Mean reversion is useful in valuing stocks, but there are many unpredictable factors that can disrupt long-term assumptions
Opposing views on the timing and effects of quantitative tightening suggest investors should be cautious of high valuations
LPP’s Richard Savage describes his approach to running an in-house global equities portfolio
It is not easy to predict where markets are heading in this era of great economic disruptions but there are big opportunities for skilled investors
Employees respond positively as Henkel offers one-off payment to reduce DB liabilities
Plus: Hybrid pension plan accounting; Politicians call for break up of ‘big four’; FRC publishes draft plan and budget
IFRS Interpretations Committee says discounts on overpayments to DC plans shouldn’t mean DB treatment is necessary
It has become fashionable to insist on the importance of taking a long-term view but few achieve it in practice
The recent controversy about factor investing has probably not caused any distress to the investment industry, let alone the wider public, but it is a fundamental one
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Dmytro Sheludchenko of Sweden’s AP1 buffer fund explains how it constructs and manages its factor-investing portfolios
Christian Böhm, CEO of Austria’s APK Pensionskasse, talks about the organisation’s blend of dynamic and long-term investment strategy
The growth of non-bank lending in Europe is often mentioned as a trend that could radically transform the European economy. This remains to be seen, but if banks gradually give some of their dominance in the lending market, then firms such as Cheyne Capital Management stand to benefit.
We asked European pension funds whether they see value in investing in UK assets. Despite the uncertainty regarding Brexit, most still see opportunities in the long term
Paul Droop (pictured), CIO of the Bank of Ireland’s staff pension scheme, tells Carlo Svaluto Moreolo about his approach to building a shockproof portfolio