All Features articles – Page 28
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Features
Corporate Purpose: Shareholders or society?
The COVID-19 pandemic recovery phase is a chance to reshape global economies into new sustainable models
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Features
Briefing: Hybrids come into their own
Back in the days when sailors relied on sails, they used to dread the doldrums – that zone near the equator where trade winds converge, generating windless weather.
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Briefing: Six insights on PE
Considerations for private equity investors in light of the coronavirus pandemic
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Features
Long Term Matters: Time to apply pressure to banks
Remember how the financial sector lobbied against the Financial Transaction Tax? Imagine it lobbies as hard, but for pandemic recovery programmes to include a carbon price. Totally unrealistic? Exactly my point. Failure to price this externality is why capital has not been reallocated and the finance sector’s slow pace of change are two sides of the same coin.
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Features
Alecta: A tale of simplicity
At a time when defined benefit funds are under pressure globally, one Swedish fund offers a model of simplicity
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Features
Ahead of the curve: Value investing – bruised, but not broken
The COVID-19-induced market crash of 2020 has battered investors, and in particular the fans of value investing. In the first quarter, value lagged growth by nearly 14% in the US and 13% globally, exceeding quarterly shortfalls at the trough of the global financial crisis. These losses are second-worst among all quarterly outcomes in over four decades, eclipsed only by the runaway tech bubble in the fourth quarter of 1999, as growth soared and value stalled.
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Features
Stewardship: AGM season in crisis mode
At least in some ways, this year’s proxy season – the period when most large publicly traded companies hold their annual general meetings (AGMs) – has been shaped by the outbreak of the coronavirus, which hit Europe just a few weeks before the season kicked off.
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Features
Accounting Matters: Will IFRS 9 cause a new crisis?
The global financial crisis of 2008-09 was fertile ground for the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB). Suddenly everyone was talking about flawed accounting. Globalisation was king, bigger was better, and politicians were keen to assuage public anger that banks which seemed were healthy were in fact insolvent.
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Features
IPE Quest Expectations Indicator June 2020
In the EU, statistics for both contagion and death by COVID-19 are still diminishing. Relaxing restrictions typically causes a short recurrence. The UK and Sweden are behind the curve.
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Features
Nuclear power: The need for nuclear
Nuclear energy is key to tackling the existential challenge posed by climate change
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Features
ESG: Keeping tabs on offsetting
Portfolios companies’ net-zero commitments often imply use of offsets, which carry risks
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Features
Briefing: Long-term investing: it’s up to the pension board
A practical framework for pension fund trustees looking to implement long-term investment approaches
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Features
Ahead of the curve: Can the system win in EMs?
Systematic investment models have been commonplace in equity markets. Can they generate returns in emerging market debt?
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Features
Briefing: A close look at active credit
Research suggests credit mutual funds and hedge funds are not delivering outperformance
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Features
IPE Quest Expectations Indicator May 2020
Using last month’s model of the statistics on daily new cases as an early indicator and daily case mortality as evidence of policy change, the 21 April situation looks like:
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Features
Long Term Matters: Learning from COVID-19
As the tide of the Second World War was turning in favour of the Allies, there was a ferment of discussion – initially bottom up – about how to build a better world when the war was over. While loved ones were fighting overseas and people at home were struggling with rationing and movement restrictions, some made the time to think about the future. The Bretton Woods Agreement, establishing fixed exchange rates, happened ten months before the war ended in Europe.