All IPE articles in December 2004 (Magazine)
View all stories from this issue.
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Features
Asia Pacific economies race ahead
Sentiment throughout the Asia-Pacific region is swinging upwards, as rising markets and inexpensive debt provide a compelling combination for cross-border investors. Those with existing portfolios are now realising attractive returns. However, risk fundamentals such as transparency, liquidity and efficiency remain challenges, so investors in the region should fasten their seatbelts ...
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Features
Tapping into currency alpha
In years gone by, whenever we raised the subject of currency management with a group of pension plan trustees, it often evoked a very emotional response. The general feeling was that active currency management is a form of speculation that should not be permitted by pension plan trustees that have ...
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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
Too long the unloved asset
Most individuals know how much cash they have and why they keep it. Curiously, institutional investors have a more difficult relationship with money. Cash is often neglected, or regarded as an inferior investment, if an “investment” at all. More recently, however, many pension funds have started to reconsider their position ...
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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 ...
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Features
New avenues in residential
UK residential investment offers investors low risk high returns. Residential has many attributes that lead us to recommend it as a core holding for a balanced investment portfolio. The UK residential market has largely been ignored by commercial property investors (residential accounts for 2% of UK property investment according to ...
