Latest from IPE Magazine – Page 329
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Asset Class Reports
Hedge Funds: Changing models
The fund of funds model is having to adapt fast to survive. Joseph Mariathasan finds that the new models also require a different approach to thinking about the hedge fund opportunity set
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Asset Class Reports
Hedge Funds: Taking the ‘fund’ out of hedge funds
Martin Steward spoke to PGGM’s Jan Soerensen about how its managed account platform allows it to take control of its hedge funds – and their costs
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Features
German re-engineering
Iain Morse reviews Germany’s custody market as it experiences externally-driven transformation
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Interviews
Boutique ambition
Natixis Asset Management (NAM) might be less well known than other firms in the Natixis Global Asset Management (NGAM) empire, such as Boston’s Loomis Sayles or Chicago’s Harris Associates. But the Paris firm is by far the largest asset manager in its parent’s multi-affiliate structure in asset terms, in part thanks to its historic ties with France’s Caisse d’Epargne and Banque Populaire network, and its strong local roots.
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Features
Diary of an Investor: A tale of two cities
Last week we visited the offices of two asset managers for finals for a European equities mandate. The experiences were instructive.
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Opinion Pieces
Letter from Brussels: Deaf ears for EC claims
Summer 2013 might be some way off but it is when the European Commission intends to publish its proposals for IORP II. And signs from the Commission are that the usual procrastination is no longer intended.
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Opinion Pieces
Letter from the US: Pension uncertainties
Social Security reform was notably absent from the 2012 US presidential campaign.
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Special Report
Outlook 2013: Euro Scenarios: The euro-zone’s no-man’s land
Germany’s bonds are safe-haven, ‘risk-off’ assets. Spain’s are ‘risk-on’ assets. But Maha Khan Phillips asks how investors should think about allocations to markets like France and Belgium
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Features
New twist in Dutch pension reform
On 24 September, the long, drawn-out process of Dutch pension reform took a new turn when state secretary for social affairs and labour Paul de Krom unveiled the so-called ‘September package’, a comprehensive set of new rules for pension funds. The package seeks to flesh out labour minister Henk Kamp’s ...
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Opinion Pieces
Joseph Mariathasan: The UK should set up a sovereign wealth fund
Britain faces the prospect of an ageing population with a consequent rise in its dependency ratio, and an economy in decline relative to the rest of the world.
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Country Report
Nordic Region: Not too much, not too little
Consensus could wreck the chances of effective reform to Sweden’s buffer funds, writes Pirkko Juntunen
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Country Report
Nordic Region: Good governance is essential
Pirkko Juntunen finds the chairman of the buffer fund inquiry, Mats Langensjö, pragmatic about his committee’s proposals
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Country Report
Nordic Region: Bouncing off the floor
A temporary reprieve from the regulator to deal with ultra low rates has largely been rebuffed by Swedish pension funds, finds Nina Röhrbein
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Country Report
Nordic Region: Continued caution
Henrik Hoffmann-Fischer outlines the key findings of the seventh Nordic Investor Survey on asset allocation as Nordic investors search for yield
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Country Report
Nordic Region: Beyond Finland
Reeta Paakkinen spoke to Finnish pension fund chiefs about their changing asset allocation in the face of low yields and the euro-zone crisis
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Special Report
Integrating ESG issues with executive pay
By linking executive pay to transparent and measurable ESG factors, companies can show they take ESG issues seriously. Nina Röhrbein reports on work being done in this area
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Special Report
Active on governance
Robert Monks tells Nina Röhrbein that institutional investors must get more active in corporate governance
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Special Report
Currency Management: Minding the pennies and cents
Pension funds are learning that currency costs need to be managed, writes Gerry O’Kane
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Features
Factoring ESG issues
Respondents to this month’s Off The Record survey highlighted various issues they felt to be their main responsibility as a fiduciary. A UK fund stated: “The fiduciary duty of a pension fund is to pay the pension promise to its members. Where ESG issues have the potential to impact the ...
