All articles by Joseph Mariathasan – Page 4
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Asset Class ReportsEmerging market debt: managers face choppy waters
Some see opportunities as investors have exited the asset class but emerging economies continue to face divergent trajectories
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FeaturesInternational Sustainability Accounting Standards Board: An insider view
Technical director Ravi Abeywardana highlights the challenges faced by the newly minted International Sustainability Standards Board and its staff
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FeaturesWe need better climate models to manage global warming impacts
Travelling back to the UK from Sri Lanka in July, I experienced a 10-degree temperature rise with the UK hitting over 40°C. While some people may argue that such extreme temperatures in the UK could just be a statistical anomaly, climate scientists such as Tim Palmer, Royal Society research professor in climate physics at Oxford University, who I spoke to at length on the subject, have no doubt that global mean temperatures are rising as a result of greenhouse gas emissions caused by human activities.
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FeaturesChina calls the tune for emerging markets
If President Xi Jinping mismanages China, the careers of many emerging market asset managers could be over. It would also mean emerging markets as an asset class would become irrelevant, at least according to Xavier Hovasse, head of emerging markets at the French fund management house Carmignac, who has devoted his career to seeking opportunities in emerging markets.
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Asset Class ReportsCredit: Inflation and the bond markets
Risks look likely to be building in credit as central banks wreak collateral damage on economies in their bid to tame inflation
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FeaturesAI could help triple Europe’s private debt market
Investors seeking higher yield have driven the growth of the private debt market. European private debt, though still much smaller than the US market, has also been growing rapidly. European lenders managed assets of $350bn as of June last year, according to Preqin, in a total market of $1.19trn. This is more than double the level in December 2016.
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Special Report
Outlook: Can investors act alone on energy policy?
It may be up to governments to set the rules of engagement to achieve net zero
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Special ReportTowards a sustainable portfolio theory
Applying monetary values to impacts would allow investors to direct capital better and assess opportunities for improved long-term returns
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FeaturesMeasuring health impacts could expand ESG metrics
All companies have an impact on the world beyond just the profits for shareholders. Acknowledging and measuring these impacts in a quantitative manner enables them to be managed for the benefit of all and contributes to the creation of a fairer and more just society. The environment, social and governance (ESG) movement has raised the importance of such sentiments.
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Asset Class ReportsEmerging markets: Investors stay positive on Chinese investments
Many Western investors are staying put in China. But Russia’s invasion of Ukraine has given them pause over what might change their stance
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FeaturesHealthcare investing: Get ready for the next pandemic
The world will have to collaborate on many fronts to ensure preparedness for the next global health crisis.
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FeaturesLonger lives lead to numerous societal challenges
“Demographics is the single most important factor that nobody pays attention to, and when they do pay attention, they miss the point,” management and pensions guru Peter Drucker once declared. The key issue is not only that people are living much longer, but that fertility rates are below the population replacement rate of 2.1 children per female everywhere in the world apart from Africa.
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Asset Class ReportsPortfolio Strategy – Inflation: A new regime
CIOs and asset allocators discuss the effect of inflation on portfolios
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FeaturesJoseph Mariathasan: India’s NPS reaches $100bn in assets
India’s state-run voluntary defined contribution New Pension Scheme (NPS) has reached a milestone of $100bn (€88bn) in assets and is likely to double in size every five years, according to renowned economist Ajay Shah. There are many lessons to be learnt from the success of the NPS, particularly for developing countries seeking to create pension safety nets for their populations from scratch.
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Asset Class ReportsPortfolio Strategy - Hedge Funds: Juggling the ESG imperative
ESG has the power to transform, but do hedge funds have the drive, data and determination to fit sustainability into their investment process?
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FeaturesJoseph Mariathasan: Avoiding ‘tragedy of the horizon’
Climate change is the “tragedy of the horizon”, warned Mark Carney, then governor of the Bank of England, in a 2015 speech to the insurance market Lloyd’s of London.
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FeaturesCreating investable opportunities for caring for the elderly
The world is ageing and the liberal democracies in the developed markets are among the fastest in that respect. China, having had 35 years of a one child policy from 1980 to 2015, also faces the challenges of dealing with a rapidly ageing population. Many working adults face a future of caring for two parents and four grandparents as a result.
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Asset Class ReportsUS banks lead a boom in debt issuance
Capital requirements and locking in cheap funding have prompted banks to issue more bonds, but Europe lags behind
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Asset Class ReportsABS stages a comeback
‘Punitive’ regulations and onerous policies in the wake of the financial crisis saw the ABS market shrink dramatically. But complexity and an illiquidity premium offer opportunities for pension funds
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Asset Class ReportsTech: Uncertain future as FAANG stocks mature
Innovative tech giants deliver many societal benefits, but concerns over personal data misuse and market power abuse could elicit regulatory responses that inadvertently stifle innovation
