All Features articles – Page 75
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Features
Briefing: What the IASB insurance model could spell for pensions
With the IASB about to embark on an overhaul of pensions accounting, Stephen Bouvier looks at what it might mean to apply the board’s insurance liability model to a pension promise
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Features
ESG investment: A Japanese carrot and a stick
In 2014, four years after the UK, Japan became the first country to issue a similar Stewardship Code. He look at the cultural shift occurring in a market traditionally lacking engaged investors
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Features
Focus Group: Recovery to continue
Fourteen of the 21 investors polled for this month’s Focus Group are confident that Europe’s economic recovery is sustainable in the medium term. “No inflation and labour problems are too serious to be solved in the next 18 months,” said an Italian fund.
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Features
EIOPA ignores industry ire in stress test crusade
Would Europe’s pension funds be able to withstand a sudden reversal in asset prices, with the stock spreading across all developed nations?
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Features
Diary of an investor: Smart thinking
Last month I spoke to Katrine, who has taken over as CIO at Pension København, to discuss the co-operation agreement we signed a couple of years ago. When we finished talking about wind farms we discussed risk-and-return sources. Like some of the large Danish pension funds, PensionKøbenhavn has done a lot of work on this subject.
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Features
First-quarter results: Equities lead the way, but pressures remain
Pension funds around Europe saw their asset levels boosted by the rise in share prices during the first quarter, but a range of factors has kept many funds under pressure on other fronts
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Features
No smoke without fire
There is a strange rhetoric surrounding the recent sell-off in European bonds, which pushed yields up for the first time in many months
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Features
Infrastructure: Getting by with a little help from your friends
The UK government has long promised infrastructure assets for pension funds to invest, but with international schemes often larger, we looks at how domestic ones participate
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FeaturesHow we run our money: PFZW
PFZW’s decision to divest from hedge funds was just one element of a comprehensive investment overhaul. Peter Borgdorff and Jan Willem van Oostveen talk about their fund’s renewed strategy
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Features
From Our Perspective: Unity in opposition
They may not be wielding pitchforks but Europe’s pension fund community is of one mind: the stress test proposal of EIOPA is something they, their sponsors, their regulators and, above all, their members, do not need
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Features
QE: Uncertainty is Queen
It is unsurprising that Dutch pension funds sought to voice their concerns about the effect of QE on their sector before that decision was ratified
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Features
Sovereign wonderland
Potential investors in Europe’s sovereign bond markets may feel they have stepped into Alice in Wonderland. Many sovereign debt markets are offering return-free risks, and negative bond yields make a mockery of traditional explanations of the time value of money. What we are seeing is the end result of two powerful but opposing forces within Europe that reflect the chaotic responses to the global financial crisis.
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Features
Swiss troubled by negative 10-year bond yields
Institutional investors in Switzerland are far from happy their government has issued the first 10-year bond in Europe with a negative rate
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Features
Accounting Matters: Fair valuing the future
Bad accounting breeds bad policies. Or so it would seem
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Features
Class Action Lawsuits: Petrobras - A case for care
Pension funds exposed to troubled Petrobras that have lost money on their investment will have to weigh their options carefully before deciding which legal route to take
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Features
Ahead of the Curve: Oil be back
Niels Jensen looks at worlwide production costs for getting oil out of the ground
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FeaturesHow we run our money: Alecta
Per Frennberg, chief investment officer at Alecta, describes his team’s emphasis on investment analysis to Carlo Svaluto Moreolo
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Features
Asset Allocation: The big picture
Although the severe winter did have a significant impact on US economic activity in the first quarter, the strength of the headwinds from a stronger dollar and the collapse in capital spending within the energy sector have also taken their toll
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Features
Dutch pressured over stranded assets
Dutch pension funds are under increasing pressure to reconsider their investments in fossil fuels
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Features
Mezzanine Finance: Mezzanine’s brief hour in the sun
Mezzanine lenders stepped into the breach during the darkest days of the credit crunch, and were paid handsomely for their trouble
