All Features articles – Page 405
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Features
State-of-the-art ALM given high priority
The Third Swedish National Pensions Fund was voted Swedish market leader in investment strategy for the asset/liability modelling (ALM) study that the fund carried out as a part of the preparations ahead of the new asset management mandate that came into effect at the beginning of this year. The aim ...
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Features
Soft commission under attack
In his review of UK institutional investment, published in March, Paul Myners drew attention to the lack of scrutiny of transaction fees, particularly broking commissions, incurred on clients’ behalf by their fund managers. Myners was concerned that trustees receive little information and have little control over these costs; the lack ...
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Features
Heightened risk aversion
It is never straightforward predicting outcomes, but today’s investors face even more challenges as the war against terrorism continues. Capital markets seem to be entering new realms and for most investors, even quite seasoned ones, it is pretty much unchartered territory. The US yield curve was the steepest it had ...
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Features
Why indices are becoming similar
In the 1990s, index providers started to notice a chasm between the story their benchmarks were telling and the environment investors were dealing with. Not all of the market capitalisation the indices represented was actually available to buy. Because of this, in the past three years every one of the ...
