Latest from IPE Magazine – Page 283
-
Country Report
Germany: Few heads above the parapet
While UK funds were involved in the shareholder spring, North American investors write open letters to company boards and Dutch and Norwegian pension investors blacklist firms. Germany’s occupational sector is less keen to be seen challenging businesses, finds Jonathan Williams
-
Country Report
Germany: The wise man of corporate governance
Germany is awakening to the need for better corporate governance. This is the view of Christian Strenger, a former chairman of the International Corporate Governance Network, who has formidable board-level experience gained over many decades in banking and asset management.
-
Country Report
Germany: Funds want it their way
German Versorgungswerke have a lot of money they need to invest long-term but they are happier without European regulation, writes Barbara Ottawa
-
Country Report
Germany: Long-term horizons and pensions
Cornelia Schmid and Verena Menne outline practical measures that would allow German occupational pension funds to invest more in long-term assets
-
Country Report
Germany: Yielding low results
German Pensionskassen are faced with an unenviable situation – restrictive investment guidelines and a target return that can no longer be met through core bond holdings. Jonathan Williams explores where the funds can go in search for yield
-
Country Report
Germany: Tests of an ageing workforce
German pension benefits need to change to reflect the greying workforce, argue Thomas Jasper and Stephan Wildner. Companies whose workforces appreciate what is on offer will be better placed to attract and retain talent
-
Country Report
Germany: KVG paper trail
The first German KVG’s were granted licences at the beginning of 2014. But the real transition has only just started, according to Barbara Ottawa
-
Country Report
Germany: Pooling – now in Germany
Wilhelm Gold outlines the possibilities of the Investment-KG for cross-border pension pooling
-
Features
Two sides to private equity
A recent NBER working paper suggested that private equity delivered absolutely no risk-and-cost-adjusted return beyond what is available in public markets. Anthony Harrington takes a closer look at this surprising finding
-
Features
Banking on emerging markets
Financial services may be a less stretched way to get exposure to the emerging consumer, writes David Turner. But will stockpicking shield investors from these markets’ credit crunches?
-
Features
Long tech, short toil
Bob Swarup likens today’s environment with the second industrial revolution and the six-year depression it unleashed, and advises investors to get on the right side of the current technological revolution
-
Interviews
Global expectations
“What makes businesses interesting is how they adapt to a global changing world,” declares John Calamos, founder, chairman, CEO and co-CIO of Calamos Investments. Having set up the firm in 1977, listed it on Nasdaq in 2004 and reached an AUM peak of $49bn (€36bn) in 2007, he is now overseeing a transformation that he intends will take it on a journey from a predominantly US focussed firm to a global fund management company.
-
Special Report
Investing for Income: Cash is king
The background to this month’s Special Report is the confluence of several tremendously powerful forces acting on both the preferences of capital and the enterprises that are the destinations for that capital.marin
-
Special Report
Investing for Income: Corporates worldwide turn on the cash taps
The years since the financial crisis have seen global company dividends and share buybacks increase markedly, for reasons both good (earnings recovery) and not so good (caution about investing for growth). Lynn Strongin Dodds surveys the new landscape
-
Special Report
Investing for Income: A cache of cash
The tech sector has amassed historic levels of cash but distributes very little of it. Joel Kranc asks whether current management can help the sector look at its model differently
-
Special Report
Investing for Income: The other vampire squids
Are yield-hungry institutions and the circling sharks of the activist world sucking corporations dry? Martin Steward asks investors how they see their responsibilities
-
Special Report
Investing for Income: Executive pay, shareholders and the economy
Skewed management incentives have encouraged companies to give lots of cash back to their shareholders, writes Andrew Smithers. But this will be damaging to the economy and to long-term investors
-
Special Report
Investing for Income: Buy, buy love?
Companies can return cash to shareholders via dividends or the more contentious share buybacks. Jennifer Bollen asks who are the real beneficiaries of a buyback programme
-
Special Report
Investing for Income: Good value, high quality
Charlotte Moore explores the factor risks inherent in various strategies designed to generate equity income
