Asset Allocation – Page 189
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Special Report
Who's for governance?
Corporate governance has been on the agenda for many years, but for most pension schemes the attention has been focused on the governance of the companies in which they invest rather than the governance of the pension fund itself. Now, however, pension schemes and their governing boards are being subject ...
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Features
Politicians play hardball
According to the government official statistics, the ratio of people 65 years old and over in Japan would double from 17.3% in 2000 to 35.7% in 2050. Without substantial reforms, social security pensions would be unsustainable in this century, so the pension reform is currently the biggest political and economical ...
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Features
Joined-up thinking
Robin Ellison, the incoming chairman of the National Association of Pension Funds (NAPF), may not be the first UK pension person to lose their bearings in Brussels. But he’s almost certainly the only one to actually get completely lost in the Belgian countryside. It occurred when he was en route ...
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Features
Lattelekom: one of a kind
First Closed Pension Fund, the pension fund for telecoms and electricity supply workers in Latvia, is the only registered pension fund in the country where the employers are also the pension fund’s shareholders. One of the legal requirements of the Latvia’s reformed pension system is that companies that wish to ...
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Features
Pensions in a nutshell
Oil giant Royal Dutch/Shell is running a feasibility study on the possibilities of merging its worldwide pension asset and investment advice departments. According to Shell spokesman Henk Bonder the initial focus is on combining the asset and investment advice departments of its UK and Dutch pension funds. This does not ...
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Features
Use risk wisely
The belief that risk management means merely minimising or eliminating investment risk has few followers today. It is now widely accepted that investment risk is necessary to drive returns, and that it is the function of risk management to enable the asset manager to maximise the use of risk to ...
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Features
The turning of the screw
Would you be willing to lock up investments for your grandchildren to use in 50 years time if the return was going to be fixed at 4.21% annually for the total period? The answer for most people would be obviously no. Yet the French treasury issued e6bn of 50 year ...
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Features
ABS market forges ahead
Europe’s asset backed market enjoyed pretty good health in 2004 – fewer downgrades than upgrades, hardly any defaults, and narrowed spreads. And, says Denis Badalucco, manager of HSBC Asset Management’s Asset Backed Securities (ABS) funds, liquidity also improved over the course of the year. “For our money market asset backed ...
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Features
Looking after your family's financial health
The past five years have proved to be a bit of a learning curve for investors, who have been confronted with the true nature of the risk involved in investment management. High-net-worth families have been no exception and the process of wealth management has evolved on several fronts. Alex Scott, ...
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Features
Austrian players look east
The Austrian market is both crowded and highly regulated – not encouraging signs for current or potential participants. Things are changing for the better, but is the market ready? One of the most important developments in the Austrian institutional market has been the implementation of UCITS 3 for investment funds. ...
