Latest from IPE Magazine – Page 743
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Features
Putting the case beyond doubt
The global asset allocation, which has been advocated by academic scholars and investment practitioners for the last two decades, produces a puzzling effect on the portfolios of pension plans. The puzzle stems from the fact that international assets offer ex-post diversification benefits to institutional portfolios while introducing an additional source ...
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Features
Solutions for smaller funds
Pooled funds have been an attractive proposition for wealthy individuals and smaller institutional investors for many years, due to their lower management fees and custodial costs when compared with separately managed accounts. Pooled funds are also available in a huge variety of investment strategies, including international investments. However, pooled fund ...
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Features
AIMMI - forming a professional body
It’s only two short years ago that a stir was caused by a UK pension scheme holding an all multi-manager beauty parade. Here, for the first time in the UK, was a trustee body who had made the decision to use a manager of managers, and then set about finding ...
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Features
How many managers?
Two arguments commonly used to promote multi management structures are one, that they give small schemes access to specialist managers and two, that by employing more managers, they are a good means of diversifying risk. These arguments rest on two assumptions though – firstly that specialists are special and secondly ...
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Features
Unconvinced speak out
Talk to any investment professional about multi-manager and most have forthright opinions. However, such is the reach of the multi-manager approach- linking consultants, investment managers and pension funds- that few are willing to go on the record. In the UK, in particular, consultants still rule and are rightly considered the ...
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Features
Luxembourg’s international déjà vu
In becoming the world’s second largest investment fund centre, Luxembourg proved itself not only a canny operator but also one step ahead of its European counterparts. With the creation of the so-called ASSEP (Association d’Epargne Pension) and SEPCAV (Société d’Epargne Pension), there’s a distinct feeling history is repeating itself. In ...
