All Features articles – Page 206
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Features
On the added value of fixed income tactical asset allocation
Why would one pursue an active allocation investment policy within a fixed income portfolio? The overall risk of the fixed income portfolio is low compared to the other traditional asset classes. Even the most risky fixed income asset classes like Emerging Markets and High Yield have a volatility which is ...
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Features
Porting alpha via hedge indices
To understand the concept, firstly ‘alpha’ has to be defined. Alpha is a return that is unsystematic and uncorrelated to a general market direction and risk, whereas beta is a systematic and market related return. The most important question is, what is ‘general market’? Do we only talk about overall ...
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Features
DB back from the dead
When hedge funds, investment banks and private equity firms get involved it’s a sure sign that there’s some potentially serious money to be made. So what’s the hot new market they’re looking at? You might be surprised to learn that it’s the previously unglamorous field of defined benefit (DB) corporate ...
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Features
When the balance sheet rules
IPE asked three pension funds – in Portugal, the UK and Denmark – the same question: ‘What do you see as the implications of the implementation of IAS 19?’ Here are their answers: Colin Hartridge-Price, scheme secretary and chief pensions officer at the BT Pensions Scheme & BT Retirement ...
