Asset Allocation – Page 174
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Features
Market conduct under microscope
Under the renewed Dutch pension law, one of the new tasks of the Netherlands Authority for the Financial Markets (AFM) will be the supervision of the quality of information pension funds provide their members and pensioners with a second supervisor for the funds. Within the pensions industry this announcement caused ...
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Features
Diving much deeper
Pooling has occupied increasing column inches of the trade press over the past year, as Irish and Luxembourg service providers have sought to promote their respective solutions. Pooling occurs when the assets of one or more pension schemes are aggregated in an underlying pool in order to realise economies of ...
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Features
Straatman and profits of doom
It’s not every day that someone moves from working for the Dutch civil service pension fund to teaming up with a flamboyant UK pizza-and-pubs magnate. But that’s just what Jan Straatman is about to do. His decision to leave his berth at ABP Investments, where he was chief investment officer ...
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Features
Mind the gap: managing your duration
Like any investment approach, liability-driven strategies need to be used within a mix of tactics and instruments. Liabilities need to be taken into account, but not at the expense of performance. Experience has shown that good managers can still add to performance whilst managing liability, if placed in the right ...
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Features
A new paradigm for Europe
Multinational corporations have sought to co-ordinate the activities of their pension funds across multiple countries and most recently the Institutions for Occupational Retirement Provision (IORP) has been introduced through a European Commission directive. The industry must find a way to integrate these different pension offerings so the well meaning aspiration ...
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Features
Leading from the front
The €11bn private equity mandate awarded by Dutch pension funds ABP and PGGM to AlpInvest Partners has taken Dutch institutional investment in the asset class to a whole new level. But will this kick-start a renewed interest by other Dutch pension funds - particularly the smaller ones - in private ...
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Features
Progress means growing pains
In Hungary the average state pension stands at around HUF57,000 (E229) per month, and only around 10% of the population have state pension of more than HUF100,000. Not surprisingly, during the 1990s, as inflation took hold and raced ahead of state pensions Hungarians started to realise that they would have ...
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Features
Limits to help technology can provide
Unsurprisingly, software developers say they can help, and many pension funds are turning to technology providers. The Ilmarinen Mutual Pension Insurance Company in Finland, for example, has implemented a risk budgeting application from New York based provider RiskMetrics. Ilmarinen is using RiskMetric’s application on an application service provider basis. RiskMetrics ...
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Features
Pensions the Hibernian way
The Irish pension system was very often thrown alongside the UK system for general discussion purposes and was considered as a mirror image of the UK system 10 years ago. How very wrong that image would be today. Like the Irish economy, the Irish pensions system has had to evolve, ...
