Latest from IPE Magazine – Page 383
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Special Report
The Engaged Investor: The paradoxes of stewardship
Discussions of stewardship often assume that engaged investing can be integrated with current investment practices. Paul Frentrop says that we need to think again
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Special Report
The Engaged Investor: Asset managers under scrutiny
Louise Rouse of campaigning charity FairPensions takes a look at the public disclosurepractices on voting and engagement undertaken by UK asset managers
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Asset Class Reports
Small & Mid-Caps: Global opportunities emerge
Surprisingly modest historical volatility and excellent diversification benefits: Rob Feldman, Chris Steward and Yogesh Borkar explore the under-analysed world of emerging market small-caps
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Opinion Pieces
Language barriers
Pensions terminology is a confusing mishmash and needs to be simplified. It is causing problems not just for legislators but for all those who are pushing towards comparability in the finance and pensions industries.
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Opinion Pieces
Hard target
Are target-date funds (TDFs) serving the needs of their participants? To answer this question, JP Morgan Asset Management carried out research comparing participants’ behaviour with the common industry assumptions that inform TDF design. The conclusion is that the latter should be more conservative than experts might think.
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Opinion Pieces
Richard Jackson, Center for Strategic and International Studies
“Make large reductions in the generosity of state retirement provision to stave off fiscal Armageddon”
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Features
Going global
Nina Röhrbein spoke with Marinos Gialeli, general manager of the Cyprus Hotel Employees Provident Fund, about its approach to managing its clients’ assets in a period of global economic downturn
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Features
Reality check
Anton van Nunen argues that instead of focusing on an undeliverable level of security, the Dutch regulator should recognise that 100% certainty is not attainable for pensions
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Features
Right, relevant and concise
How can pension funds get their message across to members and pensioners in this fast-moving digital age? Gail Moss gives an overview
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Features
Still at the station
Investors cursing themselves for missing the private equity secondaries train in 2009 can still get onboard, finds Martin Steward
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Asset Class Reports
Small & Mid-Caps: Small is beautiful
epoThe global small-caps universe is one of great diversity and opportunity. Joseph Mariathasan and Martin Steward speak to some top managers about their portfolios
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Special Report
Implementing ESG – the sustainable bank’s way
Some 75% of the core portfolios of KfW, Germany’s development bank, is managed sustainably, as Nina Röhrbein finds
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Interviews
Consolidating and concentrating
There has been a lot of change at Finasta Asset Management over the last two years. In 2009 parent company Finasta Group was sold by Lithuanian heavyweight Invalda to Bank Snoras, which had its own asset management outfit. This division was merged with Finasta Asset Management at the beginning of 2010, creating a rather odd-looking entity that was ripe for ‘synergies’.
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Interviews
Positioned for the new era in pensions
There are some clear long-term trends in pension asset management in Europe. Collective is giving way to individual provision. Defined benefit (DB) schemes are closing, crystalising liabilities and deficits, and implementing LDI programmes. This, together with accounting and capital adequacy standards and the decumulation phase of an ageing demographic, is pushing funds into fixed income. Where growth assets are still required, investors look beyond domestic markets because growth is expected to come from emerging economies.
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Features
Rare all-in business
The Danish pension and asset management industries are big enough to offer global custodians some glittering prizes. The mighty ATP, with assets in excess DKK610bn (€82bn) and effectively part of the state pension system, selected BNY Mellon as its global custodian in 2006.
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Features
Diary of an Investor: A random walk
Today we are holding a finals presentation for managers our consultant think good, proper and worthy of managing a portion of Wasserdicht Pensioenfonds’ assets. Would these managers have been on the same short list had we employed another consultant? Or the same list if we had looked at Morningstar? Every manager wants to be our friend and to see us. Perhaps next time we do this ourselves.
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Features
Get the message across
Respondents to this month’s Off The Record survey were evenly split on the most important form of communication with their members or participants. Some 30% believed postal correspondence to be most important, while the same number favoured their fund’s website. When asked this question a year ago, a majority of 38% stated that postal correspondence was most important, compared with 26.5% for website communication.
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Features
Resolving NEST’s relative unknowns
Until the recent annoucement by the UK government, there were a number of outstanding issues surrounding the National Employment Savings Trust. Jonathan Williams asks whether these have all been resolved
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Special Report
Hungary: Death by 1000 cuts
Thomas Escritt charts the Hungarian government’s highly controversial plans to nationalise the country’s supplementary pension funds
