Analysis and opinion

  • Liam Kennnedy
    Opinion Pieces

    Governance must be the embedded solution

    July/August 2021 (Magazine)

    Europe now has approaching two decades of experience with the investment outsourcing that is loosely called fiduciary management, or sometimes outsourced CIO (OCIO), to use the US terminology.

  • Susanna Rust
    Opinion Pieces

    ESG: progress but still much road to travel

    July/August 2021 (Magazine)

    Good things are happening in the land of ESG. Aspects of the European Commission’s sustainable finance action plan regulation have certainly been frustrating, but the sustainable finance disclosure regulation (SFDR), for example, does look like it could end up having a beneficial effect, even though there are still problems associated with it and the effect is perhaps not the one that was envisaged for the SFDR.

  • Luigi Serenelli
    Opinion Pieces

    Notes from Switzerland: Work in progress

    July/August 2021 (Magazine)

    History repeats itself, first as tragedy, second as farce: now another referendum result in Switzerland is poised to obstruct changes designed for a long-term impact. 

  • venilia amorim
    Opinion Pieces

    Social risks impact on employer covenant

    July/August 2021 (Magazine)

    The UK’s Department for Work and Pensions (DWP) recent consultation – Consideration of social risks and opportunities by occupational pension schemes – seeks to assess how trustees understand ‘social’ factors and how they aim to integrate financially material social factors into investment and stewardship activities.

  • Joseph Mariathasan
    Features

    Incorporating climate change within investment portfolios

    June 2021 (Magazine)

    Recording the possible impacts of climate change on investment portfolios is becoming a regulatory and reporting requirement. Asset managers and asset owners will need to incorporate it into future management information and reporting systems. 

  • Liam Kennnedy
    Opinion Pieces

    The rising tide of corporate governance

    June 2021 (Magazine)

    In the last year, there has been a broad shift in corporate governance focus towards social issues, including human capital management – the ‘S’ of ESG. 

  • Carlo Svaluto Moreolo
    Opinion Pieces

    The recovery does not eliminate systemic risk

    June 2021 (Magazine)

    The world’s economy is already recovering from the damage inflicted by the lockdown measures imposed to contain the spread of COVID-19 in 2020.

  • Venilia
    Opinion Pieces

    Establishing a sustainable path

    June 2021 (Magazine)

    Investors increasingly want to take a more environmentally, socially and governance-conscious approach to investing. Despite the growing choice of ESG strategies, the wide range of products and a lack of uniformity can make it difficult to compare the options.

  • Carsten Stendevad
    Analysis

    Bridgewater: Fluent in risk, return… and impact

    June 2021 (Magazine)

    Bridgewater Associates, one of the most prominent macro hedge funds, is reflecting the integration of sustainability in its research process with two senior appointments. 

  • liam kennedy
    Opinion Pieces

    Abundant opportunity… and risk

    May 2021 (Magazine)

    In case you needed reminding, both China’s equity and fixed-income markets are the world’s second-largest after the US.

  • Daniel Ben-Ami
    Opinion Pieces

    Emerging markets require a rethink

    May 2021 (Magazine)

    A rethink of the term ‘emerging markets’ is long overdue. It has always been a catch-all category but the gap between the description and reality is becoming over-stretched.

  • The head office of Norges Bank is located on Bankplassen in Oslo
    Opinion Pieces

    Strategy reset during a pandemic

    May 2021 (Magazine)

    Just over six months into the job, Nicolai Tangen, who took over as CEO of Norges Bank Investment Management (NBIM) last September from Yngve Slyngstad, has already revised the asset manager’s strategy plan for this year and next.

  • Joseph Mariathasan
    Features

    Africa offers Europe opportunities

    May 2021 (Magazine)

    In 2015, Europe faced the prospect of a million Syrian refugees fleeing from civil war, attempting to cross into its borders. The sudden influx created a political as well as a humanitarian crisis with Hungary building a 175km-long fence to prevent crossings from the Balkans. 

  • Liam Kennnedy
    Opinion Pieces

    Equities to the fore as an inflation hedge

    April 2021 (Magazine)

    At a time when institutions can deploy billions swiftly at the touch of a few buttons, there is increasing focus on deploying capital well. A notable buzzword of late has been ‘resilience’ as pension funds look to downside risks. 

  • susanna sue rust
    Opinion Pieces

    Hopes for coherence in sustainability disclosures regulations

    April 2021 (Magazine)

    It could have been done differently, but, nonetheless, a clear path is emerging as to how EU sustainable finance regulations will become more of a coherent whole. The problem that has been perceived and outlined time and time again by investor groups is that disclosures are being asked of their constituencies – asset managers, pension funds – for which the data is not really available, or only at a significant cost. Tough, some may say, get on with it. 

  • Venilia
    Opinion Pieces

    Green ambitions to drive recovery

    April 2021 (Magazine)

    Last month, Italy announced its first foray into the hot market of green bonds by raising a record €8.5bn (see page 9).

  • Joseph Mariathasan
    Features

    Sustainability: A purpose-driven stock exchange

    April 2021 (Magazine)

    The UN Sustainable Development Goals (SDGs) have caught the imagination of the investment world. For many in the millennial generation the idea that its investments should fulfil positive social or environmental impacts seems self-evident. Yet many asset managers still struggle to incorporate SDGs into their strategies. Nor do they hesitate to trumpet questionable ESG credentials to investors. 

  • Liam Kennnedy
    Opinion Pieces

    Capital will drive best practice in reporting

    March 2021 (Magazine)

    The European Commission’s review of the Non-Financial Reporting Directive (NFRD), scheduled for publication shortly, comes at a time of increased scrutiny of both corporates and those who supply them with debt and equity.

  • Daniel
    Opinion Pieces

    Culture wars pose the greatest dangers

    March 2021 (Magazine)

    What areas within the increasingly bitter conflict between China and the West are most likely to hit asset owners?

  • ‘Whatever it takes’ may not be enough
    Opinion Pieces

    ‘Whatever it takes’ may not be enough

    March 2021 (Magazine)

    Italy has another new government; the 67th since 1946. An argument over the management of EU COVID-19 recovery funds led to the appointment of Mario Draghi, the former president of the European Central Bank (ECB), as prime minister. He is after all credited with saving the euro-zone by pledging to do “whatever it takes” during the 2012 debt crisis.