Asset Allocation – Page 205
-
Features
Hitting the right mark
The message from the asset management community in Denmark is broadly: ‘It’s still tough out there but it has been a lot tougher.’ In part the difficulties are a result of changes as pension fund and other institutional investors reassess their positions after the 2000-2002 market collapse. But it is ...
-
Features
Smooth transition launches streamlined new structure
To ensure its future success in a fast-changing pensions market, Munich-based Bayerische Versorgungskammer (BVK), an independent pensions holding company with over 1.5m active members and retirees and a capital value at 31 December 2003 of €31.4bn, felt it needed a new structure that was not only cost-effective, efficient and transparent ...
-
Features
Nordic markets look for more
The market for asset management in Sweden is notoriously overcrowded, and for years a feature of Stockholm’s financial scene has been the large number of asset managers looking for a limited amount of institutional business. “There are few markets that have the same level of competition and the same number ...
-
Features
Time for Ireland to take steps to avoid a future pension shock
Recent statistics suggest that Ireland is less immediately threatened by the demographic time bomb than some larger economies. A younger population means our dependency ratios will not go critical until years after many of our European partners. In the words of the proverbial Irish optimist: “it could be worse”. But ...
-
Features
Setting a sensible risk budget
Although the subject of Liability Driven Investing now almost seems like old hat, very few funds have actually changed the way they set their investment objectives. A number of commentators have been raising some very interesting questions about whether the majority of pension funds really understand the risks to which ...
