Latest from IPE Magazine – Page 385
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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
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Special ReportPoland: Ongoing pensions saga
Krystyna Krzyzak charts moves, countermoves and conflicting policies for reform of Poland’s supplementary pension system
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Special Report
Turkey: Crossroads of change
Turkey has undergone a tremendous growth cycle transforming it from basketcase to poster boy. Baldwin Berges comments on the reasons and the potential consequences
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IP Asia
Need for a greater understanding of investor behaviour
Behavioural finance helps us understand how investors often use their hearts and not their heads when buying and selling property. By Scott Girard and Weijia Wang
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IP Asia
You need three different portfolios
Sovereign wealth funds should use three different portfolios when constructing their investment strategies: one that seeks performance, another to hedge liabilities and a third to hedge revenues.
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IP Asia
Flexibility needed to track the best companies
For many investors, rather than limiting the investable universe, it may be more appropriate to include ESG factors into the investment process.
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IP Asia
Global Equity: Rediscovering dividends
by Joseph Mariathasan - Investors were hugely disappointed by the performance of stock markets over the past decade. Joseph Mariathasan explains why they should refocus on dividends
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IP Asia
Do 'good' Asian companies give better returns?
Do Asian companies with good governance really give better returns? Amar Gill and Jamie Allen explain how they can.
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IP Asia
The Pros and Cons of Managing Investments In-house
by Gail Moss - Can you cut costs or add value by running your own investments in-house?
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IP Asia
Due diligence takes time in Asia
by Ellen Sheng - Alternative investments in Asia may promise double digit returns. But entering any new market can be daunting without proper due diligence.
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IP Asia
Private equity opportunities in Asia
by Stuart Pallister - Private equity in Asia is taking a very different path to that in the West, says Nicholas Bloy of the Malaysia-based firm Navis Capital.
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IP Asia
EU moves bring new calls for Asian fund passport
by Andrew Wood - The EU’s proposed Alternative Investment Fund Manager directive will adversely affect the entire funds industry in Asia.
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IP Asia
Hedge fund revival is underway
by Joseph Mariathasan - Investors are becoming more sophisticated in alternatives. Some are investing directly in the larger hedge funds, while using funds of funds for niche strategies and specific portfolios.
