All IPE articles in July 2014 (Magazine) – Page 2

  • Special Report

    Pension Fund Governance: Board effectiveness: From path dependency to integrative thinking

    July 2014 (Magazine)

    “One of the curses of our industry is path dependency,” says Keith Ambachtsheer, director emeritus of Toronto’s Rotman International Centre for Pension Management (ICPM) and academic director of the Rotman’s Board Effectiveness Programme (BEP) for pension funds. 

  • Features

    Sounding boards

    July 2014 (Magazine)

    Charlotte Valeur argues that fund governance should be improved with more pro-active communication between investors and boards, independent of the investment adviser

  • Features

    Bolt the penthouse door

    July 2014 (Magazine)

    The apparent recovery in the UK and converging spreads in euro-zone bond markets mask deep structural flaws in economies that have seen little genuine reform, argues Eamonn Butler

  • Features

    Bond managers are worryingly sanguine

    July 2014 (Magazine)

    ECB president Mario Draghi unveiled his latest measures to arrest disinflation and rouse dormant corporate lending markets in June. Soon afterwards, big records started tumbling.

  • Features

    Burmese days

    July 2014 (Magazine)

    Rachel Fixsen finds mixed views about Burma as an investment destination for European pension funds

  • Features

    Time for a change

    July 2014 (Magazine)

    Earlier this year, the investment team had a briefing from Rolf, the long-standing chairman of trustees of the Wasserdicht Pension Funds here in the Netherlands. Things are changing, at least in terms of our internal governance, and Rolf came along to tell us about it.

  • Features

    Time to come together

    July 2014 (Magazine)

    M&A activity is expected to increase as the global economy recovers. Gail Moss looks at the implications for pension funds that sponsors and trustees should consider

  • Country Report

    Italy: Your country needs you

    July 2014 (Magazine)

    Pension fund assets are in demand for infrastructure and SME lending as bank credit dries up. Carlo Svaluto Moreolo finds mixed views about whether funds will take up this opportunity

  • Asset Class Reports

    Investment Grade Credit: When the flows reverse

    July 2014 (Magazine)

    Jittery investors at the top of markets and liquidity mis-matches within investment products could exacerbate the current lack of market-maker liquidity in corporate bonds. Charlotte Moore assesses the risk

  • Asset Class Reports

    Investment Grade Credit: Worth the weight

    July 2014 (Magazine)

    Smart beta has taken the equities world by storm in the past three years, and practitioners are now turning their attention to bond markets – including credit. Joseph Mariathasan and Martin Steward look at some of the strategies becoming available

  • Asset Class Reports

    Investment Grade Credit: Electronic liquidity taps open up

    July 2014 (Magazine)

    A recent paper from Pictet Asset Management paints a picture of fast-diminishing liquidity, but also some innovative responses. Martin Steward reports

  • Country Report

    Italy: Desperately seeking members

    July 2014 (Magazine)

    Consultants and asset managers tell Rachel Fixsen how they think the Italian supplementary pension system should develop

  • Opinion Pieces

    Is divesting working?

    July 2014 (Magazine)

    OK, it  doesn’t work very well. We’re still on track for runaway climate change, according to Fatih Birol, chief economist of the International Energy Authority.

  • Features

    Financing the real economy

    July 2014 (Magazine)

    The credit funds industry is evolving fast to meet the needs of the world’s SMEs. Claudio Bocci and Gianmatteo Guidetti provide a survey of the products on offer

  • Features

    Inflection point of emerging markets

    July 2014 (Magazine)

    In this article, the first in a series delving into a new study, Nick Lyster and Amin Rajan ask whether emerging markets are becoming yesterday’s story or are merely rebooting their growth engines before the next leap

  • Country Report

    Italy: Revolution, not evolution

    July 2014 (Magazine)

    Maria Teresa Cometto surveys three issues in Italian pensions – politics, slow growth and lack of commitment to pension savings

  • Special Report

    Pension Fund Governance: A market in maturity

    July 2014 (Magazine)

    Fiduciary management has come a long way since its introduction in the Netherlands in 2001. Leen Preesman traces the chequered history that has led to six out of 10 Dutch funds, representing €700bn, embracing various forms of the model 

  • Special Report

    Pension Fund Governance: Independent thinking

    July 2014 (Magazine)

    As the world gets more complex, professional independent trustees may come into their own. But, as Lynn Strongin Dodds writes, the choices have to be thoroughly considered, and some potentially serious pitfalls avoided

  • Special Report

    Pension Fund Governance: Objectives then implementation

    July 2014 (Magazine)

    Martin Steward talks to Roger Urwin about the thinking behind Towers Watson’s ‘transformational change’ projects with the world’s leading large institutional investors

  • Country Report

    On the growth path

    July 2014 (Magazine)

    Turkey’s supplementary pension assets should reach €11bn this year, finds Reeta Ilona Paakkinen. Auto-enrolment and reform of severance payments would boost growth but remain controversial