Latest from IPE Magazine – Page 251
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Special Report
GDP-linked sovereign bonds: Would investors buy them?
Some emerging markets have experimented with GDP-linked sovereign borrowing, and the Greek finance minister is the latest to discuss the idea. We ask whether investors would buy it
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Special Report
Convertible bonds: key lessons from 150 years of issuance
Beat Thoma outlines some of the key lessons from 150 years of convertible bond issuance
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Special ReportSmart beta: equities and beyond
As soon as one starts edging out of traditional asset classes, identifying market beta – let alone the ‘smart’ version –becomes more and more difficult
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Asset Class Reports
Cheap oil and weak euro: Impact on European equities
Joseph Mariathasan considers the likely effects of dramatically cheaper oil and a weak euro on European earnings and equity market prices
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Features
Asset Allocation: Fixed income, Rates, Currencies - The big picture
Getting the big picture right always helps and sometimes it makes subsequent investment decision-making blindingly obvious. But so often there seem to be diametrically opposed eventualities, with ambiguity everywhere. The dramatic fall in the oil price, for example, is creating plenty of puzzlement.
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Features
Equity buy-write strategies: A bridge into the equity world for the yield-starved
David Turner explores the potential of ‘buy-writing’ as equity-income enhancer and bonds proxy
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Features
Asset allocation: Where next?
Against the current economic backdrop, trustees and investment committees are unsure which sources of return they should allocate capital to, Liam Kennedy writes
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Features
PFPP survey: Delivery against objectives
In the first in a series of articles analysing the most recent reporting output of the Pension Fund Perceptions Programme, we assess how pension funds perceive their managers
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Features
Regulation roundup: Europe’s changing pensions
Overview of main regulatory and legislative developments affecting workplace pensions across Europe
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Country Report
Dutch pensions policy: In the balance
The national debate on the future of the Dutch pensions system is now over – Carlo Svaluto Moreolo sifts opinions as the broad outline of a new system slowly takes shape
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Special Report
Consultants and pension funds: When disagreements arise
Legal disputes between pension funds and their advisers are surprisingly rare – but, as Sally Ling discovers, this does not mean disagreements never arise
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Special ReportSmart beta performance: Proving their worth
Real-market performance of three of the leading equity smart beta strategies shows these approaches have something worthwhile to offer
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Asset Class Reports
European equities: The stock-pickers return
How can European equity portfolio managers find genuinely idiosyncratic stock risk amid the current top-down noise?
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Features
The ‘Japanisation’ of the economy
Martial Godet and Ankit Gheedia warn that their indicators show the rest of the world sliding into ‘Japanisation’ – just as Japan is escaping it
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Special Report
Consultants: Talking heads
IPE asks pension consultants and fiduciary managers for their thoughts on regulation of investment advice for institutions
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Features
Private equity fund performance: Cash today or growth tomorrow?
Pierre Garnier assesses if and when an investor should seek to sell a private equity fund interest
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Features
OECD research: A focus on long-term opportunities
The OECD’s recent survey of large pension funds shows that despite increased interest in alternative investments, there has been less traction in areas like direct infrastructure.
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Features
UK annuity liberalisation: Challenge or opportunity?
Tiziana Perrella assesses the impact of annuity liberalisation on UK DB pension funds
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Country Report
Hedging bets: Dutch pension funds re-think hedge fund allocation
PFZW’s liquidation of its hedge fund portfolio has been seen as a sign Dutch pension funds are cutting ties with the industry. But it’s more complex than that, according to Carlo Svaluto Moreolo.
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Features
Frontier Markets: Surprisingly mature
While frontier markets are now the same size as emerging markets in 1995, in other respects they look like emerging markets circa 2005. Asha Mehta warns investors not to miss out on further turbo-charged convergence
