Latest from IPE Magazine – Page 339
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Features
Who turned out the lights?
Dark liquidity, which started as a way to hide big trades,now mostly offers liquidity in bitty, small packages. But Martin Steward finds signs that the pendulum is swinging back again
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Features
Speed is good
Richard Olsen argues that, far from slowing down, transaction volumes need to increase by a factor of thousands, and that pension funds should benefit from its uncorrelated alpha
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Features
Lost horizons
The growing gap between trading and investing is changing the face of equity markets, argues Per Lovén
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Features
World Bank rates green bonds
Nina Röhrbein looks at instruments that aim to combine solid SRI credentials with precious yield and a high standard of transparency and stability
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Special Report
Extracting the true cost of gold
Institutional investors have been integral to the boom in gold prices over the past five years, but are they fully aware of the high-impact nature of their investments? Nina Röhrbein reports
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Special Report
OTC Swaps Regulation: A new wave of bond repo?
With the arrival of EMIR, users of derivatives suddenly need to get their hands on a lot of cash. Cécile Sourbes asks if the biggest collateral-transformation market, repo, is up to the task
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Asset Class Reports
Emerging Market Debt: The real issue
Do negative real rates in inflating economies make a case for taking emerging currency exposure without the bond duration? Joseph Mariathasan finds a complex picture
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Asset Class Reports
Emerging Market Debt: Beyond Brazil
Martin Steward talks with Jorge Unda of BBVA Asset Management, who warns that Latin America’s biggest economy is heading in the wrong direction if it wants to keep up with its more successful neighbours
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Asset Class Reports
Emerging Market Debt: Sorting though the ‘stuff’
In an asset class dominated by top-down commentary, Martin Steward finds bottom-up alpha defining performance
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Interviews
Holding hedge funds to account
Bond yields sit at historic lows, growth is sparse and equities aren’t cheap. The result: a search for yield in credit assets and for alpha in liquid alternative investments.
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Features
Diary of an Investor: Dog days
It is the end of August. Holidays are a distant memory, the leaves are wilting on the trees and the children are going back to school. The euro crisis isn’t getting any worse and markets have even rallied. Welcome to the dog days of summer.
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Features
Focus Group: Bad to the bone
Almost three-quarters of respondents to this month’s Off The Record survey felt recent events, such as LIBOR-manipulation and mis-selling, point to major problems with the culture of banking.
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Opinion Pieces
Letter from Brussels: Ins and outs of ‘flexileg’
In the old days, an international investment bank could study a Brussels Directive or Regulation and make plans.
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Opinion Pieces
Letter from the US: MAP-21 skirts IASB
Under the seemingly innocuous Moving Ahead for Progress in the 21st Century Act (or MAP-21 for short), new accounting rules have been approved in the US that will affect their private pension funds. But will it be for better or for worse?
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IP Asia
Islamic investing - Malaysia's challenges
Islamic investing - Malaysia’s challengesBee-Lin Ang looks at the trend in Islamic financing and money management in Malaysia
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IP Asia
Grey area: All's well with Malaysia and Singapore?
Bee-Lin Ang looks at the pension systems in Malaysia and Singapore, where demographic trends and the demands of decumulation are dictating the urgency of reform.
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Opinion Pieces
Long-term Matters: Starting in their back yards
Foundations often exist to do public good. Their mission should be both to invest and provide grants. Protecting capital should be a priority; foundations do not need to be liability driven, have no reason to herd, and could use their long-term nature as a source of competitive advantage.
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Special Report
Commodities: All hail the shale
The US natural gas revolution is not just an arcane energy issue. Martin Steward considers its potential to reverberate throughout the entire economy – and your portfolio
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Special Report
Commodities: An American story
The shale revolution has taken the price of natural gas, a relatively clean fossil fuel, from $13/mbtu to $2/mbtu. How can it fail to challenge renewable energy? Nina Röhrbein reports
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Special Report
Commodities: Capturing risk premium
The risk of inflation hangs ominously over the heads of investors, so an active approach to commodity investing could be the way to maximise risk-adjusted returns, says Brent Bell
