Latest from IPE Magazine – Page 246
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Features
Nordic investors change approach
Market volatility and the pursuit of yield have been a concern for pension funds since the 2008 market crash. But while the end of 2014 saw solid equity returns and fixed income holdings artificially inflated by lower yields, the first six months of 2015 saw markets hit by uncertainty
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Opinion Pieces
Long-Term Matters: Call to voting advisers
For Sir Mark Moody-Stuart, former chairman of Shell and Anglo American, the hopeful thing about climate change today is that big investors are getting engaged.
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Features
Pensions Accounting: A five-year plan
It’s that time again. The International Accounting Standards Board (IASB) has just launched a public consultation on its work plan for the next three years
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Features
Interview: Rolling back the barriers
Liam Kennedy discusses the role of research in institutional investment with Noël Amenc, who stepped down as director of the EDHEC-Risk Institute earlier this year
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Interviews
On the Record: Are you restructuring your fixed income allocation?
Three pension funds - ÄVWL, PP Pension and Sparinstitutens Pensionkassa - talk about their fixed income portflolios
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Features
DC evolution, Netherlands style
A new pension law next year is expected to speed up the move from defined benefit to defined contribution pension schemes that has been taking place in the Netherlands in recent years
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FeaturesHow we run our money: Geroa Pentsioak
Ramón Nieto, CIO of Geroa Pentsioak, explains his fund’s success in achieving high returns
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Features
US Illiquid Credit: Bankers by default
Structural changes in banking, regulation and low interest rates are transforming the illiquid loans market
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Features
Fighting a losing battle?
The Swedish government has been considering the future of its AP Fund system since 2011 but, until recently, with little discernible progress
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Interviews
Strategically speaking: Amundi
Perhaps one of the greatest lessons of the 2007-08 period for institutional investors was about liquidity. Equity markets dropped precipitously and credit spreads widened, while liquidity in safe-haven assets dried up and other instruments became impossible to trade
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Features
Asset Management: Expectations coming down to earth
In this final article on a new study, Nicholas Lyster and Amin Rajan argue that the tail winds from quantitative easing (QE) will be easing noticeably
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FeaturesESG: Real green opportunities
How sustainable are real assets? Can property, accounting for one-fifth of carbon emissions, be green? And how future-proof are infrastructure assets? Jonathan Williams seeks answers
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Opinion Pieces
Guest Viewpoint: Philip Neyt - Belgian Association of Pension Institutions
Notwithstanding further reforms, most EU member states have improved the efficiency and financial affordability of their first-pillar pension systems
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Special Report
In search of the sweet spot
Low interest rates have been painful for unhedged DB pension funds. In the UK, where the first policy rate rises are expected next year, long-term yields could flatten further and magnify liabilities. Decisions about hedging ratios remain paramount, as Charlotte Moore finds
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Features
Prudence penalty
As we mark seven years since the bankruptcy of Lehman Brothers this month, the blunt instrument of regulation still hangs over pension funds with respect to European derivatives trading
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Country Report
Pensions in the UK: A 10-year scorecard
The advent of The Pensions Regulator and the Pension Protection Fund in 2005 changed the UK occupational pensions sector for good. But have they changed it for the better?
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Country Report
Pensions in The Netherlands: A continuing soap opera
Now that attempts to radically overhaul the Dutch pension system have floundered owing to legal problems, union opposition and politics, efforts to future-proof the second pension pillar have favoured evolution over revolution
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Special Report
Securities Services: Tougher times for providers
Securities services providers are having to raise their game in response to demands of clients who face both increasing regulatory pressures and a low-yield environment
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Features
Smart beta bonds: Not so fast
Carlo Svaluto Moreolo looks at the reasons behind the dearth of smart beta fixed-income products
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Features
Asset Allocation: The big picture
The plunge in China’s stock market in July was dramatic. There is still debate about how worried global investors ought to be
