All Features articles – Page 18
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FeaturesAhead of the curve: Factors in political change
The evacuation of US and coalition troops and civilians from Afghanistan and the Taliban takeover in August prompted us to examine other episodes of regime change and how equity markets reacted.
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FeaturesPensions Insider: Like the lead role in a bad film
In the sixth of a series of articles aimed at empowering trustees, our insider advises full cooperation with investigators if falsely suspected of impropriety
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FeaturesBriefing - CLOs: a post-pandemic resurgence
Exactly a decade after the collapse of Lehman Brothers, the collateralised loan obligation (CLO) market was breaking records. In 2018, nearly $130bn (€113.6bn) worth of CLO paper was issued in the US and €45bn in Europe, a sign that the crisis of confidence caused by the Great Financial Crisis was over.
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FeaturesBriefing: PE fees under scrutiny
The balance of power between private equity firms and investors typically swings with the fundraising cycles.
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FeaturesFixed income, rates, currencies: Policy normalisation kicks in
Although several emerging market (EM) central banks have been hiking rates for a few months already this year, particularly in Latin America, it was only in the third quarter of 2021 that the global share of central banks raising official rates moved above 50%. This is the first time in three years that this has been the case, as several developed market central banks joined emerging market counterparts to tighten rates.
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FeaturesPerspective: Sweden reshapes national ethical stewardship
The Swedish buffer funds are taking stock as the long-standing secretary general of the Council on Ethics steps down
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FeaturesStrategically speaking: IFM Investors
When IFM Investors and its fellow consortium members cracked open the bubbly last month on their successful bid for Sydney Airport following a third revised offer, it marked a bet on a vigorous and sustained recovery in passenger aviation. After all, airports globally, including Sydney, had come to resemble “parking lots for planes”, in the words of IFM Investors CEO David Neal.
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FeaturesIPE Quest Expectations Indicator: November 2021
In Brazil, India and Japan, figures for new COVID-19 infections are low and descending. In the EU, they are low and rising, in particular in the former eastern bloc countries and areas. The US curve is going down fast from a high level. The statistics for Russia and in particular the UK are worrisome to bad. These two countries have relied on vector-based vaccines that are, on average, less effective.
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FeaturesAhead of the curve: The good, the bad and the ugly of momentum investing
Last year proved a remarkable one for momentum strategies. The tech giants that had done so well in recent years continued to outperform at the beginning of 2020, and the same high momentum names were further buoyed by investors’ preference for the digital over the physical economy with the onset of COVID-19.
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FeaturesSaudi Arabia at the crossroads
As the liberal democracies of the world resign themselves to dealing with the aftermath of the US pull-out from Afghanistan, they face the fact that, as former UK prime minister Tony Blair stated recently, “despite the decline in terrorist attacks, Islamism, both the ideology and the violence, is a first-order security threat”.
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FeaturesBriefing: UK fiduciary management
In 2019, the UK government introduced reforms to the investment consultancy and fiduciary management sector. That followed a review by the Competition and Markets Authority (CMA) that identified competition problems.
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FeaturesBriefing: Dutch fiduciary management
A new pensions agreement between the Dutch cabinet and social partners last year requires nearly all Dutch pension funds to switch to a new defined contribution (DC) contract. It includes a lifecycle system and personal pension pots. The idea is to combine collective and individual components in one pension agreement.
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FeaturesBriefing: Insurance-linked securities
Hurricane Ida in late August and early September caused great damage to the southern coast of the US. Fortunately, for people in this area, insurance policies often cover destructions to their properties. Since covering such damage can lead to severe losses for insurance companies, they are keen to reinsure themselves.
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FeaturesFixed income, rates, currencies: Simmering tensions bubble up
After a reasonably peaceful summer – relative to the many previous volatile ones for capital markets, that is – simmering tensions are bubbling over, affecting many financial asset classes.
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FeaturesPerspective: Songs strike a chord
A welter of recent private market deals and artists’ catalogue sales have moved music income strategies into the mainstream
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FeaturesPensions Insider: Silence can be golden
In the fifth of a series of articles aimed at empowering trustees, our insider gives an example of when openess could exacerbate a problem
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FeaturesResearch: A new understanding of investor satisfaction
Compelling statistics highlight the differences in the economic value of service quality in institutional markets
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FeaturesTransformation as a strategy
Investing sustainably is making the jump from niche to mainstream, but as it gains in popularity, it is also becoming far more complex. Whereas investors initially preferred to exclude problematic companies or even entire sectors, there has since been a shift in attitudes.
