All Features articles – Page 91
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Features
Corporate bonds go electronic
Amid the ongoing debate about the best market structure for cash credit, Rupert Warmington draws attention to the rapid expansion of electronic trading
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Features
More buckets
Last month, for the first time, we experimented with a new approach to our monthly international strategy meeting. Video conferencing.
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Features
Castilian discipline
Nina Röhrbein asked Jaime Martinez-Gómez about the governance, risk and portfolio strategies of Fonditel, the manager of Telefonica’s Spanish pension fund
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Features
Public sector challenges
Gail Moss speaks to Eva Kiwit of EAPSPI, the voice of public pensions at European level
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Features
Focus Group: Resistant to change?
Less than half of the 19 investors polled for this month’s Off The Record survey (eight respondents) allocate to hedge fund strategies.
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Features
Closing questions
David Paterson, former head of corporate governance at the UK’s powerful National Association of Pension Funds (NAPF) who retired in October 2013, held the last phase of his post during the Shareholder Spring of institutional investor action in 2012, when governance clashes were front page news.
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Features
New combatants in an uncertain war
Despite the single market Commisoner Michel Barnier’s recent concession that the European Commission would not attempt to publish a draft of the revised IORP Directive with its controversial capital requirements attached, the European Insurance and Occupational Pensions Authority (EIOPA) is pushing ahead with several consultations on the holistic balance sheet (HBS)
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Features
The UK fiduciary duty straitjacket
Should trustees consider environmental concerns, or even more widespread systemic issues, when investing on behalf of their beneficiaries?
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Features
Expect more scrutiny on systemic relevance
A transformation is taking place in the five-year performance track records of countless investment funds and strategies as this year fades out and the impact of the market collapse of late 2008 is erased.
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Features
The fiduciary fight
Should trustees feel constrained by the existing interpretation of their fiduciary duties?
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Features
Haggling with the hedge funds
For this month’s Focus Group Survey, we asked 19 readers about hedge funds.
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Features
Interesting properties
Malie Conway considers European MBS the ‘happy medium’ between liquid REITs and illiquid direct real estate, offering low-volatility returns and floating rates
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Features
Time to pool resources
Leen Preesman asks the CEOs of PGGM and PKA about their co-operation plans and about the development of supplementary pensions in Europe
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Features
Sky-high yield
Paul Read acknowledges that further capital appreciation in high yield is unlikely, and argues that good bottom-up analysis is now crucial for capital preservation and decent returns
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Features
Variable solutions
Europe is moving slowly and deliberately away from defined benefit pensions to approaches that, if well considered, might prove a sustainable model for workplace retirement provision.
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Features
Adding the best of DB to DC plans
In the final article in the current series, Nicholas Lyster and Amin Rajan argue that despite the demise of DB plans, the baby is unlikely to be thrown away with the bath water
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Features
Change is afoot in the corridors of Brussels
Not a month goes by now, it seems, without some new major development in EU policy. First came the final reporting guidelines for the Alternative Investment Fund Managers Directive (AIFMD), published by the European Securities and Markets Authority (ESMA) in September.
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Features
African ESG dilemmas
This year’s Principles for Responsible Investment in Person conference in Cape Town, South Africa, focused on two things – ESG issues and Africa.
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Features
The age of the default fund
UK DC pensions will see a boost in members and assets as auto-enrolment kicks in over the coming years. Sally Ling looks at best practice for governance and default funds
