Asset Allocation – Page 175
-
Features
Risk now the magic word
Erik van Ballegooijen resigned as the director of the pension fund of TNO technical research institute in Delft, Netherlands, at the beginning of this year What was your first full-time job – and do you remember what you were paid at the time? My first job was as a ...
-
Features
A question of mindset?
As a junior actuarial student in 1991, I recall watching a role-play of an actuary and a lawyer in court. The lawyer was cross-examining the actuary, focusing on the fact that the actuary was advising both the trustees and the employer, without apparently drawing any distinction between the two. Fifteen ...
-
Features
Why pension pooling is a reality
As a panelist at a recent IPE conference, I was asked: “For all the talk about cross-border pension pooling, is anyone actually doing it?” A fair question, because so much pooling-related activity in recent years has gone on behind the scenes. The design and implementation of a first generation of ...
-
Features
Start of the pooling plunge?
Several years of work have gone into Unilever’s giant asset pooling vehicle. After a long period of decision-making, logistics and negotiation, the €5bn multi-fund vehicle, named Univest, was finally launched at the end of last year. The multinational consumer products group set up Univest to provide a central investment pool ...
-
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 ...
-
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 ...
-
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 ...
