All IPE articles in July/August 2025 (Magazine)
View all stories from this issue.
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InterviewsFondoposte: New investment strategy, same values for Italian postal workers' pension fund
Antonio Nardacci, chairman of Fondoposte, the pension fund for Italian postal workers, speaks to Luigi Serenelli about the fund’s revamped offering, its domestic investments and ESG
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Opinion PiecesTime for some straight talking on ESG matters
Catherine Howarth, chief executive of campaign group ShareAction, expects more of asset owners.
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Opinion PiecesEurope’s nasty pension tax dilemma
The Nobel Prize-winning economist Bill Sharpe famously once said that retirement drawdown is the “hardest, nastiest problem in finance”. In EU politics, the same thing could pretty much be said about taxation.
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Asset Class ReportsFive trends to watch in private credit
From the rise of secondaries and capital solutions funds to the trend of concentration among scale players, private credit is experiencing an intense and rapid phase of development
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Asset Class ReportsUS versus Europe: will private credit investors shift focus?
As market volatility persists, private credit investors are starting to rethink their allocations to the US in favour of Europe
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InterviewsPension funds eye higher private credit exposure in search of yield
Lured by its high returns and continued strong outlook, pension funds are considering increasing their exposure to private credit amid a fast-evolving landscape
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Country ReportItalian pension funds consolidation grinds to a halt
Mergers between pension funds have been too few to have an impact on the Italian pension industry
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FeaturesFixed income, rates, currencies: Questions over US economic policy dominate global concerns
As ever, the US dominates the global economic landscape. While there is still considerable uncertainty around possible tariffs emanating from the US – despite deals struck by the UK, China and Vietnam – the levels are still expected to be markedly lower than those trumpeted on 2 April.
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Opinion PiecesRethinking diversity: the overlooked value of cognitive differences
Over recent years, the term ‘diversity’ has been stretched in so many directions that its meaning risks becoming lost. The original common-sense goals – improving decision making, widening access to talent and ensuring equal opportunity – have become lost amidst a politicised battle.
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Opinion PiecesEurope must forge its own trade relations policy with China – without relying on the US
Iran has recently been in the headlines, but while its relations with the US have ramifications across the Middle East, the more profound longer-term issue may be America’s relationship with China, as Washington beats the drum of a new cold war with Beijing.
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Country ReportCasse di previdenza put under the spotlight
First-pillar pension funds have faced parliamentary scrutiny over their investments, returns and relationships with advisers
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Asset Class ReportsTrade finance: From ‘just in time’ to ‘just in case’
A new joint venture tradeco between Pemberton and Santander aims to give investors access to working capital strategies, and to add a new tech-driven dimension to the age-old business of inventory financing
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Country ReportCase study: Italian pension fund Enpam creates two-part investment portfolio
Doctors’ fund is repackaging assets into cash flow-matching and return-seeking parcels
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Opinion PiecesGermany’s pension buyout market evolves
The pension buyout market in Germany is gradually evolving. Transactions to transfer companies’ liabilities to pension corporations (Rentnergesellschaften), the vehicle used for buyout deals, have occurred regularly in the first half of this year.
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FeaturesEuropean Commission eyes securitisation as way to boost EU’s economy
After years of being discussed as a way to boost the European Union’s economy, securitisation is now firmly at the top of policymakers’ priority list for the 2024-29 legislative term.
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Opinion PiecesShould UK pension funds re-embrace home investment bias?
UK pension funds could be part of a broader, coordinated investment drive to fuel the growth of the country’s internationally unloved small and mid-cap companies
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Opinion PiecesUS budget bill battle fazes Australian super funds
With around A$750bn (€420bn) allocated to the US, Australian super funds are bracing themselves for the impact from a raft of policies being rolled out by the Trump administration.
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FeaturesHigh-yield bonds still attractive despite market volatility
High-yield bonds have proven their resiliency in the current market volatility. Spreads are at the tight end, but yields are also higher than they have been, offsetting these concerns.
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Asset Class ReportsViewpoints: Asset managers prepare for global credit slump
Leading asset managers speak out on the contingency plans needed to ensure resilience in the next credit downturn
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FeaturesChart watch: Uncertainty following tariff announcements persists
Though much of the damage caused by the so-called 2 April ‘Liberation Day’ announcement of US tariffs has been repaired, uncertainties generally remain high.
