Latest from IPE Magazine
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FeaturesIPE Quest Expectations Indicator – December 2025: Uncertainty receding
With Trump losing support domestically, the economy is expected to growh
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AnalysisChart watch: cooling US job market, China’s record trade surplus, Venezuela’s oil reserves
US jobs data points to a slowdown, and the outlook for euro-area growth is dull
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AnalysisFixed income, rates, currencies: markets shrug off the uncertain macro picture
The rising unemployment rate suggests all is not well in the US economy, but the rest of the world – namely China – is getting on with it
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InterviewsSmall but perfectly formed: Italy’s €1.6bn Fondo Pensione Pegaso
The pension fund for Italian utility workers taps into private market expertise to broaden its investment horizons and boost returns
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AnalysisMacro focus: demand for rare earths to rise as countries increase protectionist measures
China’s sudden imposition of sweeping restrictions on rare earth exports took place alongside violent moves in stock markets
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Asset Class ReportsConcentrated portfolios: How investors are challenging common wisdom by reverting to old-fashioned stock picking
For equity investors of all kinds, the clear trend of the past few decades has been a shift away from stock picking and towards broadly diversified portfolios, managed through passive index exposure or, at most, passive-enhanced or quantitative strategies.
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Asset Class ReportsDown, but not out: Private equity enters a recovery phase
GPs are staging a comeback after several years of disappointing returns
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Special ReportTrends to watch in 2026: As stocks defy gravity, bubble fever speculation grows
Stocks seemed to have defied gravity this year, but the latest Bank of America (BofA) Securities Global Fund Managers survey shows that a record 60% of money managers canvassed believe global equities, including the US, are overvalued.
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Special ReportNet Zero: Front Line Dispatches
The vast majority of countries have missed their deadlines for setting new emission reduction targets under the Paris Agreement. last-minute announcements before this year’s Belém COP, however, mean that there is now a critical mass of new nationally determined contributions.
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Special ReportAs fiduciary duty evolves, securities litigation becomes a key tool in pension fund governance
Over the past few years, investor class actions have evolved from a niche legal tool into a central part of institutional governance.
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Country ReportNordic Region pension funds report 2025: ATP hits back at critics on risk structure
An academic discussion in a leading business journal has spilled over into a fully fledged debate with the fund’s leadership
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Country ReportAP funds merger: Sweden’s capital reshuffle
The reform of the country’s AP buffer funds has attracted both praise and controversy with questions remaining over governance, transparency and the preservation of expertise in unlisted assets
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Special ReportThe Moravec paradox: AI and the future of jobs
The rise of artificial intelligence threatens many industries, but could it also see a levelling between ‘intellectual’ and more ‘hands-on’ jobs?
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Asset Class ReportsCase study: Soka-Bau builds out private equity
Lukas Doerr, head of portfolio management at Germany’s SOKA-BAU, explains the fund’s private equity approac
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Asset Class ReportsCase study: How Australia’s largest super fund diversifies through concentrated portfolios
Mark Hargraves, head of international equities and private equity at AustralianSuper, compares managing concentrated equity portfolios to piloting speed boats
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Special ReportInvestor class actions gain ground as ESG enters the frame
A more rigorous climate around environmental, social and governance disclosures and claims is leading to greater awareness of potential greenwashing
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Special ReportNet-zero goals in a post-COP30 world
The goals of the Paris Agreement are looking increasingly unachievable, leaving asset owners with a dilemma, writes Sophie Robinson-Tillett
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Country ReportSweden and Denmark: a tale of two equity markets
Sweden’s equity market is powering ahead while Denmark’s languishes thanks to its high pharma and green energy exposure. The two countries’ pension funds also differ in their approach to local markets
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Special ReportIMF sounds alarm on ‘shadow banks’
The growing connection between non-bank financial intermediaries and the global banking network is causing concern
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Asset Class ReportsCase study: Pension Danmark focuses on AI, robotics and defence as it weighs up the value of active management
Erik Bennike, head of equities at PensionDanmark, explains the fund’s carefully chosen combination of active and passive management styles
