All IPE articles in December 2014 (Magazine)
View all stories from this issue.
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Information
Standard Terms and Conditions for Event Sponsors
IPE International Publishers Limited Standard Terms and Conditions for Event Sponsors In these conditions the term “Company” means IPE International Publishers Limited or any of its subsidiaries and the term “Sponsor” means the party who places an order confirmation for event sponsorship. All event sponsorship order confirmations accepted by the ...
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Advertising terms and conditions
IPE International Publishers Limited Standard Terms and Conditions for Advertisers and Sponsors 1 Definitions and Interpretation In these terms and conditions (the Conditions) the following terms apply: Business Day means the period from 9.00 am to 5.00 pm in a day other than a Saturday, Sunday or public ...
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Country Report
Pensions in Switzerland: Tectonic plates
The business models of Swiss private banks have been under pressure, leading many to target institutional business, as Carlo Svaluto Moreolo finds
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Features
Vive la répartition
While she might have abolished peculiarities such as yellow car headlights and the old-style caps of the gendarmerie, France’s pension system, based on répartition (redistribution), remains as distinct as ever.
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Asset Class Reports
Investing in Hedge Funds: Uncut hedges
US pension giant CalPERS may have stopped investing in hedge funds, but despite heightened short-term scrutiny, Christopher O’Dea finds that most plans are retaining their allocations, and expecting them to deliver greater value through bespoke strategies
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Asset Class ReportsInvesting in Hedge Funds: Is the trend your friend?
Alex Greyserman looks at how trend-following at different speeds has fared in equity markets during the post-crisis bull market and over the longer term, and finds compelling diversification benefits
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Country Report
Pensions in Switzerland: What can I expect from my pension fund?
For any pension scheme, the purpose of investing is to fund future benefits. A pension fund can offset investment risks in two different ways – either by taking advantage of existing risk capital (reserves), or by adjusting future contributions and benefits.
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Opinion Pieces
Every lesson helps
Here are 12 things arising from the Tesco accounting debacle that pension funds could deploy which would help prevent, or at least mitigate, similar implosions.
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Opinion Pieces
Letter from the US: End to pensions taboo
Pension reform is no longer a taboo subject for voters: this is one of the outcomes of the 4 November mid-term elections.
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Country Report
Pensions in Switzerland: Drawing a line under supervision
Switzerland’s top supervisor wants to move towards a more pre-emptive approach based on risk parameters but the pension fund community is sceptical, according to Barbara Ottawa
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Features
Focus Group: Don't run with elephants
Half of the investors polled for this month’s Focus Group allocate to hedge funds. One additional fund manages hedge fund strategies in-house.
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Features
I need a dollar
Risk assets had a terrible time early in October. What was all the fuss about? Soft US retail sales data? Hardly. The geopolitical background? Unlikely. Weak numbers out of Germany and a lack of faith in the ECB? Jitteriness at the prospect of the Fed packing up QE? Quite possibly.
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Features
Diary of an Investor Praise indeed
My wife Jeanette is from France and it has been a great pleasure over the years to discover that country through her eyes and to get to know her family. This year, at the start of the autumn holidays, we drive down to Lyon with the children to stay with Jeanette’s sister Marie and her husband Jean-Baptiste.
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Features
Global rating of pension systems, interview with David Knox, Melbourne Mercer Global Pensions index
Now in its sixth year, the Melbourne Mercer Global Pension index has become a yardstick for the world’s industry to assess the successes and failures of pensions policy.
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Special Report
Special Report, Fees & Costs: If the price is right
Surveys suggest that investors feel more could be done to make private equity fund terms fairer. But Jennifer Bollen finds that pension funds also recognise that simply squeezing costs may not be the wisest approach.
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Special Report
Special Report, Fees & Costs: Selling fees short
Hedge fund fees have fallen and managers have come around to the idea of negotiating on them, writes Joseph Mariathasan. But structures still need to be more sophisticated.
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Country Report
Pensions in Switzerland: Cost wary could lose out
All sides agree that the new cost transparency regulation is a great success. But the federal government has more ideas up its sleeve, finds Barbara Ottawa
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Country Report
Cost transparency: What Switzerland can learn from the Netherlands
The discussion on asset management costs is not limited to Switzerland. In the Netherlands, similar regulatory requirements have been in place for a couple of years, transparency is completely accepted now, and the discussion has moved to cost levels.
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Special Report
Special Report, Fees & Costs: Coming together to cut costs
Caroline Liinanki finds Danish pension providers merging and teaming up to cut investment costs as they reach the limits of what they can achieve themselves.
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FeaturesHow we run our money: Hans de Ruiter, CIO of Pensioenfonds TNO
Having rationalised the fund’s portfolio, Hans de Ruiter, CIO of Pensioenfonds TNO tells Carlo Svaluto Moreolo about his fund’s positive attitude towards private equity and why he sees alternative credit as a first line of defence against challenging markets
