All IPE articles in June 2009 (Magazine)
View all stories from this issue.
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Asset Class ReportsThe hunt for treasure
Rather than worrying whether the recent emerging market equities rally is sustainable, investors who believe in a long-term growth story should not attempt to time the unpredictable, finds Joseph Mariathasan
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Asset Class Reports
Africa: the efficient frontier
“Africa is where Asia was 20 years ago,” says Richard Segal, a strategist with African financial services firm UBA Capital. “The question is, will Africa be where Asia is now in 20 years’ time?” It certainly struggles against many questionable assumptions. First, that it simply isn’t relevant as an investment ...
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Special ReportCommodities conundrum
Martin Steward tries to pin down the nature of the commodity risk premium
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Special ReportCover all angles to stay ahead in the game
Adam Taylor of Liongate Capital argues that a diversified portfolio of alpha managers is the optimal exposure to the commodities story
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Features
The real carry trade
If you buy into the emerging-market growth and commodities stories, maritime investments could offer another way to diversify your exposure, writes Martin Steward
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FeaturesEastern values show promise
While Western financial services world languishes, Pirkko Juntunen notes that firms in the East, such as The BMB Group, appear to be cashing in on opportunities for growth
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Special Report
Upheavals in the fee world
Credit crisis pressures are forcing trustees and boards to seek more from their custodians both in terms of better risk management and lower costs, finds Iain Morse
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Features
Crunch-time commodities
Oil prices have driven a commodities rally this spring as crude rose from its low of early 2009. How is this backdrop affecting investors’ attitudes towards commodities? This month’s Off The Record survey sampled pension funds’ attitude towards commodities.
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Features
Big is not beautiful
I have mixed views about big fund managers merging. It is not obvious what the benefits are for us at Wasserdicht Pensioenfonds. Our consultant has traditionally (and I think mistakenly) recommended big firms simply because they were big. But big to huge to utterly enormous is not a life cycle ...
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Opinion Pieces
Guest Viewpoint
“Seeing that the key to restoring stability lies with them, pension funds are a growing force for change”
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Features
Regulation and ALM
Samuel Sender argues that IAS19 should tolerate funding volatility for DB obligations and that pension funds should improve internal risk models
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Features
A better approach to solvency
The Dutch regulator is using the wrong measure to assess pension liabilities, argue Piet Duffhues and Anton van Nunen. They offer a different approach
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Features
Deficits raise questions over the future of Sweden’s AP funds
George Coats examines whether it is time to put politics aside and create one buffer fund that can provide for all generations and save money in the process
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Country ReportCommon factors despite diversity
Cyprus, Malta, Greece and Turkey have many factors in common. Not least is a need for pension reform, finds George Coats
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Country Report
Economic crisis slows private sector
The impact of the global slowdown and growing unemployment have had the effect of limiting private pensions to the third pillar and delayed discussion of creating a second pillar, says Reeta Paakkinen
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Special Report
Trillions of dollars of expense
US institutions discussed the prospect of a new investment world at the Milken Global Conference in Los Angeles at the end of April. Liam Kennedy, who moderated the institutional investors’ panel, here discusses what they had to say
