All IPE articles in December 2007 (Magazine) – Page 2

  • Features

    Analysing the analysts

    December 2007 (Magazine)

  • Features

    Cutting-edge strategies resolve risk/return dilemma

    December 2007 (Magazine)

    All pension funds have to balance risk and return, but for local government pension funds, there is also another balancing act involved – the ability to deal with political pressure.

  • Features

    Investment guidelines reflect members’ values

    December 2007 (Magazine)

    With socially responsible investing continuing to develop as an established part of the asset management industry, it is easy for pension funds to make token gestures towards the concept, without necessarily putting in place processes that can effect change.

  • Features

    Core/satellite approach keeps performance up

    December 2007 (Magazine)

    Since its launch in 1999, the Fonditel Red Básica pension fund has achieved remarkable returns on its investments, a record which has kept it permanently at the top of the performance rankings. For this consistency of performance, FRB has won the award for Best Spanish Pension Fund.

  • Features

    Open door policy redefines real estate

    December 2007 (Magazine)

    Investing in any kind of alternative requires care and skill. Real estate is a classic example. There are different ways you can get into this popular alternative and once in, running a property portfolio presents certain challenges – something Denmark’s professional services pension scheme, PKA, knows only to well, with ...

  • Features

    Mutual respect in selecting the best

    December 2007 (Magazine)

    Launched in 1993, Portugal’s small €94m BPI Valorização is unlike many of the other schemes represented at this year’s IPE Awards.

  • Features

    Back to basics review creates complex but manageable system

    December 2007 (Magazine)

    Constructing a successful portfolio will always require careful planning and a clear set of principles to ensure it develops effortlessly and efficiently. This is an ethos that Sweden’s €22.8bn AP3 scheme fully understands. With investment returns falling from 17.7% in 2005 to 9.5% in 2006, the state buffer fund began ...

  • Features

    Commodities results prompt measured reappraisal

    December 2007 (Magazine)

    For most passive commodities investors, 2006 was a disappointing year in performance terms. But instead of a knee-jerk response, reducing its exposure to this asset class, the reaction from Doctors Pension Fund Services was a calm reappraisal of its whole approach to this area.

  • Features

    An extra component to an LDI strategy

    December 2007 (Magazine)

    With assets around some €2.8bn under management, Dutch scheme PNO Media, which represents 30,000 members across the Netherlands’ media industry, may be small in comparison with some of its peers, such ABP and PGGM, but that doesn’t mean it is any less innovative or meticulous in its operations – as ...

  • Features

    Pooled vehicle brings new life to Baltic bond market

    December 2007 (Magazine)

    It is one thing to be aware that a specific market sector needs to be developed. It is quite another to recognise that opportunity and to grasp it with both hands. In helping to grow the corporate debt market in the Baltic countries, and for its innovative approach to its ...

  • Features

    That special touch

    December 2007 (Magazine)

    Inarcassa’s approach to its investments since it was privatised 12 years ago has been both innovative and diligently planned.

  • Features

    Widening the remit

    December 2007 (Magazine)

    A law has been drafted allowing Spain’s reserve fund to invest in equities. But, as George Coats finds, its details and timescale are still unknown

  • Features

    The thinking pension revolutionary

    December 2007 (Magazine)

    Thought leadership is a well-worn term but one sure practitioner in the pension fund world is Keith Ambachtsheer, who has been voted by our readers as winner of this year’s IPE Gold Award for outstanding industry contribution.

  • Features

    Two for the price of one

    December 2007 (Magazine)

    Two complementary pay-as-you-go pension plans operating under one roof, Agirc and Arrco are managed by two pensions federations whose decision-making bodies are controlled by the company partners – Agirc and Arrco.

  • Features

    A touch of magic

    December 2007 (Magazine)

    To win an award of any type is recognition that you stick out from your peers and have achieved excellence. To gain the ultimate accolade of Best Pension Scheme in Europe means you have worked magic and your level of innovation has resulted in something extra special. That sums up KBC’s recent review of its investment strategy perfectly.

  • Features

    Waiting in limbo

    December 2007 (Magazine)

    Among the challenges facing Spain’s pension funds is regulatory sclerosis, George Coats writes

  • Features

    Third man leading the pack

    December 2007 (Magazine)

    Gildi, Iceland’s third-largest pension scheme with €2.18bn under management, believes it deserves the IPE award for Iceland thanks to its successful portfolio management and performance.