Asset Allocation – Page 175
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Features
Positive approach to New Year
IPE asked pension funds in three countries – Germany, Italy and Norway – the same question, ‘What do you hope will happen in 2006, and what do you fear?’ Here are their answers: Dirk Lepelmeier, head of investments at Nordrheinische Ärtzeversorgung (NAEV), which has an AUM of €7.5bn “The ...
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Features
Asset allocation game
The asset allocation game was chaired by Karel Stroobants of Akkerman Stroobants in Brussels and focused on how the imaginary ‘Easy Going’ pension fund should handle its asset allocation, on which the attendees were invited to vote. Six asset management executives - Darrell Riley of T Rowe Price, Craig Scholl ...
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Features
Allocation gap for alternatives
Ever since Gary Brinson’s 1986 publication of a paper demonstrating that asset allocation is the dominant factor in determining the return of a portfolio, strategic asset allocation has been accepted as important. When it comes, however, to including alternative asset classes in an overall asset allocation framework, the industry is ...
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Features
Achievements and challenges
The euro has very rapidly created a zone of monetary stability in Europe. The average inflation rate in the euro area has been a little above 2%. This is somewhat above the level of what the ECB defines as price stability, but a good performance in view of the increases ...
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Features
The new quasi-consultants
The specialist pensions groups at the investment banks have a lot to offer trustees. They can be a valuable source of expertise particularly when it comes to using complex financial instruments to solve the liability mismatches plaguing many funds. But just whose side are they on, and is their advice ...
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Features
Markets on the move
Swedish pension funds are in a state of culture shock as they get to grips with two new major pieces of legislation. All will have to raise their game as the occupational pensions directive opens up a veritable smorgasbord of investment choice but in return demands prudence. Meanwhile, the authorities ...
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Features
Northern lights
Norway’s long-awaited pension reform allowing defined contribution (DC) schemes will come into effect next year. Among the main provisions is that all employers with two or more employees will have to provide some type of pension plan for their staff. This will bring 600,000 new pension savers onto the market. ...
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Features
Keyed into technology
Although pension regimes can differ significantly from country across Europe, pension funds share a belief that technology is critical to successfully meeting the challenges that face them today. A common theme across the region is change – new regulations, new behaviour in markets where assets are invested, new competition, and ...
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Features
Outstanding performance from innovative newcomer
The Gildi Pension Fund is a new name in Icelandic pensions, but it has now won the country award in the first year of its existence. The fund was established on 1 January 2005, from the merger of two pension funds, the Framsyn Pension Fund and the Seamen’s Pension Fund. ...
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Features
Satisfied by sexy industry
Han Thoman recently retired as managing director of Blue Sky Group, which manages the pension assets of airline KLM and several other clients. He also stepped down as chairman of OPF, the Dutch organisation for company pension funds. He joined Blue Sky in 1999 as it was spun off from ...
