All Equities articles – Page 7
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Opinion Pieces
Banking crisis delivers a lesson on equity strategy
We may never know the precise reasons why the in-house equity team of Alecta, the €105bn Swedish pension scheme, chose to invest in excess of €1bn in risky US banks including Silicon Valley Bank (SVB), much of which has now been written off.
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Features
IPE Quest Expectations Indicator April 2023
With new, superior equipment, the Ukrainian military is set to start an offensive soon. Meanwhile, Yevgeny Prigozhin, leader of the Wagner Group, is jockeying to become Russia’s next kleptocrat on the back of the Russian army. Donald Trump’s candidacy is increasingly beleaguered by defeats in court. The trade agreement on Northern Ireland between the EU and the UK is a significant boon for both as well as for Prime Minister Rishi Sunak, not because the trade flows are so important but because the issue blocked co-operation in many other fields. While the winter has been mild and beneficial, there are early signs of a dry spring, quite possible in view of climate change setting in. If that materialises, harvests, therefore food prices, will be affected in autumn.
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News
AP Pension divests further €42m fossil stocks including TotalEnergies, Shell
Danish pensions firm blacklists further 73 companies after tightening fossil fuel exclusion criteria
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News
Alecta’s board orders immediate strategy probe after US bank losses
Swedish occupational pensions giant says its First Republic Bank investment risks being completely lost too
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News
Swedish watchdog grills Alecta, others as US bank losses pile up
NBIM ‘closely monitoring the situation in the market’ after €281m exposure to collapsed banks
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News
Alecta says it’s solid despite losing €1.3bn on US banks in days
Silicon Valley Bank, Signature Bank collapses erase 1% of Swedish pensions giant’s portfolio
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News
Sweden’s AP funds claim ‘major improvements’ in cocoa farming’s child-labour issue
Buffer funds’ Council on Ethics to extend reactive work to cover more asset classes
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News
LGPS Central seeks active global equity manager
The new manager will be funded in mid 2023 with a total value up to £750m
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Country Report
Germany: Financing the Energiewende
German professional pension funds like ÄVWL and BVK are keen to support the energy transition process
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Features
IPE Quest Expectations Indicator March 2023
The next Ukrainian offensive will be in April at the earliest, as modern tanks will have arrived by then. US Republican pushback of ESG and climate-related investments are a new bone of contention in relations with the EU, already strained by the Trump presidency, and a bad sign for US-EU co-operation on China policy, an issue Japan seems to be ducking successfully. Aided by a soft winter, EU energy concerns have become quite manageable.
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News
Border to Coast appoints emerging market equity managers for £700m
Due to launch in spring 2023, the new fund will complement Border to Coast’s existing internally managed EM proposition
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News
Swedish buffer funds AP1, AP3 report 2022 losses of 8.6%, 5.8%
AP1’s CEO stresses importance of liquidity management; AP3 says emerging markets exposures to be analysed
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News
Valida takes cautious equity approach while increasing alternatives
The Pensionskasse closed 2022 with returns of -8.96%, while the Vorsorgekasse returned -8.5% last year
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News
KLP portfolio loss just 1.1% in 2022 as long-term bonds, real estate pay
Norwegian municipal pensions provider benefits from 7.1% real estate return
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News
Cassa Forense to increase investments in private equity, infrastructure
The pension fund is selecting an asset management company for SICAV/SICAF fund investments
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News
PGB awards €4.5bn ESG mandate to Osmosis IM
The move doubles the London-based asset manager’s assets to $9bn
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News
Ilmarinen switches €17bn listed equities to new climate action benchmark
Finnish pensions insurer has started using the MSCI Climate Action index, which it helped develop
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Asset Class Reports
Equities – Thematic funds tap into future trends
Themes have long captured the imagination of retail investors. Now institutions are showing interest, despite the lack of clear definitions
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Features
Fresh views on emerging markets
Despite a large, heterogeneous universe of opportunities across countries that have little or no commonality, risk contagion in the emerging market universe is still an issue, highlighted most dramatically by the 1997 Asian crisis and the risk on/risk off capital movements after the 2007-08 global financial crisis.
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News
Norway SWF loses 14% on assets in 2022 but stages a rebound in January
For first time, NBIM outperforms in a loss-making year