Latest from IPE Magazine – Page 359
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Features
Too much of a good thing?
A well structured fund can enjoy a return premium of up to 1%. What governance structures should smaller pension funds aspire to? Gail Moss reports
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Features
Alight for full funding
Markus Hübscher, CEO of the Swiss Federal Railways pension fund, told Nina Röhrbein about his fund’s restructuring and new internal governance structure
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Features
Cash in the attic
Squeezing a return out of cash can expose funds to unexpected risk. But Charlotte Moore suggests that using it for strategic optionality removes the need to take risk in the search for yield
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Special Report
Turning Japanese?
Technical signals from the bond markets and fundamental economic parallels have spooked some commentators about the ‘Japanisation’ of the world. Anthony Harrington asks if we should be bracing ourselves for the inevitable ‘lost decades’
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Special Report
And what about Japan itself?
Clearly the view a fund manager takes of Japan’s short to medium term macro prospects has a strong determining influence on their view of Japanese equities. Simon Edelsten, senior fund manager of the Artemis Global Select Fund, likes the fact that neither Japan – nor the rest of Asia – has adopted the EU’s penchant for austerity, or seen their banks have to de-lever to the same extent.
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Special Report
Too early to tell
It’s clear to everyone that globalisation is re-shaping the world economy. But Maha Khan Phillips asks questions of the consensus around which sectors will benefit
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Special Report
The shipping news
The shipping business would seem to be directly linked to the health of the world economy. Why would you want to invest as the world slows down? Lynn Strongin Dodds finds that it is not that simple
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Special Report
Rich diversity
The bewildering variety of multi-asset funds can make them difficult to compare. But Martin Steward thinks that 2011 has revealed some useful patterns
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Asset Class Reports
Hedge Funds: Carving a new niche
Hedge funds are booming – but funds of funds are not. Joseph Mariathasan outlines the ways in which the intermediaries are re-thinking their role
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Asset Class Reports
Hedge Funds: Dose of fee realism
Hedge fund fees do seem to be coming down in aggregate, but Emma Cusworth finds that if you want good performance you might simply have to suck up those charges
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Special Report
SRI education must continue
A Eurosif study shows a lack of knowledge among European corporate pension funds is hampering greater adoption of ESG factors in their investment strategies, writes François Passant
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Special Report
Forests into fixed income
Despite being relatively new to the fixed income market, green bonds offer responsible investors a good opportunity to invest sustainably. Nina Röhrbein reports
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Interviews
Strategic agility
Nordic private equity house CapMan does not make things easy on itself. Its mission statement: “To be the best-performing European private equity firm”.
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Interviews
New entrant to European fiduciary management
Here in Europe, the joke says that British Airways is a pension scheme that owns a few planes. The US equivalent claims that General Motors is a social security fund with a sideline in building Buicks.
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Features
Diary of an Investor: Investment detour
This autumn, we at Wasserdicht Pension Funds in the Netherlands are touring some of our factories around the country to talk to members and pensioners about the pension fund.
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Opinion Pieces
IORP under pressure
The European Insurance and Occupational Pensions Authority’s (EIOPA) call for advice on the subject of revisions to the EU’s 2003 IORP Directive on work-place-based pensions closes on 2 January 2012. It seeks advice on the extent to which the legislative framework should be similar to that for other financial institutions and products.
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Opinion Pieces
Investing for impact
“When traditional investors look at impact investing they sometimes think they have to sacrifice returns. Fortunately, there are many examples of impact investing that lead to both competitive returns and positive social impact. In fact, it can be a very competitive field of investing activities versus mainstream assets,” says Scott Budde, head of the global social and community investing department at TIAA-CREF. This is why TIAA-CREF, with $440bn (€319bn) assets, has been involved in impact investing since 2006, and socially responsible investing since the 1980s.
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Features
Pension anger
Even if they can’t easily articulate what single thing could be done to make them go home, the Wall Street protestors and their European counterparts have more than a little in common with the Dutch youth political activists who last month joined forces in a ‘pensions rebellion’ against the Netherlands’ ...
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Features
The ethical oligarchs
Kicking off the National Ethical Investment Week in London, pollster YouGov published the results of a survey measuring the British public’s interest in green and ethical financial products.
