All Features articles – Page 98
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Features
It’s a war out there
Anthony Harrington finds optimism among active currency managers, and that a top-down discretionary approach might be best-suited to surviving and thriving through the ‘currency wars’
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Features
Innovate to survive
As business becomes thinner and specialisation becomes crucial, Iain Morse reports on the Norwegian custody market
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Features
Scrutiny: it’s here to stay
If you were to organise a people’s initiative against being ripped off, you might be guaranteed some measure of success. The fact that the people allegedly doing the ripping off are highly-paid executives makes the issue all the more piquant.
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Features
‘Great rotation’, or liquidity-trap trade?
There’s a puzzle at the heart of this month’s Strategy Review on US equities. All four interviewees run defensive portfolios – one is so bearish, he expects a re-rating to 10 times earnings – but have struggled to keep pace with a rally led by quality defensives.
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Features
The end of fees as we know them
Taking to the stage on the first day of the National Association of Pension Funds Investment Conference in early March, Paul Marsh of the London Business School unwittingly set the tone for the rest of the event.
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Features
The EM lending gap
Bank lending to emerging markets is falling sharply – but David Creighton writes that the growth in bond issuance isn’t filling the lending gap
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Features
Developments in Dutch pooling
Recent bilateral agreements and regulatory developments are making the Netherlands more attractive as a jurisdiction for asset pooling, according to Wilfried Mulder and Mischa Muntinga
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Features
Whistling in the dark
Starting this month, the Dutch are implementing wholesale benefit cuts. It’s brutal. The Dutch central bank has calculated that the cuts will affect 2m active employees, 1.1m retirees and 2.5m deferred pension plan participants – well over a third of the total population of 16.7m.
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Features
Currency war? What war?
Two-thirds of respondents to this month’s Off The Record survey do not believe there was a genuine ‘currency war’ on, with about half of these believing it to be all media hype.
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Features
The business of uncertainty
Lynn Strongin Dodds takes a look at a sector beset by uncertainty over regulations, profitability and dividends
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Features
Britain and Europe
The UK has squandered its fiscal strength relative to the rest of Europe, argues Holger Schmieding – and talk of a ‘Brexit’ will only make things worse
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Features
Swimming against the tide
While the entire European pension industry seems to be fretting about the implications of a Solvency II-style directive for pension funds, in the far northeastern corner of Europe, solvency takes on an entirely different meaning.
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Features
Pensions Accounting: A history lesson
In order to understand why the IASB and the IFRS Interpretations Committee will struggle to identify a principle behind the IAS19 discount-rate objective, let us delve into the history of how the board’s predecessor, the International Accounting Standards Committee, arrived at the AA-corporate bond rate ‘rule’.
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Features
Article 47.3: Devil in the detail
Unintended consequences are coming to light with respect to the EMIR framework, which aims to push all trading in OTC derivatives through central clearing.
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Features
Indexation ambition
Nina Röhrbein interviews Bernard Walschots, CIO of Rabobank’s Dutch pension fund
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Features
Yielding results
Ultra-low bond yields and high dividend yields suggest low-risk investors should consider equity income funds. Joseph Mariathasan looks at the options
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Features
Read the small print
The lawsuits now being filed against asset managers for various transgressions in the wake of the financial crisis have been a long time in coming, but it would seem things are in full swing now.
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Features
War, what is it good for?
In the UK we’ve had quantitative easing for so long now that one of the bonds that the Bank of England started buying in August 2009 is about to mature. When that happens, on 7 March, the Bank says that it will re-invest the £6.6bn in more bonds. Is that monetary loosening? My brain hurts just thinking about it.
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Features
Regulating Europe
Gail Moss reviews pension regulation and law changes under discussion in seven European countries
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Features
Lessons learned from the Henderson debacle
The out-of-court settlement in Janaury between a group of 23 investors and Henderson Global Investors over the management of an ill-fated infrastructure fund is a salutary reminder of the difficulty investors face when trying to claim redress after investments turn sour.
