Latest from IPE Magazine – Page 152
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Special Report
Strategy Selection: Is it worth the risk?
Investors in multi-asset strategies must make sure they understand all the risks involved
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Country Report
Risk Management: Is everything still good?
Swiss pension funds have coped well with the financial crisis, but appearances can be deceptive
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Special ReportBuilding investor resilience in a downturn
Investors need to look at varied downturn scenarios that take new risks into consideration
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Special Report
UK In-house Management: Is it better in-house?
In-house asset management can deliver cost savings, control and overall value benefits but for complex or short-term strategies external management may offer better value for money
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Country Report
Illiquid Investments: Challenges ahead
Illiquid investments should appeal to pension funds because of their long-term benefits, but are opportunities equal?
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Special Report
ATP: In-house benefits
ATP values being at the investing coal face as a learning experience
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Country Report
Mortality: How a year makes a difference
Swiss longevity assumptions have substantial effects on key technical figures in Pensionskassen
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Special Report
AP2: Demanding but worthwhile
AP2’s in-sourcing journey has reduced costs and boosted its flexibility and transparency
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FeaturesDutch reform: ‘Complexity and stubbornness killing world’s best pensions system’
Despite ranking as the world’s best in the Melbourne Mercer Global Pension index, the Netherlands’ pensions system is being hit by too much complexity and ineffective regulation
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Opinion Pieces
Long Term Matters: What should investors do about authoritarian governments?
In October, I wrote that investors would soon have to choose between backing social justice or going along with authoritarian- ism. I was not expecting that the choice would come so quickly
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Interviews
On the Record: The question of hedging
We asked two European pension funds how they hedge against interest rate risk, as the probability that interest rates will rise over the few next years grows
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Features
Collective DC in the Netherlands
How Dutch collective defined contribution schemes came about and how they differ from other schemes
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Features
ESG: Scheme to develop green mortgages
Lenders see an apparent correlation between energy efficiency and lower defaults
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Interviews
Strategically speaking: BlackRock Credit
BlackRock is adding to its global private debt capabilities
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Features
Fixed income, rates, currencies: Challenges still lie ahead
While the US mid-term elections saw the Democrats regain the House of Representatives, trade policy remains in the hands of the White House. Trade tensions, between the US and China in particular, will remain to the fore. President Trump’s aggressive trade policy is already having a global impact with declining purchasing manager indices indicating corporate hesitation in future plans.
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FeaturesIPE Expectations Indicator: December 2018
At times we aim to find the mountains within the molehills of manager expectation shifts. In our defence, any curvature is worthy of recognition. Sometimes, changes (or lack thereof) come along that are worth diving into. In the prior survey, it was the four-month lack of change within the high sentiment toward US equity markets to rise that was significant. During the current period, hyperbole aside, change has come.
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InterviewsHow we run our money: Första AP-fonden (AP1)
Mikael Angberg, CIO of Första AP-fonden (AP1), one of Sweden’s buffer funds, outlines the fund’s investment philosophy to Carlo Svaluto Moreolo
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Features
Ahead of the curve: Sporting a safety jacket in a market of weak protections
Funds that take on loans that have been rejected by banks are likely to be problematic for investors
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Opinion PiecesGuest viewpoint: Simon Lewis, AFME
Europe’s capital markets are facing some of their toughest challenges since the global financial crisis
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Opinion Pieces
Letter from the US: REITS a good long-term bet, says study
Investors have lost some of their enthusiasm for US REITs – real-estate investment trusts – after their poor performance in the third quarter. From July to September, the FTSE Nareit All Equity REITs index gained 0.5%, compared with a 7.6% return for S&P 500 over the same period. The return of the REITs index has trailed behind S&P 500 by more than seven percentage points for the first three quarters of the year.
