Latest from IPE Magazine – Page 2
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FeaturesInvestors are paying for hedge funds reluctance to use hurdle rates
Although two years have now passed since the US Federal Reserve started rapidly hiking interest rates, the likelihood that your hedge fund manager will have a ‘hurdle rate’ – a minimum rate of return before performance fees kick in – has not changed. Only a quarter of hedge funds, by our count, have such a threshold in place and the practice does not yet show signs of becoming more widespread, even though the risk-free rate has now exceeded 4% for well over a year.
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InterviewsMercer’s Rich Nuzum: soft skills are the hardest in investment governance
Mercer’s recent acquisition of Vanguard’s outsourced chief investment officer (CIO) business and its sale of two administration units points to changes in asset management as firms continue to focus on core activities.
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InterviewsMeasuring the impact of non financial factors on GDP growth
In their paper entitled Modeling the Links Between Economic Growth, Socio-economic Dynamics and Environmental Dimensions: a Panel VAR Approach, the authors attempt to quantify direct and indirect causalities between economic growth and extra-financial dimensions, including demographics, biodiversity, climate change, political stability, inequalities and economic growth.
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FeaturesReluctance to drop interest rates disappoints the markets
US rates markets entered the year enthusiastically pricing in over 160 basis points of cuts through 2024, and have since had to push back hard on both the timing and magnitude of interest rate cuts now expected by year-end.
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FeaturesIPE Quest Expectations Indicator - April 2024
The shadow of the US presidential elections is longer than normal because Trump is under several legal clouds. He could still get barred from participating but that seems unlikely. He does have a liquidity problem, a self-destructive streak, a mercurial character and no credible alternative waiting in the wings, though.
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Opinion PiecesATP at 60: no plans to retire the guaranteed pensions model
Now approaching retirement age itself, Danish statutory pension fund ATP is using its 60th birthday as an opportunity to reinforce the validity of its guarantee-based investment model.
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Special ReportNatural capital special report: Getting to grips with the TNFD
More than 100 financial institutions have formally committed to adopting the recommendations of the Taskforce on Nature-related Financial Disclosures. Here’s how some of them are getting on so far
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Country ReportGermany Country Report 2024: Unions take a more active role in pensions
Unions have a new role in determining the shape of occupational pensions but are mindful of their duty to protect workers
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Asset Class ReportsPrivate lending shows signs of recovery
Private credit is showing signs of recovery, but investors are focusing on defensive sectors
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Asset Class ReportsLegal systems key in emerging market private credit
In the legally complex world of emerging markets, private credit investors naturally favour those with cleaner legal systems
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Country Report
German employers use pensions to tackle skills shortage
German companies are reworking HR policies in a changing labour market as they hunt for skilled workers and seek to retain experienced employees
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Special ReportAGM season preview: nature at the ballot box
Despite the backlash against ESG, biodiversity risks will be on the agenda during the next round of shareholder meetings
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Country ReportGermany turns its back on sustainability
A recent rightwards pivot has softened Germany’s ambition on ESG both at home and in Brussels
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Special ReportInvestors engage with corporates on nature issues
Shareholders are ramping up their stewardship efforts on key topics like deforestation and biodiversity
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Country ReportCommentary: Pension funding options for German employers
Pension schemes have a choice of ways in which they can exercise their funding obligations
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Special ReportBiodiversity: bridging policy and finance
Governments and pension funds can leverage new capital markets instruments to meet the twin challenges of biodiversity loss and climate change
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Country Report
Germany’s pension buyout market shows signs of life
Companies are increasingly looking to offload their pension liabilities
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Special ReportNew regulations tackle water insecurity
The new European Sustainability Reporting Standards’ E3 tackles the complex and diverse realm of water insecurity
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Country ReportGerman pension reforms remain controversial
The governing coalition is running out of time to overhaul the three-pillar retirement system
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Opinion PiecesTeamwork in rugby and Italian pensions
A peculiar parallel can be drawn between the Italian second-pillar pension industry and the country’s national rugby union team and its supporters, which every year since 2000 gets excited about the Six Nations Championship.
