All articles by Carlo Svaluto Moreolo – Page 3

  • Axel Rahn
    Asset Class Reports

    Equities – Testing times for high-conviction equity strategies

    June 2023 (Magazine)

    Today’s environment may favour stock picking, but investors continue to face pressures to justify the added risks

  • Datta, Tapan 2
    Special Report

    Outlook – Europe and the world: CIOs focus on bonds and quality stocks

    June 2023 (Magazine)

    With the prospect of weaker growth, volatility and higher inflation and rates, strategists argue for more selectivity in investments

  • Carlo Svaluto Moreolo
    Opinion Pieces

    Do not blame institutions for taking risks

    June 2023 (Magazine)

    Alecta, the SEK1.19trn (€105bn) institution that manages the Swedish ITP private-sector pension scheme, is being probed by Swedish regulators for the €1.9bn capital loss it experienced earlier this year, as the three US regional banks it invested in – Silicon Valley Bank, Signature Bank and First Republic Bank – collapsed. The institution reacted by firing its influential CEO Magnus Billing. 

  • Big Ben and the Houses of Parliament, London
    News

    New PPF proposals would represent ‘seismic changes’ to UK pensions landscape

    2023-05-26T14:42:00Z

    Plans would mean ‘struggling’ DB schemes could choose to opt-in to the Pension Protection Fund

  • Liquidity in UK Gilts worsened significantly in Q3 2022
    Country Report

    UK: A review of the LDI debacle

    May 2023 (Magazine)

    The UK Parliamentary inquiry into the LDI crisis has shed light on its causes, but the debate over the lessons learned for the UK DB industry is far from over 

  • Carlo Svaluto Moreolo
    Opinion Pieces

    Blame will not solve the issues raised by the LDI crisis

    May 2023 (Magazine)

    The chain of events that led to the UK’s liability-driven investment (LDI) crisis, a high-profile inquiry by the UK Parliament, and a time of anxiety and introspection in the country’s pension industry, started well before then prime minister Liz Truss’s government and its somewhat reckless ‘growth plan’. 

  • Carlo Svaluto Moreolo
    Opinion Pieces

    Emerging market investors should take the long view

    April 2023 (Magazine)

    For institutional investors, investing in emerging markets is a true test of fiduciary duty. The asset class – if it can be defined as such – has enormous potential, yet it is also risky, not just in terms of volatility but also of reputation.

  • Zoltec.PZV.
    Interviews

    PZU TFI: Building the future of Polish pensions

    April 2023 (Magazine)

    Marcin Żółtek (pictured), CEO of PZU TFI, one of Poland’s largest managers of DC pension savings, tells Jakub Janas and Carlo Svaluto Moreolo about the firm’s role in the Polish pension system

  • Russian attack on local market in Shevchenkove village in Kharkiv region
    Features

    Ukraine: The mother of all impact investments

    April 2023 (Magazine)

    Institutional investors can play a crucial role in rebuilding Ukraine in a post-war future 

  • debt
    Asset Class Reports

    Portfolio strategy – Private debt

    March 2023 (Magazine)

    The rise in interest rates and inflation throughout 2022 brought traditional fixed-income assets back into focus for investors. The threat of a recession, the pressure on investors to maintain liquidity in portfolios and the ‘denominator effect’, which sees investors over-allocated to unlisted assets after a torrid 2022 for listed equities and bonds, are all facts that would suggest that private debt markets will suffer. However, investors are still backing experienced private debt managers and allocations to the asset class are forecast to grow further in the medium term.

  • Marshall_Robin-9958
    Interviews

    Bain Capital: Vintage private equity

    March 2023 (Magazine)

    “In our world,  it is quite easy to describe what we do, but it is very hard to do it,” says Robin Marshall, partner at Bain Capital. That statement encapsulates the concept of private equity and is also an effective introduction to his firm. Private equity may be a straightforward idea, but in reality it is an incredibly complex undertaking, which is why the asset class remains a non-core allocation within institutional portfolios.

  • trevor-castledine_Preqin
    Asset Class Reports

    Private debt: Managers take back control

    March 2023 (Magazine)

    Steady demand for private credit puts lenders in a strong position to negotiate beneficial terms, but discipline in lending remains crucial 

  • Ekvall
    Interviews

    AP4: A pension fund investing 40 years into the future

    February 2023 (Magazine)

    Niklas Ekvall (pictured), CEO of Fjärde AP-fonden (AP4), one of the Swedish buffer funds, talks to Carlo Svaluto Moreolo about building a robust and sustainable long-term portfolio 

  • SPMS
    Interviews

    Dutch medical specialists: focus on healthy pensions

    January 2023 (Magazine)

    Marcel Roberts (right), CIO, and Ravien Sewtahal, investment manager of SPMS, the Dutch pension fund for medical specialists, talk to Carlo Svaluto Moreolo about risk management and sustainability 

  • Carlo Svaluto Moreolo
    Opinion Pieces

    European authorities must focus on derivatives risk

    January 2023 (Magazine)

    Opinions may differ on whether Brexit has had a positive or negative impact on either of the parties involved. However, it could be argued that an idiosyncratic event such as the liquidity crisis that took place in the United Kingdom at the end of September could have been averted, had the country been part of the bloc. Investors lost confidence in the UK government, now more isolated than before Brexit, and its ability to maintain its fiscal balance, after the announcement of a massive fiscal spending plan at the end of September. That sent yields on UK Gilts soaring and led to a spiralling lack of liquidity, as pension funds rushed to post collateral on their interest-rate derivative positions. 

  • Dr Apostolos Thomadakis
    Features

    European Commission announcement brings some clarity to derivatives clearing

    January 2023 (Magazine)

    Many unanswered questions linger after the departure of the United Kingdom from the European Union. However, a recent announcement by the European Commission (EC) promises to bring some much-needed clarity to the derivatives market. 

  • The European Commission, Brussels
    News

    EC proposes EMIR amendments to make EU clearing more attractive

    2022-12-07T15:27:00Z

    The Commission aims to build a ‘safe and resilient’ clearing system, by strengthening the EU supervisory framework for CCPs

  • Ian Goldin at Oxford Uni
    News

    IPE Conference: New renaissance

    2022-12-02T17:21:00Z

    ‘A greater share of our wealth is being spent on what economists call non-tradable,’ says Ian Goldin

  • Erik Solheim
    News

    IPE Conference: Positive mega-trends

    2022-12-02T17:03:00Z

    The level of conflict in the world is also lower than in the past, says Erik Solheim

  • ZAOUATI_Philippe_007
    Interviews

    Mirova’s Philippe Zaouati: realistically optimistic

    December 2022 (Magazine)

    Asset management CEOs tend to be a clever bunch, but there cannot be many who are familiar with the work of Antonio Gramsci, the 20th century Italian socialist philosopher.