All IPE articles in December 2011 (Magazine) – Page 2

  • Opinion Pieces

    Investing for impact

    December 2011 (Magazine)

    “When traditional investors look at impact investing they sometimes think they have to sacrifice returns. Fortunately, there are many examples of impact investing that lead to both competitive returns and positive social impact. In fact, it can be a very competitive field of investing activities versus mainstream assets,” says Scott Budde, head of the global social and community investing department at TIAA-CREF. This is why TIAA-CREF, with $440bn (€319bn) assets, has been involved in impact investing since 2006, and socially responsible investing since the 1980s.

  • Features

    Too much of a good thing?

    December 2011 (Magazine)

    A well structured fund can enjoy a return premium of up to 1%. What governance structures should smaller pension funds aspire to? Gail Moss reports

  • Special Report

    Forests into fixed income

    December 2011 (Magazine)

    Despite being relatively new to the fixed income market, green bonds offer responsible investors a good opportunity to invest sustainably. Nina Röhrbein reports

  • Opinion Pieces

    Fiona Stewart, OECD

    December 2011 (Magazine)

    Fiona Stewart, principal administrator at the OECD, considers why many institutional investors have failed to live up to their long-term investment potential.

  • Opinion Pieces

    Long-Term Matters: Executive Pay

    December 2011 (Magazine)

    Why should investment professionals care about the ‘#Occupy’ protests? The majority of the public – ie, our customers – share some of the protesters’ views, even if they are not on the streets. One potent driver is the huge growth in income inequality over recent decades. With this comes disgust with politicians for being the primary ‘enablers’.

  • Features

    Persistency via operational excellence

    December 2011 (Magazine)

    In the final article in the current series, Jervis Smith and Amin Rajan highlight the role of third-party administrators as innovation partners

  • Interviews

    New entrant to European fiduciary management

    December 2011 (Magazine)

    Here in Europe, the joke says that British Airways is a pension scheme that owns a few planes. The US equivalent claims that General Motors is a social security fund with a sideline in building Buicks.

  • Special Report

    Too early to tell

    December 2011 (Magazine)

    It’s clear to everyone that globalisation is re-shaping the world economy. But Maha Khan Phillips asks questions of the consensus around which sectors will benefit

  • Asset Class Reports

    Hedge Funds: Dose of fee realism

    December 2011 (Magazine)

    Hedge fund fees do seem to be coming down in aggregate, but Emma Cusworth finds that if you want good performance you might simply have to suck up those charges

  • Special Report

    Rich diversity

    December 2011 (Magazine)

    The bewildering variety of multi-asset funds can make them difficult to compare. But Martin Steward thinks that 2011 has revealed some useful patterns

  • Features

    Diary of an Investor: Investment detour

    December 2011 (Magazine)

    This autumn, we at Wasserdicht Pension Funds in the Netherlands are touring some of our factories around the country to talk to members and pensioners about the pension fund.

  • Features

    Focus on DC

    December 2011 (Magazine)

    It is difficult to retain sight of the founding principles of the EU’s Pensions Directive (IORP) when confronted with the 500-page response of the European Insurance and Occupational Pensions Authority (EIOPA) to the EC’s call for advice last April on its review of the legislation.

  • Features

    Scepticism over cross-border schemes

    December 2011 (Magazine)

    The desire to implement defined contribution (DC) pension plans is growing among companies around the world, while the necessity, one day, of a pan-European DC scheme is at the front of industry minds. But even though some pension providers have already paved the way, the journey is a long one.

  • Special Report

    SRI education must continue

    December 2011 (Magazine)

    A Eurosif study shows a lack of knowledge among European corporate pension funds is hampering greater adoption of ESG factors in their investment strategies, writes François Passant

  • Features

    Heightened scrutiny on derivatives collateral

    December 2011 (Magazine)

    The use of credit support annexe (CSA) agreements, defining the collateral that can be posted in bilateral over-the-counter derivative (OTC) trades, has increased significantly over recent years as pension funds have made increasing use of derivatives.

  • Asset Class Reports

    Hedge Funds: Carving a new niche

    December 2011 (Magazine)

    Hedge funds are booming – but funds of funds are not. Joseph Mariathasan outlines the ways in which the intermediaries are re-thinking their role

  • Features

    A precarious balance

    December 2011 (Magazine)

    We have heard much in recent years about institutions that were, or are, ‘too big to fail’, particularly in 2008 when Bear Stearns collapsed, followed later that year by the entry of Fannie Mae and Freddie Mac into government conservatorship, the bailout of AIG and the collapse without rescue of Lehman Brothers.

  • Interviews

    Taking and avoiding risks

    December 2011 (Magazine)

    Which economic scenarios are you building in?

  • Features

    The good, the bad and the average

    December 2011 (Magazine)

    New analysis from Merrill Lynch indicates that hedge funds have never been so closely correlated with equities as they have in the past three years. It initiated another of those periodic waves of comment that pension funds are wasting their time and money going to hedge funds for “uncorrelated returns”.

  • Features

    NAPF: Preparing for auto-enrolment

    December 2011 (Magazine)

    The EU and DC were two of the most hotly debated topics at October’s National Association of Pension Funds (NAPF) conference in Manchester.