All articles by Carlo Svaluto Moreolo – Page 2
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Opinion PiecesThe evergreen funds evolution in private credit investments
The market turmoil of 2022 taught pension funds a fundamental lesson about balancing long-term objectives with short-term events.
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Asset Class ReportsPrivate credit turns evergreen as funds grow in number
As managers compete for scale and expand their footprint, the role of evergreen private credit funds is expected to grow
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InterviewsECP Asset Management: An Australian approach to concentrated equity portfolios
The 2020s will likely be remembered as a period of high stock market concentration, similar to the decade of ‘nifty fifty’ stocks, which propelled the US market in the years before the 1973 crash.
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InterviewsEuropean pension funds on investing in their home market: a delicate balance
Pension funds in Europe have been reducing their allocation to European assets, especially listed ones. While valuations may be attractive, there is little else to convince them to raise their investments in their home market
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Opinion PiecesUK fiduciary management industry needs to expand
The idea that too much choice limits freedom, known as the paradox of choice, is a powerful one. But the opposite is true as well, especially when it comes to the UK fiduciary management industry.
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Special ReportFiduciary management: Race for UK mandates intensifies
UK pension schemes with complex and diverse needs are turning to fiduciary management in growing numbers. Who will be the winners in this increasingly competitive sector?
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NewsInvestment in European equities by European asset managers has fallen by a third
Share of listed equities issued in Europe held by investment funds domiciled in euro area has dropped from 37% in 2015 to 27% at the end of last year, says EFAMA
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Special ReportProspects for 2025: Pension investors identify risk scenarios
High equity valuations and a possible return of inflation, caused by geopolitical tensions and US policy, have European pension funds worried
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Opinion PiecesThe private credit market needs careful monitoring
European institutional investors seem to be in a bind. Equities performed well this year, but market concentration remains at record levels and many investors expect a correction. Returns from bonds have been mostly positive, but that could change if inflation flares up again. The real estate market may be starting to recover, but it is early days, and the recovery may not be linear.
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InterviewsHow pension funds manage derivatives and liquidity needs
The use of derivatives, for hedging and other purposes, is common among pension funds, but it can be a drain on liquidity. We asked three pension funds how they ensure adequate levels of liquidity when interest rates are volatile
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InterviewsHypoVereinsbank pension funds: Searching for sustainability in private markets
Markus Schmidt, director of asset management for the pension funds of Germany’s HVB, talks to Carlo Svaluto Moreolo about the schemes’ combination of strict liability and risk management with a broad growth portfolio and sustainability focus
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NewsBlackRock nears $12bn acquisition of private credit behemoth HPS
BlackRock is diversifying away from its core business, index investing and ETFs, seeking to build its fee-generation capacity
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Special ReportAsset owners confront waning resolve of their managers on climate change
Will the notable exits from Climate Action 100+ and other investor coalitions influence manager selection decisions for European asset owners?
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InterviewsBNY Investments: More than the sum of the parts?
The world’s top asset managers are a diverse bunch. From pure-play managers to investment bank-owned firms and those with an asset servicing heritage, the different flavours also reflect the changing nature of the sector.
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Opinion PiecesEurope’s right wing can break pensions
Now that they hold power in several European countries, radical right-wing parties can make or break Europe’s pension systems.
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AnalysisThe pensions reform promises of Europe's far-right political parties
The rise of far-right parties has bolstered support for European welfare state systems, but radical right-wing policymakers face difficult choices
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AnalysisHow asset managers are getting to grips with AI
The use case for artificial intelligence in asset management is understood, but there are meaningful questions as to what the technology can actually achieve
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Opinion PiecesInvestors must work together to improve AI stewardship
While perhaps the same cannot be said about climate change, there seems to be a consensus about artificial intelligence (AI) in the United Nations General Assembly.
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InterviewsSEI Investments seeks new partnership approach
SEI Investments, the Pennsylvania-based technology and investment firm, was a vocal advocate for independent fiduciary management in the UK pension industry.
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InterviewsCassa Nazionale del Notariato: Megatrend investor
Stella Giovannoli, CIO and CFO at Italy’s Cassa Nazionale del Notariato, talks to Carlo Svaluto Moreolo about the efforts to modernise the fund
