Asset Allocation – Page 140
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FeaturesWhy hedge funds mismanage alpha risk
The greatest source of market-driven hedge fund blow-ups is alpha, or manager skill risk. Leslie Rahl, Richard Horwitz and Erin Simpson of Capital Market Risk Advisors suggest this is due to an inadequate management of alpha risk
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FeaturesUnlocking the buyout market
The UK’s pension buyout sector has generated attention and controversy in almost equal measure. Joseph Mariathasan discusses business models and future trends with leading players
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Special ReportOff the record: Bean counters called to account
Few issues have generated so much controversy among Europe’s corporate pension schemes as the application of international accounting standards (IAS). In Switzerland, the introduction of IAS19 has led pension lawyers to re-define Pensionskassen as defined contribution (DC) rather than defined benefit (DB) schemes in an effort to escape its provisions. In the Netherlands, industry-wide schemes have argued that the involvement of a large number of corporate sponsors has made the implementation of IAS19 impossible.
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Features
Asset allocation
Equities Investors are more bullish on US and UK equity markets and more bearish on Japan, Asia, and euro-zone equities. Asia experienced the biggest decline in sentiment; with the number of investors predicting a rise in Asian equities falling 10%. Asia had been the one bright spot in terms ...
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Features
Not another dagger?
The recent paper from the UK Accounting Standards Board (ASB) was described by Aon Consulting as “another dagger in the side of final salary pensions”. But when is a dagger not a dagger? Apparently, when an organisation or even an individual does something to draw attention to the increasingly unsustainable ...
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FeaturesStrategically speaking: Finles Capital Management
Finles Capital Management, a Dutch investment management boutique based in Utrecht, is unusual for at least two reasons.
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FeaturesCommission issues two surveys in fight for pensions portability
More artillery has arrived on the battleground where the EU is still fighting for pan-European legislation on the portability of supplementary, non-state pensions for employees. The weapons recently wheeled into place by the European Commission takes the form of two heavyweight studies. These include existing national business practices, measures of ...
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Features
Fiduciary roles
Fiduciary management is now established in the Netherlands, but what role do consultants play when a fiduciary is appointed? Pirkko Juntunen investigated
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FeaturesOverdue for an overhaul
International accounting standards have served pensions accounting well, but it is time for an update, argues Andrew Lennard
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Features
Taking a stake
The typical shareholder does not like underperforming companies. However, where he only sees loss of profits, others see an opportunity.
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Features
Positioning your super fund for the future
The head of one of Australia’s biggest investors has some advice for super fund managers who struggle to balance the books. Richard Newell listens to his words of wisdom
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Features
Turkey's financial sector
After a flat 2006, in 2007 the Istanbul Stock Exchange saw an increase of 72% in US$ terms.
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Features
The changing face of Turkey
The heralding of Turkey as a new entrant to the global economy is the result of a misconception. Turkey has, in fact, been tied into the globalised economy for decades, if not centuries.
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Features
New man at EFRP
He may be a new broom, but Angel Martinez-Aldama will be sweeping up much of the same old dust, finds George Coats
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Features
Turkey's Oyak diversifies abroad
Oyak, the €5.5bn pension fund of the Turkish armed forces, is to invest in foreign assets for the first time since it was established over 40 years ago.
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Features
Alpha through restructuring
Paolo Barbieri discusses the opportunites provided by restructuring hedge funds
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Features
Batten down the hatches
The resilience of the European economy brought to the fore in January the question of whether the European Central Bank (ECB) would dare raise rates.
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Features
Capturing opportunities
George Inderst assesses the factors that will drive asset allocation this year
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Features
Caught in the headlights
How has the sub-prime affair and resulting liquidity crisis affected the institutional investment management paradigm? Lynn Strongin Dodds reports
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Special Report
Here comes the sun
Over the past couple of years, an increasing amount of attention has been paid to sustainability and alternative energy funds by media and investors alike. And typically, one of the components of alternative energy funds is solar power technology, also known as photovoltaics (PV). Many in the investment industry hold ...
