Asset Allocation – Page 130
-
FeaturesThe big picture
It would be silly to predict the bottom of a deep recession on the basis of a single month’s volatile manufacturing PMI data
-
.jpg)
FeaturesManager Profile: CAAM
Convertible bonds might be taking a battering from the current crisis but CAAM is banking on its experience in the sector to see it through, finds Lynn Strongin Dodds
-
Features
How convertible securities are valued
Convertibles’ hybrid nature presents valuation challenges and trading opportunities, says Joseph Mariathasan
-
FeaturesConvertibles: why now?
Convertible bonds as an asset class had one of the worst years in their history in 2008.
-
Features
The old ways are out
Convertible bond issues have been thin on the ground in this recession, but sooner or later even highly-rated large-caps may tap the market for refinancing, says Lynn Strongin Dodds
-
FeaturesStrategy refuses to be written off
Unexpected market events may have once more severely affected convertible arbitrage but the strategy continues to hold attractions for institutional investors, finds David White
-
Special ReportAfter the bubble bursts
Spain’s banks were hit by the collapse of the local property market. And they control the pension funds, notes George Coats
-
FeaturesThe advantages of conservatism
Portuguese pension fund asset allocation has been criticised in the past for a traditional approach that lost out on potential gains. But George Coats finds that at a time of market crisis it may limit losses
-
Special Report
A matter of survival
A deeper understanding of environmental, social and governance issues will allow you to make better-informed investment decisions
-
FeaturesHarness the winds of change
Ben Funk, Tzvety Petrova, and Dominik Nagly of Liongate Capital argue that recent unprecedented volatility can create opportunities for carefully selected hedge fund strategies
-
FeaturesAdvantages of a naïve approach
Dirk Soehnholz and Marcus Burkert find that ‘naïve’ strategic asset allocation offers improved risk/return characteristics over traditional ‘pseudo-optimised’ asset allocation
-
Features
An area that needs more light
Pension funds should be more concerned about investment managers’ asset allocation skill, but there’s no easy way to measure it, says Joseph Mariathasan
-
FeaturesMoves to maintain the balance
Spain’s €57bn reserve fund is intended to help plug the anticipated deficit in the social security budget. Diego Valero Carreras explains the background
-
Special ReportGetting the correct balance
Javier Aibar Bernard is the general director of the Social Security Treasury, which oversees Spain’s €55.9m Reserve Fund, the Fondo de Reserva de la Seguridad Social (FRSS). He explains to George Coats how the fund is run and discusses its ability to fulfil its role
-
FeaturesBeware Japanese proverbs
The experience of Japanese pension funds in the 1990s provides an interesting lesson for Western investors, finds David White
-
-
FeaturesRediscover common sense virtues
In the second in a series of articles on a new report, Amin Rajan argues that asset allocation is more about mindsets than models, as pension funds move from calendar time to real time
-
FeaturesPension funds see crisis role
Europe’s mighty central banks are being stretched to their limits, not only in the range of problems they need to fix, but also in their financial firepower. In some countries, pension funds have stepped in as the new investors of last resort, transforming themselves almost overnight into Pension Fund plc ...
-
Features
Get down to the detail
Transaction proposals for collateralised finance trades are still not acknowledging the appropriate risks, says Jeroen Wilbrink. Pension funds should only make their balance sheet available at the right price
