Latest from IPE Magazine – Page 326
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Country Report
Central & Eastern Europe: Incentives to listen
State involvement and issues with majority shareholders are the top corporate governance concerns in the CEE region. But the need to tap markets means companies have a greater incentive to listen to their investors, writes Nina Röhrbein
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Country Report
Central & Eastern Europe: Confusion reigns
Gail Moss reports on Lithuanian regulatory and legislative turmoil. Far-reaching reform is still needed to strenghten the pension system
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Features
Australia: gateway to Asia?
It is right on Asia’s doorstep, but James Dunn finds that outside the big resource names there is surprisingly little Asia exposure in Australia’s stock market
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Features
Don’t be surprised by inflation
Nicholas Johnson, Berdibek Ahmedov and Ronit Walny argue that now is the time to build a real asset bucket in diversified portfolios
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Features
The inflation trade-off
Hedging against unexpected inflation can be costly. But Karsten Jeske and Anjun Zhou argue that active management can shift the efficient frontier in investors’ favour While inflation and inflation volatility were relatively subdued until the late 1990s, inflation volatility has picked up again in the 2000s. Evidence shows us that more uncertainty about inflation lies ahead.
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Special Report
Assessing the Arctic
Nina Röhrbein questions the oil industry’s claims to have cleaned up its act enough after Deepwater Horizon to be trusted in the pristine waters of the Arctic.
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Asset Class Reports
Emerging & frontier equities – Tactical and strategic
As slowing growth depresses emerging market valuations, Joseph Mariathasan argues that this might be the time to adjust strategically for the new, long-term growth and risk paradigms
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Asset Class Reports
Emerging & frontier equities – The great melt-up
Capital flows into emerging markets suggest that valuations could be about to end their two-year slumber, argues Michael J Howell
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Asset Class Reports
Emerging & frontier equities – A turn in the cycle
There is a tussle between ‘quality’ and cyclicality among the top strategies in emerging market equities. Martin Steward looks at how three portfolios are shaping up for a possible turn in risk appetite
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Asset Class Reports
Emerging & frontier equities – The private market complement
Mark Mobius outlines why private equity is different in emerging markets from in developed – but also different from your existing public emerging markets exposure
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Interviews
Enjoying a Renaissance
Renaissance Asset Managers (RAM) has had a great run since it was founded as part of Renaissance Group, the Moscow-based financial services firm, in 2003.
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Interviews
Focus and flexibility
One can tell from the name ‘Alternative Investment Group’ that this is a more venerable fund of hedge funds, pre-dating the post-dot-com stampede: it’s not exactly ‘Google-search optimised’.
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Features
Diary of an Investor: A tale of two funding ratios
Just before Christmas I met my friend Ronald, who is CEO of the pension fund for forklift truck drivers. We meet for a beer one evening after work in our regular haunt in Utrecht. As usual, Ronald is not a happy man, and as usual, it comes down to numbers.
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Features
Focus Group: Communicating risk to trustees
Over 90% of participants in this month’s Off The Record survey said their fund had an investment committee, while 38% also had a risk committee. Around 28% additionally had other committee structures, such as for pensions, audit, and administration.
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Special Report
Asia’s grand illusions
While the chance of outright conflict is at a long-time low, according to James Barnes, that doesn’t stop nationalistpopulism having deleterious economic effects
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Special Report
Not a straight path
Joseph Mariathasan warns that, while there is much to be optimistic about in China, uncertainties abound – and its own markets may not be the best way to get exposure to its growth
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Special Report
Moving ahead – despite the government
Investors were heartened by 2012’s burst of reform in India, but Joseph Mariathasan writes that this is an unexpected bonus in a market where the dynamism comes from the private sector
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Special Report
Rough diamond or polished gem?
Indonesia has been a stellar performer among Asian markets over recent years, writes Bee-Lin Ang. But it has a history of volatility, and it could be about to deliver another dose
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Special Report
The ultimate frontier
Untapped riches tempt first movers to the newly-opening markets of Burma, reports Bee-Lin Ang, but the risks remain considerable
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Special Report
Absolute Asia
Asia hedge funds still run less money than before 2008, but they increasingly do so locally and in a broader range of strategies. Shirin Ismail and Tricia Sum survey how the industry is evolving to meet the needs of Asian and global institutional investors
