All IPE articles in April 2005 (Magazine) – Page 2

  • Features

    Finding a niche idea

    April 2005 (Magazine)

    Few European asset managers can boast the pedigree of the Swiss investment manager Pictet Asset Management. Pictet is the affiliate of banking group Pictet & Cie, one of the oldest private banks in Switzerland and currently celebrating 200 years in the money management business. Age brings wisdom, and one of ...

  • Features

    Retirement programmes: extreme makeover

    April 2005 (Magazine)

    With his mandate re-affirmed, Bush has prioritised two ambitious goals within the ‘ownership society’ – privatising social security and revamping the private pension system. Such boldness is not rhetorical: Bush’s previous term demonstrated a commitment to his fundamental agenda. The President has not previously shied from audacity; having been re-elected, ...

  • Special Report

    Mark of excellence

    April 2005 (Magazine)

    In January Brussels-based Independent SRI and CSR advisory and research organisation Ethibel launched its new ‘excellence’ certification in an attempt to appeal directly to institutional investors. This, coming hot on the heels of the new disclosure law on SRI for pension funds, will give a boost to Belgium’s SRI market, ...

  • Features

    Real estate has proven its worth

    April 2005 (Magazine)

    It is that time of year again. Numbers have been crunched, figures analysed, reports prepared. Trustees have received information on the year just gone and for most it has not been too bad. In the UK and US, equities outperformed bonds. Okay, in much of continental Europe this was not ...

  • Features

    Equities' Jekyll and Hyde

    April 2005 (Magazine)

    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 ...

  • Features

    Eking out extra returns

    April 2005 (Magazine)

    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 ...

  • Features

    Dealing with today's sharply increasing OPEB liabilities

    April 2005 (Magazine)

    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 ...

  • Features

    RBC ousts SocGen in R&M custody survey

    April 2005 (Magazine)

    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 ...

  • Features

    Heading for a crowded retirement

    April 2005 (Magazine)

    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 ...

  • Features

    Cover the full spectrum

    April 2005 (Magazine)

  • Features

    Coping with era of low returns

    April 2005 (Magazine)

    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 ...

  • Features

    Steering towards convertibles

    April 2005 (Magazine)

    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 ...

  • Features

    Contrasting evolution

    April 2005 (Magazine)

  • Features

    Small but complex market

    April 2005 (Magazine)

  • Features

    Cleaning up with enhanced

    April 2005 (Magazine)

    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 ...

  • Features

    New forum causes storm

    April 2005 (Magazine)