Asset Allocation – Page 167
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Features
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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Features
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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Features
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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Features
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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Features
A noise about silence
The much delayed reform of the pension system is finally due to be implemented at the beginning of 2008. Not a moment too soon. While the date has slipped continuously over the years the urgency for reform grows in sympathy, as the fortunes of the new generation of pension funds ...
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Features
ABP eyes non-listed sector amid short-termism
Europe’s largest pension fund, the Dutch civil service giant ABP, is planning to shift the accent of its investments to non-listed companies and real estate, says chief investment officer Roderick Munsters. The main reasons are the increasing short-term thinking within the listed sector, and the growing pressure of corporate governance ...
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Features
Address the fundamentals
If you ask the question why invest in emerging market equities, the answer is pretty straightforward: emerging market economies are going to be a much more significant part of the global economy in the future and growth rates are generally higher than developed countries. Jim O’Neil at Goldman Sachs estimates ...
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Features
Marè’s advice: hold your course
Italy is on the brink of dramatic changes to its pension fund market. Either the Maroni reform goes on and pension funds grow strongly, or the industry will face a new paralysis that will be detrimental to future retirees. A third way, which is going back to a very generous ...
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Features
Alternatives making a little headway
In Italy, investment rules for each pension fund differ according to what type of legal regime it falls into. The most recent funds, formed under the 1993 pensions law, cannot in general invest in alternatives – they can only do so via harmonised mutual funds linked to traditional asset classes. ...
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Features
When the state bows out
Latvia’s fledgling second pillar pension funds expect to receive a much-needed shot in the arm over the coming year if a plan to withdraw the State Treasury from the market is approved by parliament. “The State Treasury became involved in funded pensions because our pension reform was implemented in the ...
