Asset Allocation – Page 206
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Features
Minister with a mission
How does a deeply religious man who wanted to become a missionary grow into one of the most powerful politicians in the Netherlands? Aart-Jan de Geus is the Dutch secretary for social affairs and employment and oversees the country’s pensions and social security reforms. We take a closer look at ...
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Features
Swiss MM starts to motor
One particular feature of the Swiss pension fund market has been a big driver in the development of multi-manager investment. “Swiss pension funds have been in the vanguard when it comes to hedge fund investment, with some very substantial allocations. And hedge fund investment almost always uses the MM approach”, ...
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Features
Doing it in phases
There is no doubt that reallocating millions in portfolio assets carries huge risks. But while transition managers can smooth the more complex asset shifts and keep costs and dangers to a minimum, there are often less expensive ways of dealing with change, say consultants. Typically, pension funds are turning to ...
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Features
Working to standards
Eighteen months ago, consultants and managers Russell kick-started the process of establishing a standard for measuring portfolio performance during transitions. The result is the T Standard, which sets out the success and performance of a transition. “From the word go, we didn’t want to say that Russell says this is ...
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Features
Innovative combination of tools ensures reserves aplenty
Denmark’s biggest pension fund, ATP, with more than Dkr300bn under management and covering practically 4.9m members in the public sector, undertook a restructuring last year of its risk management process by reviewing two key areas: asset-liability modelling (ALM) and asset allocation adjusting. The two go hand in hand and ATP ...
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Features
Real-time asset-liability testing reduces the stre
With its Pension Risk Management (PRiMa) concept, MetallRente, the Berlin-based pensions fund provider for Germany’s metal industry, believes it has achieved true innovation in pension fund management with the creation of a real-time asset-liability management framework. The two areas of the German pension reform bill in 2001 that received the ...
