All Features articles – Page 253
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Features
All-embracing reforms
Following the launch of his green paper on ageing, commissioner Spidla told reporters on 18 March that Europe’s falling birth rate and longer life expectancy is not just about older working populations and pension reform, but affects “almost every aspect of our lives”. Pension reform is not explicitly dealt with ...
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Features
The role of multi-managers within asset allocation
When asked the question of what role multi-managers should play within the asset allocation requirements of plan sponsors, it is worthwhile considering the current usual arrangements. The traditional mechanism usually involves a sequential and linear relationship between the plan sponsor, the appointed actuarial and benefits consultancy and the appointed fund ...
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Features
Tapping sources of alpha
The total investment return from an asset portfolio can be divided into two components: q Alpha – the return from taking active risk (ie, not mirroring the market or a proxy thereof, such as an index); and q Beta – the return from taking on exposure to market risk. It ...
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Features
Why quantitative asset management?
Quantitative models assist in dealing with the increase in available financial information through their great capacity for systematic analysis, which facilitates the identification of investment opportunities. The quantitative approach also presents the advantage of avoiding emotional reaction in the selection of stocks so as to act in the most objective ...
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Features
Austrian players look east
The Austrian market is both crowded and highly regulated – not encouraging signs for current or potential participants. Things are changing for the better, but is the market ready? One of the most important developments in the Austrian institutional market has been the implementation of UCITS 3 for investment funds. ...
