All articles by Carlo Svaluto Moreolo
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Asset Class ReportsJosh Shipley, PGIM: “When I look at Europe, all I see is opportunity”
PGIM’s Josh Shipley reflects on two decades of investing in European private credit
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Asset Class ReportsReasons for cheer and for fear in non-bank lending
Demand from both borrowers and lenders continues to drive the growth of non-bank lending, but the uptick in defaults puts private credit returns under pressure
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Opinion Pieces“There is more to European private credit than meets the eye”
Despite the frequent grievances about the poor development of European capital markets, a plethora of non-bank lenders, backed by Europe’s institutional investors, are working hard to provide European businesses with the capital they need to grow and innovate.
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InterviewsKate El-Hillow, Russell Investments: “You don’t want things in silos”
Kate El-Hillow, president and CIO of Russell Investments, tells Carlo Svaluto Moreolo about competing in fiduciary management, private markets and total portfolio allocation
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InterviewsLazard Asset Management 's Jeremy Taylor: “The shape of the market has completely changed”
Lazard Asset Management makes a strong case for fundamental research and active management, Europe co-CEO Jeremy Taylor tells Carlo Svaluto Moreolo
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Opinion PiecesPension funds are under the spotlight – it should be seen as an opportunity
Global policymakers are looking to pension funds to be part of the solution to many problems
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InterviewsScenarios at the ready: How APG’s chief economist views political risk
Thijs Knaap, APG Asset Management’s chief economist, discusses political risk and how it could affect institutional portfolios
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Opinion PiecesPension funds may see merits in owning few stocks, but concentrated equity strategies carry undue risk
When a small but influential group of pension funds, mostly located in the Netherlands, signals a clear shift away from broad equity diversification and towards more concentrated strategies, it does not go unnoticed.
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Asset Class ReportsConcentrated portfolios: How investors are challenging common wisdom by reverting to old-fashioned stock picking
For equity investors of all kinds, the clear trend of the past few decades has been a shift away from stock picking and towards broadly diversified portfolios, managed through passive index exposure or, at most, passive-enhanced or quantitative strategies.
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FeaturesAsset managers face questions over ESG staffing strategies
Is the slowdown in ESG recruitment by global asset managers a symptom of a bigger crisis?
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InterviewsPension funds and physical risks: NEST, PFA Pension and PME Pensioenfonds on climate resilience
As the effects of climate change materialise, European pension funds are increasing their focus on physical climate risks
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Opinion PiecesThree years on from the LDI crisis, has the UK pension industry learned its lesson?
This issue of IPE goes to press almost exactly three years after the UK pension industry was thrown into disarray by what many remember as the ‘LDI crisis’. On 23 September 2022, then British chancellor Kwasi Kwarteng announced sweeping tax cuts that prompted a frenzied sell-off ...
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Asset Class ReportsEmerging market debt investor profile: T Rowe Price
That time I hugged our Russia analyst: T Rowe Price’s Samy Muaddi talks about probing EM sovereign credits during the “the biggest inflection point for the industry”
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Asset Class ReportsEmerging market debt investor profile: PGIM Fixed Income
Tight spreads show the maturity of EMD. Cathy Hepworth at PGIM Fixed Income says EMD offers something for every investor
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NewsIPE exclusive: European pensions funds break the €10trn barrier
Assets held by European pension funds grew above trend for the second consecutive year, adding 6.2% of assets in 2024
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Special ReportIPE Top 1000 2025: European pensions break €10trn barrier
Europe’s retirement savings pool grew by 6.2% in 2024, well above the 10-year average
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Special ReportItaly: Mandatory pensions on the cards for new labour market entrants
Government sees urgency in granting early retirement options but some representatives have put forward bold proposals for expanding supplementary pension coverage
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Opinion PiecesItalians must raise awareness about second-pillar pensions
Giorgia Meloni’s government has failed to revitalise the Italian second-pillar pension system. But credit to the pragmatic right-winger who in 2022 became Italy’s first female head of government – at least she tried.
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Asset Class ReportsFive trends to watch in private credit
From the rise of secondaries and capital solutions funds to the trend of concentration among scale players, private credit is experiencing an intense and rapid phase of development
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NewsIPE Top 500 Asset Managers: leading managers outpace the rest in a year of record AUM growth
Global AUM tops €129trn and the ‘trillion club’ widens as 25 managers alone report assets over €1trn
