All Features articles – Page 80
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Features
Investment Briefing: Sayonara, keiretsu
Abenomics may not be the only reason to take another look at Japanese equities. David Turner uncovers a sudden conversion to the shareholder-friendly religion
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Features
ESG Interview - Jeanett Bergan, KLP: Divestment is only the start
When should asset owners concede defeat and divest from a troublesome company? Jonathan Williams talks to Jeanett Bergan of Norway’s KLP about engagement, divesting, and how exclusion can be the first part of a longer dialogue
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Features
Heavy hitters throw weight behind collective DC
A pension reform plan recently tabled by nine industry experts in the Netherlands could very well serve as the backbone of the country’s future pension system.
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FeaturesFocus Group Small isn’t necessarily beautiful
If IPE’s Focus Group is anything like a representative sample, European institutional investors do not allocate much to smaller companies. Only about half invest in listed small-caps, and those allocate 5% or less of their assets. About two-thirds invest via private equity but, again, most allocate in single digits.
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Features
Flaws in the holistic balance sheet
Wilfried Mulder and Peter Vlaar outline fundamental shortcomings in EIOPA’s holistic balance sheet approach
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FeaturesPortfolio Risk Management Commentary: Diversifying fat tails away
Peter Meier, Jann Stoz and Marc Weibel explore the effects of optimising for tail risk rather than volatility, in portfolios with and without hedge funds
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Features
Institutions must dare to invest in untested asset classes
Pension funds and other institutions need to be braver, given the environment of low interest rates, and consider strategies used by hedge funds, the 2014 IPE Conference heard.
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Features
Asset Allocation - Fixed Income, Rates, Currencies: The big picture
The new year will surely see the US Federal Reserve finally raise target rates. When it does, it will be for the first time in six years – which is nearly a record
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Features
Ahead of the Curve: An era of diminished expectations
Peter Perkins runs through some basic asset and regional allocation strategies to meet the probable economic scenarios of the next decade
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Features
Discount-rate agenda
The research effort of the International Accounting Standards Board (IASB) on discount rates is pretty low-key. Its 2011 agenda consultation revealed moderate support to examine discounting under IFRS. The project is limited in scope, has one full-time staff member, and might not even result in any changes.
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Features
Funds warm to activist strategies
Almost three-quarters of attendees at IPE’s 2014 conference believe activist shareholding strategies have a role within institutional investment.
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Features
Looking ahead: questions for 2015
Micro-prudential or macro-prudential? What do you mean by long term? Is less sometimes more? Is less sometimes more?
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Features
Vive la répartition
While she might have abolished peculiarities such as yellow car headlights and the old-style caps of the gendarmerie, France’s pension system, based on répartition (redistribution), remains as distinct as ever.
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Features
Focus Group: Don't run with elephants
Half of the investors polled for this month’s Focus Group allocate to hedge funds. One additional fund manages hedge fund strategies in-house.
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Features
I need a dollar
Risk assets had a terrible time early in October. What was all the fuss about? Soft US retail sales data? Hardly. The geopolitical background? Unlikely. Weak numbers out of Germany and a lack of faith in the ECB? Jitteriness at the prospect of the Fed packing up QE? Quite possibly.
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Features
Diary of an Investor Praise indeed
My wife Jeanette is from France and it has been a great pleasure over the years to discover that country through her eyes and to get to know her family. This year, at the start of the autumn holidays, we drive down to Lyon with the children to stay with Jeanette’s sister Marie and her husband Jean-Baptiste.
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Features
Global rating of pension systems, interview with David Knox, Melbourne Mercer Global Pensions index
Now in its sixth year, the Melbourne Mercer Global Pension index has become a yardstick for the world’s industry to assess the successes and failures of pensions policy.
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FeaturesHow we run our money: Hans de Ruiter, CIO of Pensioenfonds TNO
Having rationalised the fund’s portfolio, Hans de Ruiter, CIO of Pensioenfonds TNO tells Carlo Svaluto Moreolo about his fund’s positive attitude towards private equity and why he sees alternative credit as a first line of defence against challenging markets
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FeaturesInterview, John Corrigan, CEO, NTMA: Europe’s comeback kid
John Corrigan must have known he was not taking on the world’s easiest job when he became CEO of Ireland’s National Treasury Management Agency (NTMA) in November 2009. The National Asset Management Agency (NAMA) ‘bad bank’ had been set up to recapitalise the country’s ruined financial institutions, and plans were afoot to carve out a chunk of the National Pension Reserve Fund (NPRF) for the same purpose.
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Features
Commentary, Investment: Cash-flow liquidity
Joe McDonnell describes how carefully modelling cash flows can open opportunities for investing in a wider range of semi-liquid and illiquid assets
