Latest from IPE Magazine – Page 313
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Features
Danish fund reverses stance on foreign equity
Foreign listed equities are again being targeted by Denmark’s DKK600bn (€80.5bn) statutory pension fund ATP, having sold off all such holdings two years ago. Since then, the listed equities portfolio has consisted of only domestic shares. ATP’s CIO Henrik Gade Jepsen says that, in the long term, the fund will focus on building up its foreign equity exposure.
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Features
Leave asset mix to pension funds
Despite Kees van Dijkhuizen’s conclusion that there is support for increased involvement from Dutch institutional investors for financing residential mortgages through state-guaranteed bonds, the IMF seems to have vindicated pension funds’ initial reluctance.
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Features
The vain search for harmony
The European Insurance and Occupational Pensions Authority (EIOPA) dropped something of a bombshell in early April with its preliminary results for the first quantitative impact study (QIS) on the revised IORP Directive.
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Features
The bankers’ new clothes … yet to be made
Bankers have, in recent years, become the butt of many jokes and the scapegoats for all that went wrong in the financial crisis.
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Opinion Pieces
Dimon’s status quo risks
No one says star gazing is easy but let’s be brave. JP Morgan Chase (JPM) is a preventable surprise in the making.
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Features
Accounting: Hoogervorst decrees
Unless you are an actuary, trustee or policy wonk, it is unlikely that the IASB’s conceptual framework project – the basis for International Financial Reporting Standards (IFRS) – is high on your agenda.
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Features
Transition management for China
European politicians like to meet with Jin Liqun, chairman of the board of supervisors of China Investment Corporation. As a man with more than $400bn (€309.2bn) in assets for investment outside China, they have been actively courting his fund’s capital.
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Interviews
On the Record: What is your credit strategy?
CWPS (Ireland), VER (Finland), Vopak (Netherlands)
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Features
Keeping hold of deferred members
Pension funds need a robust strategy to keep track of deferred members and to communicate with them in the right way. Gail Moss reports
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Features
Satellites in orbit
Christoph Ryter, CEO of the Swiss retail group Migros’ Pensionkasse, explains his fund’s diversification strategy to Nina Röhrbein
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Country Report
Turkey: Pensions growth ahead
Reform to channel severance payments to the workplace supplementary pensions would mean exponential growth for the Turkish pension sector, writes Reeta Paakkinen
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Country Report
Turkey: Growth assets for the future
Pension providers are capitalising on recent liberalisation to launch gold and corporate bond funds, says Reeta Paakkinen
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Country Report
Turkey: Diversification prizes
Private pension asset growth will lead to opportunities for global custodians, according to Iain Morse
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Features
Confusion reigns supreme
The Cypriot bailout may have only been a drop in the ocean compared with the Greek rescue package. But, as Jonathan Williams finds, lack of detail is a major headache for the local provident funds even three months later
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Features
Fallout from Ruslan and Cyprisia
Iain Morse assesses the consequences of the Cyprus bailout for the banking and wider financial services industries
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Features
The coup de grace
Roxane McMeeken met with John Kyriakopoulos, the man whose huge bet on Greek bonds paid off dramatically for the country’s largest pension institution
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Special Report
The Euro-Zone: From imminent catastrophe to exuberant recession
One of our six European chief economists’ views, from BNP Paribas Investment Partners’ William De Vijlder, sums up a theme of this month’s special report: “Depending how one looks at it, a lot or very little has changed in the last nine months.”
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Special Report
The Euro-Zone: ‘Whatever it takes’?
It is almost a year since Mario Draghi’s calming words for the euro-zone, but Daniel Ben-Ami reminds us that they only buy time for much more difficult fundamental reforms
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Special Report
The Euro-Zone: A dangerous mis-diagnosis
Michael Howell argues that austerity is the wrong solution for the euro-zone, and that bad debts need to be socialised or aggressively written-down to free-up seized credit markets
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Features
Caution in the face of opportunity
Despite the growing clamour for funding, pension funds remain cautious about investing in infrastructure. Michael Wilkins analyses some of the barriers holding back potential investors
