All IPE articles in April 2005 (Magazine) – Page 2
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Features
Great hope of British pensions
It’s very difficult to find anybody to say a bad thing about Adair Turner. The former head of the industry group the Confederation of British Industry, who now heads the UK’s Pension Commission, has a lot of fans. Turner has a blue-chip background in public policy, academia and the financial ...
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Features
Commodities 'bull market'
The only place where there is currently a pure bull market is in commodities, investment guru Jim Rogers told the SuperHedge conference in Frankfurt last month. Allaying investor fears that commodities are dangerous, the author of bestselling books ‘Hot Commodities’ and ‘Adventure Capitalist’ pointed out that economic history shows there ...
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Features
Business pioneers
There was no fanfare to announce the birth of commission recapture story in the US. It goes back to 1986, to two almost platitudinous observations: A Department of Labor pensions bulletin which commented that broker commissions are an asset of the pension plan and that the administrator of the plan ...
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Features
Cleaning up with enhanced
Among the UK pension funds that moved into enhanced index equities last year was the £550m (e792m) fund belonging to household cleaning products company Reckitt Benckiser UK. The fund awarded State Street Global Advisors a £50m enhanced indexing equity mandate. The fund’s manager Kevin O’Berg said State Street was chosen ...
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Features
Steering towards convertibles
Back at the start of this decade, convertibles were one of the darlings of the capital markets, producing equity-like returns (double-digit in those days) with considerably less risk. Conventional/traditional fund managers and the convertible arbitrage hedge funds, both enjoyed excellent performance. The happy times are gone and returns in recent ...
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Features
Coping with era of low returns
IPE asked three pension funds in three countries – in Finland, Ireland and Slovenia – the same question: ‘How are you meeting the challenge of what looks like a more-than-temporary low in long-term interest rates?’ Here are their answers: Jari Eskelinen is head of fixed income at Ilmarinen, Finland’s ...
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Features
Heading for a crowded retirement
Bent Nyløkke Jørgensen stood down as chief executive of PKA in Denmark at the end of 2001 and has since carried out a number of tasks, including chairing the Jørgensen committee, a working party to draw up recommendations on pension fund governance for the Danish government What was your ...
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Features
RBC ousts SocGen in R&M custody survey
RBC Global Services has knocked Société Générale from the top in a widely-watched survey of global custodians organised by R&M Consultants. RBC, second last year, forced last year’s leader into second place. Mellon Group came in third, from seventh – ousting Pictet, which has slipped to fifth. One of the ...
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Features
Dealing with today's sharply increasing OPEB liabilities
The time may be right for employers to develop strategies for managing health benefits for retirees – so-called ‘other post-employment benefits’ (OPEB). Several factors are responsible for OPEB’s emergence as a major issue for employers. OPEB has become a significant operating statement cost and balance sheet liability. According to data ...
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Features
Eking out extra returns
Melissa Brown, managing director and senior portfolio manager of the quantitative equity group at Goldman Sachs Asset Management (GSAM), says there has been a lot of interest among pension funds in many different markets for enhanced indexation products in the last year or so. She cites several reasons for the ...
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Features
Equities' Jekyll and Hyde
The Dutch asset management house Robeco last year announced that it was launching its first value fund, benchmarked to the MSCI World Value Index and investing solely in undervalued securities. The significance of this is that Robeco has a strong tradition of growth investing. Its Rolinco fund is a pure ...
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