All Features articles – Page 352
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Features
Large IPOs on fast track
Euronext has amended its rules, with the aim of allowing newly introduced large companies to be admitted more quickly. “After adopting general rules on the treatment of initial public offerings in June 2002, the Euronext Indices Steering Committee has decided to approval an additional rule which will see to quicker ...
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Features
Hedge fund seeding
Growth in the hedge fund world is unprecedented and the future remains promising. After a decade of growth averaging 20% a year, analysts now predict that the annual growth rate for the next 10 years could exceed 25%. According to a recent study by Oliver, Wyman & Co and UBS ...
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Features
It's good to talk
The value of an encyclopaedia, someone once observed, is that it knows, so you needn’t. Until recently, the same was true of company pension funds. They tended to be administered in a paternal fashion. The message from management was: “You need not concern yourself about how your pension works – ...
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Features
No hiding place
Often within the investment management business, investors are confused by the products on offer, there by building an unnecessary and unhealthy distrust. But comparing apples with oranges is a large part of the problem. This problem refers to situations where trustees and those in the investment consultancy community compare performance ...
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Features
More returns without increasing risk?
Amid greater longevity and falling stock markets risk management has become a much more important issue for pension funds than ever before. However, different pension funds are tackling the problem or having the problem tackled for them in very different ways. Whilst a number of well resourced companies remain firmly ...
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Features
The Neyt legacy
The only guide to managing our pension fund assets are our liabilities – these are the raison d’être of pension funds. Never think asset only. You must not manage a pension fund like an investment fund. Your asset allocation is based on your liability characteristics. So if they are index-linked ...
