Latest from IPE Magazine – Page 253
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Special Report
Top 400: The fee music’s still playing – for now
The institutionalisation of European asset management and changing investor fundamentals could limit the future profitability of the asset management industry, says Alastair Sewell
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Special Report
Euro-zone recovery: Insurance and repression
European insurers are finding ways to adapt to the prolonged period of low interest rates and unconventional monetary policy
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Special Report
Top 400: Multi-asset – in search of opportunities
A complex and changing pensions market means responsiveness is key for asset managers, say Nigel Birch and Will Mayne
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Special Report
Euro-zone recovery: SME Lending – Affairs of credit
Everyone wants to secure funding for small businesses, which has led to initiatives across Europe designed to take up lending slack where banks have pulled back
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Special Report
Top 400: New perspective on equity strategies
Investors are waking up to the advantages of using equity strategies in portfolio construction to capture illiquidity, skill and style premia, according to Stuart Gray
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Special Report
What is risk parity?
All theory is grey, dear friend /And green the golden tree of life. The words of Mephistopheles in the first volume of Goethe’s Faust distinguish academia from the attractions and contradictions of the real world
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NewsAustria introduces stress tests, ratings rules for pension funds
New risk-management directive also covers derivatives
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Features
Sovereign wonderland
Potential investors in Europe’s sovereign bond markets may feel they have stepped into Alice in Wonderland. Many sovereign debt markets are offering return-free risks, and negative bond yields make a mockery of traditional explanations of the time value of money. What we are seeing is the end result of two powerful but opposing forces within Europe that reflect the chaotic responses to the global financial crisis.
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Special Report
Top 400: Mass market – a brave new world
Andy Masters and Richard Clarke argue that asset managers need to be more focused on the end consumer and develop a range of products suitable for multi-phased retirement
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Special Report
Risk parity: The interest rate challenge
Risk parity managers say they are ready to meet the challenge of acute interest rate uncertainty
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Features
No smoke without fire
There is a strange rhetoric surrounding the recent sell-off in European bonds, which pushed yields up for the first time in many months
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Features
From Our Perspective: Unity in opposition
They may not be wielding pitchforks but Europe’s pension fund community is of one mind: the stress test proposal of EIOPA is something they, their sponsors, their regulators and, above all, their members, do not need
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Features
First-quarter results: Equities lead the way, but pressures remain
Pension funds around Europe saw their asset levels boosted by the rise in share prices during the first quarter, but a range of factors has kept many funds under pressure on other fronts
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Features
ECB should not allow funds to suffer ‘collateral damage’
The European pensions industry must not become collateral damage as the European Central Bank (ECB) rolls out its quantitative easing (QE) programme and increases pension deficits, PensionsEurope has urged
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Features
Infrastructure: Getting by with a little help from your friends
The UK government has long promised infrastructure assets for pension funds to invest, but with international schemes often larger, we looks at how domestic ones participate
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Features
EIOPA ignores industry ire in stress test crusade
Would Europe’s pension funds be able to withstand a sudden reversal in asset prices, with the stock spreading across all developed nations?
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Opinion Pieces
Long-term Matters: Human capital dilemma
Institutional investors are being asked to take sides in corporate/union disputes, the latest being National Express and Teamsters
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Interviews
On the Record: Are you anticipating a European recovery?
Three pension funds - APK, Fondenergia and Pensioenfonds TNO - share their views about Europe’s recovery
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Features
Briefing: What the IASB insurance model could spell for pensions
With the IASB about to embark on an overhaul of pensions accounting, Stephen Bouvier looks at what it might mean to apply the board’s insurance liability model to a pension promise
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FeaturesHow we run our money: PFZW
PFZW’s decision to divest from hedge funds was just one element of a comprehensive investment overhaul. Peter Borgdorff and Jan Willem van Oostveen talk about their fund’s renewed strategy
