All IPE articles in June 2005 (Magazine) – Page 4

  • Features

    Pensions in a nutshell

    June 2005 (Magazine)

    Oil giant Royal Dutch/Shell is running a feasibility study on the possibilities of merging its worldwide pension asset and investment advice departments. According to Shell spokesman Henk Bonder the initial focus is on combining the asset and investment advice departments of its UK and Dutch pension funds. This does not ...

  • Features

    Pioneers can pay a price

    June 2005 (Magazine)

    Sweden is known for its pioneering approach to pension provision. It introduced member choice of investment in its state Premium Pension defined contribution pension scheme, and make asset and liability modelling obligatory for its Allmänna Pensionsfonden (AP), the funds that back the government’s pay-as-you-go scheme. Such innovations depend upon modern ...

  • Features

    Risk-controlled repos

    June 2005 (Magazine)

    With repos, or securities repurchase agreements, many larger pension funds can lend directly, dispensing with the expense of money market fund manager fees altogether. The problem of dealing with the collateral exchanged in the repos process can be a hurdle, but this can be outsourced, says Bank of New York ...

  • Features

    Residual or strategic?

    June 2005 (Magazine)

    Large amounts of pension fund cash are held in current accounts: it is estimated that 40% of all cash is held this way. But money market fund providers say there is a better way. Putting the cash in funds not only generates better returns, but also improves credit security. Money ...

  • Features

    Use risk wisely

    June 2005 (Magazine)

    The belief that risk management means merely minimising or eliminating investment risk has few followers today. It is now widely accepted that investment risk is necessary to drive returns, and that it is the function of risk management to enable the asset manager to maximise the use of risk to ...

  • Features

    The turning of the screw

    June 2005 (Magazine)

    Would you be willing to lock up investments for your grandchildren to use in 50 years time if the return was going to be fixed at 4.21% annually for the total period? The answer for most people would be obviously no. Yet the French treasury issued e6bn of 50 year ...