In Depth – Page 26
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InterviewsStrategically speaking: APG
If people ask Peter Branner why he moved from Sweden to the Netherlands to run the asset management arm of APG he might tell them that he is in effect chief investment officer for more than a quarter of the Dutch population
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FeaturesAhead of the curve: The psychology of contrarianism
Sociologists are likely to see contrarian investors as deviants, while psychologists may see them as healthy, ‘independent’ thinkers
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FeaturesIPE Quest Expectations Indicator: September 2019
Market sentiment has split in two. For the euro-zone and the US, there was a correction that did not affect trends and equities are still favoured. In the UK and Japan, sentiment is moving towards favouring bonds
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FeaturesIPOs: Unicorn hunting
“Public interest in IPOs hasn’t been this high since the dot-com era of the late 1990s,” say analysts at UBS. Such popularity is stoking fears of a bubble in unicorns – privately-financed start-ups valued at over $1bn (€900m) taking listings.
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FeaturesLiquidity: Bad timing
Pension funds lose billions annually in badly timed trades in the capital markets
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InterviewsStrategically speaking: Muzinich & Co
We are living in Disneyworld,” says George Muzinich, the CEO and chairman of Muzinich & Co, a New York-based investment manager specialising in corporate credit.
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FeaturesAhead of the curve: The bubbles to come
Market bubbles would not happen in a perfect world. But humans are not perfect and our economies are inherently unstable.
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FeaturesIPE Quest Expectations Indicator: July 2019
Markets are still driven by political risk and growth prospects. It looks like the two risks are working in the same direction this month.
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FeaturesIPE Quest Expectations Indicator: August 2019
It looks like political risk is taking a back seat to growth this month, continuing last month’s trend.
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FeaturesBriefing: Shining a light on active ETFs
Exchange-traded funds (ETFs) have grown into a $5trn (€4.4trn) global industry by focusing on a few key selling points – low costs, liquidity, easy diversification and transparency.
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Features
Briefing: Guidance for valuation of ILS
Valuation has always been an important, albeit thorny, component in assessing insurance-linked securities (ILS) but the higher-than-expected losses in 2017 and 2018 made the number crunching even trickier. The recently published set of guidelines from the Standard Board of Alternative Investments (SBAI) is designed to improve the process but investors should always be aware of the risks attached to this asset class.
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FeaturesBriefing: It is all downhill from here
Six months ago, markets were rediscovering volatility, sentiment was wavering and there were growing fears that we had reached the end of a decade-long bull market for most assets. There were several reasons, such as worries over indicators, global trade tensions and the sustainability of corporate earnings growth, but one of the key ones was the relentless raising of interest rates by the US Federal Reserve.
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Interviews
Strategically speaking: Montanaro Asset Management
As a Europe-focused small and mid-cap manager, the decision of London-based Montanaro Asset Management to launch its Better World fund, a global impact focused fund after a 27-year track record as a European house, was most certainly a change in strategic direction.
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FeaturesAhead of the curve: Unlocking new insights
Fundamental investment success involves developing a view on global trends and future market directions as well as identifying relevant investments that are aligned with this strategy. This second step of the process is long and labourious.
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FeaturesIPE Quest Expectations Indicator: June 2019
Last months’ move away from political risk continued this month for the US, the EU and Japan. The UK figures were stable or moving slightly in the opposite direction, reflecting worries over Brexit with the UK body politic in disarray.
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FeaturesBecoming a mortgage lender
More pension funds are eyeing residential mortgages as an asset class
