All Features articles – Page 48
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FeaturesIPE Expectations Indicator: December 2017
This survey has rarely found such consensus among asset managers as we see in this month’s survey. Virtually no manager expects euro-zone equities to fall or euro bond prices to rise
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Accounting: Resurrecting the past
Back in 2010, the IASB and its US counterpart, the FASB, published a document that proposed a re-think of financial statements
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Global pension ranking: Europe’s pension systems fail to make A-grade in global index
Achieving the sought-after A-grade in Melbourne Mercer’s survey proves harder this year. Study flags sustainability issues in 11 countries’ pension systems across Europe
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FeaturesAhead of the Curve: Steeling Japan’s governance
While Japan’s boardroom governance may be improving in general terms, it is obvious that best practices have not always permeated every level of the corporate hierarchy
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FeaturesInterview: Alan Rubenstein, UK's Pension Protection Fund
When Alan Rubenstein sat down at his desk on his first day as CEO of the UK’s Pension Protection Fund (PPF) in 2009, his in-tray must have been overflowing
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FeaturesResist the silicon backlash
It is insufficiently recognised just how much the pendulum has swung against Silicon Valley in recent years. A couple of years ago, it was widely seen as heralding a glorious new technological era that would be a great boon for humanity
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Fixed income, rates, currencies: Bullish trend surprises markets
Few predicted that so soon after the election of Donald Trump to the US presidency, the stock market would get back into its (post-financial crisis) bullish trend
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ESG: Cadbury, a governance legacy
Published 25 years ago this month, the Cadbury Report introduced the first comply-or-explain corporate governance code
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FeaturesInsurance-linked securities: Embracing catastrophic risks
Insurance-linked securities (ILS) are an asset class based upon insurance events. They provide an element of diversity to portfolios. Put simply, a market collapse is unlikely to be correlated to a natural disaster.
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Private markets: The integration conundrum
Integrating private markets within an asset allocation can be rewarding but is also challenging
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FeaturesIs transition risk dead in the water?
Investors have been warned about transition risk related to climate change for some time. But these warnings feel incongruous with recent updates about greenhouse gas emissions and the outlook for global warming
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FeaturesDiary of an investor: A free lunch, or two
In common with many others, Wasserdicht’s international pension plans have dispensed with most of their traditional active equity allocations over the years
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FeaturesUnconventional monetary policy needs to end soon
Growth in the euro-zone is back on track, unemployment has fallen and the economy is generally in better shape than before the crisis. The only missing element in the recovery is inflation
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Monetary policy: Too much of a good thing
The ongoing economic expansion is set to become the longest in the post-war era, at least for the US. The debate about the pros and cons of zero rates and quantitative easing continues
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Research: The return of long-term investing
“Successful investing is anticipating the anticipations of others” according to John Maynard Keynes, one of the most influential economists of the twentieth century
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New pensions system is still a long way off for the Netherlands
2020 deadline looks less realistic amid delays and disagreements as to how new sytem should work
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FeaturesNorway reduces oil risk
A hallmark of Norway’s sovereign wealth fund has been its transparency. But Norway has also felt the need to tread cautiously when it comes to the fund’s investment policy
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FeaturesIPE Expectations Indicator November 2017
Just when some major themes seemed to be on pause, managers’ expectations crept into rarified territory, while in others themes in place since at least 2014 have gathered momentum. Whether valuation extremes are appropriate, managers believe they will continue.
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Active investment rebounds
After a period of underperformance, active investment strategies are on the up – for now at least
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Ahead of the Curve: Beware banks
The universal desire to generate economic growth through capitalism lends itself naturally to the long-term nature of pension funds
