All IPE articles in July 2007 (Magazine) – Page 2

  • Features

    Diversification through partnership

    July 2007 (Magazine)

    French banking group BNP Paribas has built a distinctive business model for its asset management business. Through a system of partnerships with specialist investment firms it has created a diversified portfolio of skills which it offers to clients through a single platform. Among the key ‘signings’ have been ...

  • Features

    Judgement day nears for TFR

    July 2007 (Magazine)

    The coming weeks will see whether the Italian government’s attempt to resuscitate Italy’s flagging pension system has been a success or failure, writes George Coats

  • Features

    Introducing a competitive element

    July 2007 (Magazine)

    Portugal’s state social security buffer fund is at the threshold of two changes – the outsourcing of assets and the introduction of a new defined contribution regime within the first pillar. Liam Kennedy asked Manuel Pedro Baganha of FEFSS about these changes and how they will affect the fund

  • Features

    Smoothing comes under scrutiny

    July 2007 (Magazine)

    If the International Accounting Standards Board was looking for praise of its decision to tackle pensions accounting, it found it among members of its recently formed pensions working group at its inaugural 5 June meeting. Although a minority warned the board against creating an era of constant upheaval in pensions ...

  • Features

    Recovering from chaos

    July 2007 (Magazine)

    The Balkan states have long been considered as being at the end of Europe but Branko Zeleznik sees the beginning of a turnaround

  • Features

    SIFs’ challenge to German ‘Spezials’

    July 2007 (Magazine)

    Luxembourg’s new and flexible specialised investment funds are threatening to take business away from German Spezialfonds. Nina Röhrbein reports

  • Features

    King coal bows out of the industry

    July 2007 (Magazine)

    David Morgan is retiring as CEO of Coal Pension Trustees – the executive arm of the trustees of the £26bn (€38bn) pension schemes of the former British Coal – at the end of July after nine years. George Coats asked him about his career

  • Features

    Boom or bust?

    July 2007 (Magazine)

    Joseph Mariathasan asks whether the growth experienced in emerging market equites in recent years is sustainable and considers whether now is the right time to be increasing exposure to the sector

  • Features

    Beyond the headlines

    July 2007 (Magazine)

    Pension deficit figures make headline news. But how useful is the accounting valuation of a defined-benefit plan’s funding status in assessing whether a plan sponsor can match its obligations? Stephen Bouvier speaks to leading preparers and consultants in a bid to find out

  • Features

    How best to deal with a surplus?

    July 2007 (Magazine)

    Following the recoveries in both the equity and bond markets, corporate pension funds in Europe and the US are reporting surpluses for the first time for five years. In the UK, according to Aon Consulting, the largest pension funds have wiped out their deficits, and FTSE 100 companies have a total of about €1bn in pensions surpluses

  • Features

    New compartments as TFR begins

    July 2007 (Magazine)

    We asked three Italian pension funds to explain some of the important issues and challenges currently facing their investment strategies following reforms to the TFR

  • Features

    Asset managers look beyond TFR

    July 2007 (Magazine)

    If TFR is unattractive for most asset managers, where are they looking for opportunities? Liam Kennedy investigates

  • Features

    Assessing the strategic case

    July 2007 (Magazine)

    John Bonaccolta asks whether the asset class provides appropriate performance and diversification characteristics for institutions

  • Features

    130/30 strategies: the US perspective

    July 2007 (Magazine)

    Globally more than $50bn (€37.3bn) may be now invested in 130/30 strategies with several different managers, according to a recent Merrill Lynch report. Those managers include Barclays Global Investors, Goldman Sachs AM, ING IM and UBS Global AM, according to Merrill Lynch’. “It’s not a fad, this is real and ...