All IPE articles in January 2017 (Magazine)
View all stories from this issue.
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Features
LGPS: UK pools seek thumbs-up
After months of hard work, the English and Welsh local government pension scheme pools have received feedback on their plans
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Asset Class Reports
Issuance: Opportunity of a lifetime?
Are the ultra-low government-bond yields across the euro-zone a once-in-a-lifetime opportunity for European and US companies to issue debt?
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Opinion Pieces
Long-Term Matters: My inner Trump
Early on Wednesday 9 November we learnt that Donald Trump would be president of the US, and two days later I heard I may have a cancer.
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Features
Focus Group: Let’s squeeze fees
Thirteen of the investors polled for this month’s Focus Group are in favour of asset managers quoting an ‘all-in’ fee. This involves all fees and charges including transaction costs
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FeaturesFrom Our Perspective: FCA raises the game
In 2001, the Myners report raised the issue of the investment value chain and how pension funds could improve outcomes through their governance structure. It also highlighted market inefficiencies in areas like peer-group herding and investment consulting
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Special Report
Private Equity: A two-speed market
Moves to standardise private equity reporting raise challenges for limited partners, Emma Cusworth finds
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Interviews
On the Record: How do you ensure successful manager selection?
Three pension funds - Sparinstitutens Pensionskassa, Grafton Pension Plan and Advocates Pension Fund - share their views on manager selection
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Features
A key element for M&A success
Wolfgang Fickus says mergers and acquisitions can be a riskier strategy than organic growth but buying at the right time increases the potential for value generation
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Features
Economic Policies: Pendulum swings towards use of fiscal stimulus
There is at least one respect in which President-elect Donald Trump is thoroughly mainstream. His support for a fiscal stimulus is shared by an increasing number of leaders across the western world
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Country Report
Russia's pensions system: Economies of scale dominate
Krystyna Krzyzak reports on the trend for consolidation among pension providers as the Russian government tries to modernise a system it appears unable to afford
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Country Report
Poland: Dismantling the second pillar
Krystyna Krzyzak reportson the latest reforms to Poland’s second-pillar pensions system
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Features
Fiscal policy? Let the zombies die
The international shift from an emphasis on monetary policy to a focus on fiscal policy is a dangerous diversion. Pumping money into the economy cannot resolve the underlying weaknesses that have long plagued western economies
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Features
Diary of an Investor: Too much information
Our investment committee members had quite a few questions at the final meeting of 2016. Brexit, Trump, the equities rally, long-bond yields, emerging markets: the trustees kept the topics coming thick and fast
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Special Report
Switzerland: Devil in the detail
The Swiss supervisor has put pressure on the asset management industry to increase transparency. Now the authorities must move to achieve full disclosure
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Country Report
Croatia's pension reform: An uncertain future
The election of a new government has added an element of uncertainty to pension reform
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Asset Class Reports
Investment Grade Credit: Market distortions
Regulatory pressures and political uncertainty triggered by the Brexit vote and the election of Donald Trump are creating challenges for investors in global debt markets
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Asset Class Reports
Sensitivity of global investment grade credit funds to macro factors
PureGroup analyses the sensitivity of the five largest global investment grade credit funds to changes in macroeconomic factors
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Features
Costs really matter
A slow but steady evolution in best practice on cost disclosure and reporting is changing the way pension funds think about the asset management industry as well as the way they structure their internal resources.
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Special Report
Special Report: Fees & Costs - Light in the fog?
A Europe-wide discussion on asset management fees and costs is heating up. Some regulatory and industry initiatives are proving successful at providing common disclosure frameworks for pension funds and their asset managers
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Special Report
UK regulator homes in on costs
The issue of fees has been steadily moving to the forefront of regulators’ minds in the UK. Jonathan Williams examines the steps now being taken by the FCA
