All IPE articles in February 1997 (Magazine) – Page 2
-
Features
International competition puts focus on pension costs
Global competition made maximising long-term investment returns on pensions assets a key priority for multinational employers, according to Gert van Bezooyen, head of corporate pensions at Philips International in Eindhoven. “Excellent performance is what we are looking for as we approach the 21st century, taking into account the global competitive ...
-
Features
Communicating through cultural differences
Europe, we are assured, is a family of nations. Yet in spite of the best endeavours of those such as Esperantists, it remains a family where there is still no single, truly universal, language. Inevitably, there are times when communication difficulties arise. Most companies of any reasonable size have a ...
-
Features
Index management: a high value service or commodity?
In the US pension arena, index management has been a major factor since the early seventies and, following a typical product life cycle, has reached maturity: 1) fees have come down to a few basis points, 2) competition has been crowded out to a handful of players sharing more than ...
-
Features
USA: Looking to the long term come what may
If you were a US pension manager faced with the rise and rise of the US market, what would your domestic equity strategy be? Three plan sponsors have come up with responses that are surprisingly uniform despite their contrasting styles. The giant $105bn CALPERS has 80% of its $43bn US ...
-
Features
Time to come in from the cold
Times have often been tough for Europe’s pension consultants. But with changes ahead for the industry, their time may finally have come, report Fennell Betson and Bob Crew
-
Features
Steer clear of US, warns Lombard Odier
Our main investment assumption, of a more balanced world growth, estimated at 2.5% for OECD countries, stems from the economic recoveries expected in Japan and Eur-ope, together with more moderate US expansion. We expect inflation to remain pretty much under control, despite gradually increasing wage pressures in the US and ...
-
Features
The race to the top of the class
Bob Crew explains why custodians are opening their doors to consultants and allowing them to grade them
-
Features
Swiss chafe at overseas limit
Swiss pension fund managers who outperformed the Swiss market last year hope to do so again in 1997, but are concerned about prospective levels of returns. The approach will need to be highly selective, says one manager. His favoured stocks are pharmaceuticals and fi-nancials, and he has plans to increase ...
-
Features
Switzerland: Caution and consolidation are watch words
After market increases of 25% in 1995 and 19% in 1996, Swiss analysts are urging caution. “We advise some hedging of positions after last year,” says Bert Röegsegger, head of research at ATAG Asset Management in Berne, “though we are also advising investors not to sell”. Increased profits for Swiss ...
-
Features
The king of the cash mountain
Siemens feel they have reached the end of the line with the book reserve system. Herbert Lohneiss tells Fennell Betson why he is not satisfied. At Siemens, they reckon they have gone as far as they can to funding the group’s enormous pensions provisions under the book reserve system. But ...
-
Features
Funds fight tax cases in US courts
British and Dutch pension funds, most notably PGGM, are involved in litigation in the USA or have cases pending which will clarify their tax status and could bring millions of dollars worth of rebates. The funds hope to claim a rebate on withholding tax from the Internal Revenue Service on ...
-
Features
Misplaced 'EMU-phoria' could result in bumpy ride
Andrew Gillies discusses the clouds on the horizon for pension funds
-
Features
Japan: Time to join Japanese bulls as currency fears ease
We believe the Japanese equity market will bottom out this quarter in its present range (Nikkei 18,000 and Topix 1,400). The market should find its feet during the first quarter and will be significantly more buoyant through the summer. The market has trended downward because market sentiment is overly depressed. ...
-
Features
Switzerland: Boom time for funds
In the past, investment funds were the preserve of the small investor. Now institutional investors are increasingly turning to them as an alternative to direct investment. The disadvantages of higher costs are seen to be outweighed by the savings in personnel resources, as well as the diversification of risk that ...
-
Features
Make funds building blocks of portfolios
Gérard Fischer describes how to implement strategies based on funds
-
Features
Blind dates for euro party players
France will. Spain and Portugal would love to. And the UK can’t decide. Jason Crosland reports on the arduous process in preparing to meet the monetary and fiscal demands of the euro
-
Features
Belgacom goes global
Last year the Belgacom Pension Fund selected eight fund managers and a custodian bank to handle the first tranche of its Bfr55bn ($1.6bn) fund, from the 60-plus respondents to its contract offer. Following an asset liability study to determine the strategic asset allocation, provisional benchmarks and tactical asset limits were ...
-
Features
The mixture as before
With UK pension funds holding a larger share of their assets in equities last year the long-awaited shift to bonds isn’t happening. Or is it?
-
Features
Discipline will beat flair
Bill Goodsall explains why more investors should turn to the secure” haven of quantitative investment
-
Features
Deutsche challenges US in custody battle
Germany’s largest bank – the 125 year old Deutsche Bank in Frankfurt – has announced that it is aiming, this year and for the following two years, to double its custody business. Throwing down the gauntlet to US banks, Deutsche is making it clear that its ambition is to be ...
- Previous Page
- Page1
- Page2
- Page3
- Next Page
