Asset Allocation – Page 160
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Features
Shopping for shorts
Has the time come to let managers go long and short? Alastair Sayer looks at the pros and cons
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Full head of steam for asset managers
With pension funds willing to consider new approaches, the asset managers are experiencing heady times. George Coats assesses the fast moving scene
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Holland vies with Ireland and Luxembourg
The Netherlands has taken a leaf out of Ireland and Luxembourg’s book in its plans to be regarded as the destination of choice for tax transparent pooled funds, Kerry Ann White argues
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Knowing what lies behind hedge funds
Dutch pension funds’ growing interest in alternatives like hedge funds is having an impact on the middle and back offices of securities services providers, says Heather Mackenzie
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What is driving the marketplace?
The asset backed market is set to grow and overtake corporate bonds in Europe. Joseph Mariathasan reckons this is just one of the changes facing active bond managers
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How DB schemes lost their sheen
Unless DB schemes become more affordable, they may be completely absent from the market in a few years time, writes Paul McGlone
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Boutique staying true to its roots
Peter Wilby chose Stone Harbor, a beach town on the east coast of the US, as a location to negotiate a deal to spin off a team of some 65 professionals including 27 investment specialists from the entity created by Legg Mason’s acquisition of Citigroup Asset Management last year. The ...
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Who'd buy a bond from a pension fund?
Shayla Walmsley assesses the worthiness of pension fund bond issues on the back of the recent Wellcome launch
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In a world of their own
Size matters when it comes to pension funds. The bigger the fund, the better value it can give scheme members, through economies of scale on the investment side. On the other hand, when a single pension fund has to cover an exceptionally broad geographical area, the costs can mount up. ...
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Persuading the silent majority
The slow development of Italian pension funds is mainly due to the lack of resources to finance them. Neither the companies nor the employees have ‘serious money’ to put into the funds. Contributions made to the pension funds by companies and employees so far have been almost nominal (ie, a ...
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Global liquidity under threat?
Yield curve/duration An uncomfortable unease is permeating all asset classes across all markets. What will the Fed chairman Bernanke do next? Go for more tightening to show the markets that he too is as tough on inflation as his hugely respected predecessor? Or will he wait, giving the US economy ...
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Russia gets taste of market
Non-state (private) pension funds (NSPFs) consider September 1992 the birth date of the pension industry in Russia. At that time President Yeltsin signed a decree making it possible to set up the first funds. In legal terms they had to be socially oriented not-for-profit organisations. Then such a status was ...
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Regional funds reach the parts
The recent pension reform, approved by the former Berlusconi government with law decree 252/05, permits Italian regions to set up ‘regional’ pension funds. This development seems quite unique in Europe: why should regions be empowered to set up their own pension funds? Under Italian law (law decree 124/93 reformed with ...
