All IPE articles in December 2010 (Magazine)
View all stories from this issue.
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Country Report
Switzerland: Sitting pretty
Emma Cusworth charts Swiss pension funds’ allocations to domestic equities
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Country Report
Switzerland: Of prudence and pretence
The asset allocation of Swiss pension funds is subject to detailed government regulations. As the granularity of these regulations has been relaxed over the years, some say that Switzerland is well on her way to adopt the globally established prudent investor standard. Christian Dreyer begs to differ
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Country ReportSwitzerland: A never-ending road
With impeccable timing, yet another scandal has hit Swiss pensions just as the country is finalising a reform of second pillar supervision. Barbara Ottawa assesses the state of Swiss pension regulation and governance
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Country ReportSwitzerland: A never-ending road
With impeccable timing, yet another scandal has hit Swiss pensions just as the country is finalising a reform of second pillar supervision. Barbara Ottawa assesses the state of Swiss pension regulation and governance
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Features
Hedge in the middle
Just over half (52%) of the respondents to this month’s Off The Record survey stated that their pension fund currently invests in hedge funds. Some 66.5% do so via fund of funds, while 58.5% do so directly.
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Features
Heavyweights reject Solvency II
Policymakers, pundits and pensions gurus gathered in Brussels recently to attend the European Commission conference on the Green Paper on pensions. And while the event’s official line may have been safety, sustainability, transparency, working together – with László Andor, commissioner for employment, social affairs and inclusion, pointing out that funding ...
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Features
Global systems lack an ‘A’
Comparing more than a dozen pension systems worldwide, some might expect at least one to achieve the highest mark. However, Mercer, working with the Australian Centre for Financial Studies (ACFS) on comparing retirement arrangements across the globe in its second Melbourne Mercer Global Pension index, was unable to award an ...
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Asset Class Reports
Hedge Funds: Into the mainstream
The hedge fund industry’s operational infrastructure and client base has become increasingly institutionalised and its investment practices continue to converge with those of traditional asset managers, writes Todd Groome
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Asset Class Reports
Hedge Funds: Managed managed futures
What value can a fund of funds add for the managed futures investor? Martin Steward asks Thomas Weber of LGT Capital Partners, whose Crown Managed Futures fund is celebrating its tenth birthday
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Asset Class Reports
Hedge Funds: The view from the Hilltop
Martin Steward talks to Rory Hills about what went wrong with the fund of hedge funds industry – and about how to put it right
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Asset Class Reports
Hedge Funds: Making the illiquid liquid
The secondary market in hedge funds is on the rise as investors snap up illiquid portfolios coming onto the market, says Martin Steward
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Asset Class ReportsHedge Funds: Rehabilitated
Since assets under management crashed during the financial crisis the hedge fund industry has experienced a phoenix-like revival in fortunes. But Joseph Mariathasan finds that it is far from back to business as usual
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Features
Keep it in the family
Gail Moss examines the arguments for and against retaining control of asset management in-house
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Interviews
Winton’s global equity strategy
The West London offices of Winton Capital Management, best known for the diversified managed futures programme that has helped it grow into one of Europe’s biggest hedge funds, feel more like a university campus than an HQ of an asset management firm.
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Country Report
Switzerland: Not enough of a good thing
Nina Röhrbein charts demand for Swiss domestic property and a market that cannot satisfy institutional demand
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Country Report
Switzerland: Efficient, secure and transparent pension funds
The relative benefits of a pension fund are impossible to judge as each stakeholder has a different level of expectation. Gérard Fischer looks at ways of defining a ‘good’ scheme
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Asset Class Reports
Hedge Funds: Hedge funds and the crisis
Citi Prime Services canvassed the opinions of hedge funds and hedge fund investors on the impact from and response to the liquidity crisis of 2007-08, and to gauge its longer-term implications for the sector. Sandy Kaul discusses the findings
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Features
Corridor demolished
The corridor is no more. On 20 October, members of the International Accounting Standards Board (IASB) voted to scrap the IAS19 deferral mechanism. In its place comes the net interest approach.
