All Features articles – Page 77
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Features
Cashing out
This is the last leader column I will write for IPE, ending six years as its investment editor
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Features
NAPF Conference Report: The grand European plan
The language coming out of Brussels in the first three months of 2015 has centred heavily on the Capital Markets Union (CMU). At this year’s NAPF Investment Conference, in Edinburgh, the European Commission was nothing if not on-message.
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Features
Success (and failure) factors
Most of the success or failure of a pension system can be attributed to design and input factors
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Features
Focus Group: Regulatory overkill
Twenty-three of the pension funds polled for this month’s Focus Group survey find their regulators’ approach affects their investment strategy.
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FeaturesHow we run our money: Linde Group
Christoph Schlegel, head of pension investments at Linde, outlines his fund’s economic scenario planning and dynamic investment approach
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Features
Trading liquidity for yield
Investing in illiquid, private debt markets is undeniably hard work but the rewards can be significant diversification and improved risk-adjusted return
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Features
From our perspective: A meeting of minds?
Germany is the undisputed political and economic leader of Europe and the euro-zone but it has been notably less proactive on pensions
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FeaturesWater: Trickle-down value
Jonathan Williams looks at disclosure of water risk and why asset owners should pay as much attention to it as people do to carbon emissions
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Features
Analysis - 2014 Returns: More luck than skill?
The past year will be remembered as one where economic performance diverged among the world’s key markets, with the US and the UK beginning to stabilise, and China and the euro-zone presenting growing cause for concern.
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Features
Swiss Accounting Standards: Swimming against the tide
Some Swiss sponsors have ditched international standards in favour of local GAAP
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Features
PFPP survey: Delivery against objectives
In the first in a series of articles analysing the most recent reporting output of the Pension Fund Perceptions Programme, we assess how pension funds perceive their managers
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Features
ESG - Human Capital Management: Human, all too human
Non-financial risks generally centre on sustainability and governance. Now investors are looking closely at human capital management (HCM), according to Jonathan Williams
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Features
Asset allocation: Where next?
Against the current economic backdrop, trustees and investment committees are unsure which sources of return they should allocate capital to, Liam Kennedy writes
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Features
Asset Allocation: Fixed income, Rates, Currencies - The big picture
Getting the big picture right always helps and sometimes it makes subsequent investment decision-making blindingly obvious. But so often there seem to be diametrically opposed eventualities, with ambiguity everywhere. The dramatic fall in the oil price, for example, is creating plenty of puzzlement.
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Features
Analysis - Regulation: Swiss funds grapple with currency turmoil
It came as a complete surprise to all – 15 January 2015 will be burned into the memories of Swiss Pensionskassen for a long time. It was the day the Swiss National Bank (SNB) decided to cut the peg of the increasingly stronger Swiss franc to the ever-weakening euro.
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Features
UK annuity liberalisation: Challenge or opportunity?
Tiziana Perrella assesses the impact of annuity liberalisation on UK DB pension funds
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Features
Focus Group: Smarter than the average beta?
Over half of the funds responding to this month’s Focus Group survey currently allocate to investments that employ smart beta concepts, with an average of 17.5% of their equity portfolio managed in this way. Nine funds are considering further allocations.
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Features
Peak big three
Journalists are used to receiving an email shortly after an interview in which the interviewee – or his PR reps – entreats them to tone down strongly-worded comments.
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Features
From our perspective: Pensions and the black box
When the UK, Dutch and Swedish pensions ministers met in January, an odds-on bet is that they discussed their respective pension reforms. The proposed overhaul in the Netherlands involves the likely move away from the intergenerational ‘black box’ of an overly complex pension system. Conversely, the UK is trying to bring back a more palatable form of risk sharing with its plans for collective defined contribution (CDC) schemes, which are to be introduced in legislation currently before Parliament.
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Features
Equity buy-write strategies: A bridge into the equity world for the yield-starved
David Turner explores the potential of ‘buy-writing’ as equity-income enhancer and bonds proxy
