All Guest Viewpoint articles – Page 6
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Opinion PiecesViewpoint: Alternative risk premia strategies stand tall amid turmoil
While bond and equity markets have been pummeled in 2022, Alternative Risk Premia strategies have at last been able to demonstrate their diversification prowess. Will this year’s performance restore investor confidence in these strategies after the painful results of 2020?
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Opinion PiecesViewpoint: Net-zero-aligned investment in fossil fuels
Incentivising carbon capture would free institutional investors from having to make decisions about the climate
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Opinion PiecesGuest viewpoint: The UK pensions sector should be more aggressive on consolidation
UK pension assets across both defined benefit (DB) and defined contribution (DC) funds are too fragmented, and our schemes, even the biggest, are sub-scale. Consolidation is not the answer to everything, but it is a big part of the solution.
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Opinion PiecesViewpoint: Asset allocation – factoring inflation
As inflation keeps beating records, real incomes remain under pressure and the standard approaches to diversification are challenged
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Opinion PiecesViewpoint: COP27 needs to have the water crisis at its heart
Measuring and disclosing risks, opportunities and impacts of economic activities is critical to support the transition to a sustainable economy
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Opinion PiecesViewpoint: Dutch pension funds should consider the costs of convexity
Pension funds should consider adjusting their hedging policy as convexity doesn’t seem to payoff anymore
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Opinion PiecesViewpoint: ESMA’s latest shot at ‘pre-hedging’ must now bring a clear set of rules
With a direct and significant impact on the prices that pension and other funds receive for the securities they buy and sell, pre-hedging is a key market cleanliness issue with broad implications for the investment industry, but also the end-investor and the public at large. It should not be overlooked this time around for it could become a LIBOR moment for market confidence.
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Opinion PiecesGuest viewpoint: Diversification and dislocation in a place called dystopia
What happened to my free lunch? They told me that diversification was there for the taking, yet there has been no zig to my zag. They promised me downside protection, but all I see is red. They said liquidity was a benefit, but never mentioned the bid/ask spread. Welcome to dystopia in the era of dislocation.
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Opinion PiecesViewpoint: Consolidation in UK pensions market – what are the options?
Will there be an increase in pension scheme consolidation in the UK market and will it lead to increased investment in alternative ESG assets? Consolidation could provide the collateral to invest in greater ESG assets.
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Opinion PiecesViewpoint: Ageing demographics challenge Germany’s PAYG state pension system
Germany has a well-established occupational pension system, but participation among employees is only about 50% overall, and in the significant SME segment only 30%
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Opinion PiecesGuest viewpoint: Let’s make ESG real, and call out the fakes
Environmental, social and governance (ESG) investing has become pretty much mainstream. At its ideological base is the belief that a capitalist economy and polity that seeks the well-being of its middle class can achieve positive change by mobilising investment flows – in particular, that environmental protection and social justice can come about by correcting where investments are channelled.
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Opinion PiecesViewpoint: Irredeemably irrational – why using IRR to benchmark and pick funds makes no sense
With the continuing proliferation of managers, strategies and funds, wouldn’t it be wonderful if there was one simple metric that could help determine which to back (and which to avoid)? The good news: there is. The bad news: you’re probably not using it.
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Opinion PiecesViewpoint: Impact investing – socially responsible investing reimagined
Investment in support of the UN’s Sustainable Development Goals (SDGs) has more than doubled over the last two years. Yet impact investing has aroused skepticism.
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Opinion PiecesViewpoint: Five myths about alternative investments
Alternatives can help investors pursue their goals by being a source of new opportunities
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Opinion PiecesGuest viewpoint: Pension funds and the EU’s sustainability agenda
The European Commission’s Sustainable Finance Strategy, published in summer 2021, sets out how it will support the EU Green Deal and Europe’s transition to carbon neutrality by 2050.
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Opinion PiecesViewpoint: The realisation of private asset illiquidity risk
The divergence in performance between asset classes over the first half of 2022 has been extreme.
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Opinion PiecesViewpoint: Definition conundrum not a reason to ditch ESG
The difficulty of measuring ESG criteria should not be a reason to ditch the term altogether, according to the Dutch pension federation
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Opinion PiecesViewpoint: Trustees should treat biodiversity as important as carbon emissions
Biodiversity loss carries the same level of existential threat as carbon emissions
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Opinion PiecesViewpoint: Overlaps in judgement
Many investors believe markets to be cyclical and search for signs of cycles in an attempt to predict which investment styles are coming into and out of favour
