Latest from IPE Magazine – Page 673
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Features
Banking on the assets
Leif Hasager is an academic who has found his part time involvement with running the investments of one of Denmark’s oldest pension funds has become a full time occupation. “Now I handle everything in connection with the investment portfolio of Bank Pension, but any decision is taken by the fund’s ...
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Features
Modified cash balance
B y mid-March 2003 a huge battle can burst out in the American workplace, involving up to 42m employees, who are still enrolled in traditional defined benefit (DB) pension plans. At stake is the conversion of these plans into the so-called ‘cash balance’ retirement schemes, which was halted in September ...
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Features
The Neyt legacy
The only guide to managing our pension fund assets are our liabilities – these are the raison d’être of pension funds. Never think asset only. You must not manage a pension fund like an investment fund. Your asset allocation is based on your liability characteristics. So if they are index-linked ...
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Features
Hedge fund seeding
Growth in the hedge fund world is unprecedented and the future remains promising. After a decade of growth averaging 20% a year, analysts now predict that the annual growth rate for the next 10 years could exceed 25%. According to a recent study by Oliver, Wyman & Co and UBS ...
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Features
Silence on role of custody
Custody services provider, Northern Trust, says the government’s recent pension reform proposals did not address a key aspect of the Myners report on the independence of custodianship. “We’re almost back to before Myners raised the question,” says Steven Hayward, head of UK pensions relationship management at Northern Trust. He says ...
