Asset Allocation – Page 147
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Features
Surfing the second wave of fiduciary management
After the first wave of full-service fiduciary mandates, Dutch pension funds are beginning to pick and mix asset managers’ fiduciary offerings. David White reports
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From football to the Karma Sutra
Geof Pearson, manager and secretary of the £3.8bn (€5.5bn) Sainsbury pension fund, retired recently after 18 years with the scheme.
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Getting a regional view
Copenhagen-based consultancy Kirstein Finansrådgivning has completed its second annual Nordic investor survey. Jan Willers outlines some of its key findings
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Thank goodness that's over
Yield/curve duration There is a sense of thankful relief that the third quarter is well and truly behind us, although September saw a great reversal of the flight to quality wave that so swamped the markets in July and August. As a result, government bonds have given back to the ...
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Laurus shows the way to LDI
Laurus pension fund has pioneered the use of liability-driven investment in its investment strategy. Dick Kamp, chief executive of the fund, tells David White how LDI has performed
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The challenge to deliver China exposure
Recent studies suggest Chinese hedge funds are becoming more like their counterparts elsewhere. Richard Newell reports
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A large cap renaissance
Is it politics or economics that is increasing the scope for US large caps? Joseph Mariathasan asks what approach should be taken in the world’s most heavily researched equity market?
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No consolidation in sight
While new asset classes are gradually being embraced, the structure of Swiss funds remains largely unaltered, as Nina Röhrbein reports
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Putting the second pillar in place
It was a long and stony road to get the system up and running, and George Coats finds there is still a long way to go
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Trying to stay ahead of the pack
Switzerland’s fiercely competitive asset management landscape has nevertheless provided opportunities for foreign asset managers, particularly in niche areas. Nina Röhrbein finds Swiss investment players optimistic about their prospects as pension funds continue to diversify
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The prime broker view
Current market volatility may delay the arrival of some, but 130/30 funds are definitely on their way. Prime brokers and fund administrators are readying themselves for when the time comes, writes Lynn Strongin Dodds
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Features
Fed’s rate cut buoys markets and steepens curve
Yield curve/duration lthough neither the ECB nor the Bank of England (BoE) raised rates at the start of September, the US Federal Reserve (Fed) did step in to cut rates. While the US forward markets had over the summer already moved to discount an early autumn rate cut, the size ...
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Enhanced cash and the naming problem
The choice of cash funds is growing rapidly, but assessing them is not always easy because the categorisation has not been standardised, says Jonathan Curry
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The dollar is our currency, but it’s your problem
The words of Nixon-era US treasury secretary John Connally are developing new resonance for Asian central bankers
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A matter of experience
When it comes to picking a 130/30 manager, the track record counts, writes Pirkko Juntunen
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Germany fund overview
n general there is an increase in the investment of institutional assets using mutual funds. The arguments in favour of this trend are the adoption of IFRS accounting standards by corporates, mutual funds’ higher liquidity and fungibility, and the corresponding supply of share classes orientated towards the pricing requirements of ...
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Features
A proud man at the helm
Roderick Munsters is the head of investments at Europe’s largest second pillar pension fund, the Dutch civil servants’ scheme ABP. He talks to Brendan Maton about Warren Buffet, Jean Frijns and the opportunities to be found during market crises
