The temptation to panic is inevitably strong but it should be resisted.

  • The case for a UK sovereign wealth fund
    Opinion Pieces

    The case for a UK sovereign wealth fund

    April 2020 (Magazine)

    In November 2012 I suggested in an article in IPE that the UK should set up a sovereign wealth fund. The House of Commons had a parliamentary debate on setting one up in December 2016* and included the IPE article in the background papers. Unfortunately, Brexit overshadowed all else, but now that it is done, there may be a case for revisiting the arguments.

  • Andrew Mandley
    Analysis

    Pensions accounting: IASB faces disclosure tussle

    April 2020 (Magazine)

    The story of the latest work by the International Accounting Standards Board (IASB) on pensions disclosures starts last July when the board agreed on two specific disclosure amendments that it wanted to make to International Accounting Standard 19 (IAS 19), Employee Benefits.

  • Joe Biden and Senator Bernie Sanders
    Features

    Letter from US: The Democratic agenda takes shape

    April 2020 (Magazine)

    “On day one, [Joe] Biden will use the full authority of the executive branch to make progress and significantly reduce emissions. Biden recognises we must go further, faster and more aggressively than ever before, by (among other things) requiring public companies to disclose climate risks and the greenhouse gas emissions in their operations and supply chains.” That is Joe Biden’s ‘Plan for a Clean Energy Revolution and Environmental Justice’ as it appears on joebiden.com, the official campaign website.

  • Amin Rajan and Anthony Cowell
    Features

    Research: The new benchmarks

    April 2020 (Magazine)

    Sustainability is set to become the gold standard of investing

  • Carlo Svaluto Moreolo
    Opinion Pieces

    Letter from a country in crisis

    April 2020 (Magazine)

    Empty streets and squares are not a usual sight in Italy, a country whose people love to socialise. The deadly COVID-19 pandemic has even taught Italians to make orderly queues outside supermarkets. The reality is that while Italians are not good at prevention, they are outstanding at reacting to emergency situations, thanks to their experience dealing with earthquakes and other natural disasters.

  • Coronavirus - A Moving Target
    Analysis

    Coronavirus: Pension funds take comfort from relative health in turbulent times

    April 2020 (Magazine)

    European pension funds have underlined their position as long-term investors as they face unprecedented market turbulence and an economic downturn.

  • venilia ipe dec 2019
    Opinion Pieces

    Be prepared for the future

    April 2020 (Magazine)

    As 2019 came to an end, there were a number of risks that investors around the world would have to watch out for – Brexit negotiations, the US election, the trade war between China and the US – but nobody could have guessed that the COVID-19 pandemic was to come.

  • Steve Waygood
    Features

    Guest Viewpoint: Steve Waygood

    April 2020 (Magazine)

    History may well look back on 2019 as the year the world finally woke up to the threats posed by climate change. Yet, with the negotiation failures that occurred at the 2019 United Nations Climate Change Conference in Madrid (COP25), the year ended on a significant downer.

  • Book review - Radical Uncertainty
    Book Review

    Book review: Radical Uncertainty by John Kay and Mervyn King

    April 2020 (Magazine)

    Within the terms of their own analysis, the authors of Radical Uncertainty might be remembered for a prescience they could neither possess nor aspire to 

  • raj thamotheram
    Opinion Pieces

    Long-term matters: Investing in an age of pandemics

    2020-03-20T16:02:00Z

    Pandemics are master classes in managing existential uncertainty. Being overwhelmed is ‘normal’. Here are seven actions that we can take as citizens and investment professionals. The focus is on the US and the UK: their governments are floundering. The unravelling in the US is dangerous for investors. Both the UK and the US are very responsive to the financial sector. 

  • liam kennedy
    Opinion Pieces

    Coronavirus: Letter from Liam Kennedy, editorial director, IPE

    2020-03-16T16:57:00Z

    Very few of our readers will not be affected in some way by the spread of coronavirus and COVID-19. For IPE and most of its editorial team based in the centre of London, the virus has curtailed travel and meetings. We have also taken the decision to postpone events, ...

  • liam kennedy
    Opinion Pieces

    Delivering sustainable long-term value

    2020-03-06T15:44:00Z

    Some private equity investors claim the increased focus in private ownership imposes a new long-term perspective

  • liam ipe dec 2019
    Opinion Pieces

    Easier to abolish than to reform

    March 2020 (Magazine)

    The collective pension plan in its various iterations is probably one of the most significant, and undersung, financial and policy innovations of the 20th century. Workplace pensions represent one of the most important, if not the most important financial assets for millions of people. 

  • daniel ben ami
    Opinion Pieces

    Judgement needed more than ever

    March 2020 (Magazine)

    There are good reasons why even the most ardent technophile should be wary of the excitement surrounding new investment-related technology. Big data, artificial intelligence, machine learning and blockchain all no doubt have promising applications in the investment world.

  • A belated but welcome debate
    Opinion Pieces

    A belated but welcome debate

    March 2020 (Magazine)

    The belief that the corporate culture of an asset management organisation affects its performance is gaining ground. Some investment consultants make reference to corporate culture as a factor driving manager selection. This may be marketing, but it could spark debate. 

  • Venilia
    Opinion Pieces

    Super asset managers: size matters

    March 2020 (Magazine)

    Institutional investors must question how the emergence of super asset managers have really benefited them over the years, especially since the cycle of mergers and acquisitions seems to have continued 10 years on.

  • An integrated reporting framework
    Features

    Integrated reporting: Accounting goes sustainable

    March 2020 (Magazine)

     Combining conventional financial reporting with non-financial reporting in a single integrated framework presents challenges

  • The Signs Were There
    Book Review

    Book review: The Signs Were There - Spilling the saucerful of secrets

    March 2020 (Magazine)

    Tim Steer’s romp through the world of dodgy accounting practices and share price debacles is beyond shocking. He brings together his forensic examinations of publicly quoted companies’ accounts, and demonstrates clearly that “the signs were (indeed) there” in a way that induces reader incredulity.