All Features articles – Page 25
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FeaturesAccounting Matters: Accounting for the Wedge
The reason why defined benefit (DB) scheme sponsors account for inflation is because International Accounting Standard 19, Employee Benefits, tells them that if they make a benefit promise that is linked to price increases, the effect of that commitment has to be accounted for. The starting point for what by any standards is a gargantuan actuarial task is to look at yields on inflation-linked bonds.
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FeaturesIPE Quest Expectations Indicator - December 2020
US COVID-19 case numbers were rising rapidly at the time of writing. Western European figures suggest that the lockdowns are repelling the second wave. Japan’s statistics suggest a third wave is coming. Only an efficient vaccination and a high participation in inoculation programmes can end the threat posed by COVID-19.
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FeaturesBiden signal is green for ESG
For many, US president-elect Joe Biden spells hope. From an ESG-perspective, there are two main aspects to this phenomenon.
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FeaturesPerspective: Manager selection in a pandemic
The social distancing restrictions imposed to contain COVID-19 have made external asset manager selection more demanding, but investors are adapting
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FeaturesPrivate Markets: Denmark's Industriens Pension
Industriens Pension looks forward to a continuing positive experience investing in private markets
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FeaturesFixed Income, Rates, Currencies: Economy reaches tipping point
The global reflation trade, and with it the outlook for further dollar weakness, seems paused as speculation on the outcome of the imminent US presidential election diverts attention and has many retreating to neutral positions.
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FeaturesPrivate Markets - Venture Capital: The case for VC and growth
European pension funds could significantly improve member retirement outcomes by allocating to venture capital and growth equity
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FeaturesBriefing - ILS: resilience despite the thrills
Institutional investors have piled into insurance-linked securities (ILS) with the goal of adding reliable returns and a touch of diversification to their investment strategies.
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FeaturesBriefing: Tail-risk hedging lessons from the corona crisis
The coronavirus crisis illustrates that equity collar strategies may still have a place for pension funds
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FeaturesAhead of the curve: Gold all set to shine during uncertain times
Which asset has no cash flow or yield, has a volatility similar to equities even though its long-term performance lags behind equities, and which has also had long periods of negative returns? Gold.
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FeaturesPrivate Markets - Agriculture: A growing asset class
Consumer demand, technology and government policies to encourage regenerative farming are creating opportunities for investors
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FeaturesSmart phones: the key to African opportunity
Demographics are often the least appreciated of the long-term trends that investors consider, despite being perhaps the most important.
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FeaturesAccounting Matters: Who sets the standards?
You are what you know, the saying goes. And it goes without saying that the 211 comment letters the International Accounting Standards Board (IASB) received on its Primary Financial Statements (PFS) project will represent some diverse viewpoints.
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FeaturesIPE Quest Expectations Indicator - November 2020
The two overriding concerns for global markets are the resurgence of COVID-19 cases in many parts of the world and the US elections. In relation to the pandemic it is impossible to know exactly when it will be brought under control. In the US there is a real chance that Joe Biden will win the presidency and the Democrats gain a majority in the senate.
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FeaturesPerspective: What is trusteeship worth?
Running a pension fund is a difficult job, whether for an executive, a professional trustee, or a member-nominated representative
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FeaturesFixed income, rates, currencies: Reality gap widens
August 2020 saw the US Treasury market post one of its worst monthly performances since November 2016, while global equities, led by the US, reached new highs.
