Latest from IPE Magazine – Page 396
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Asset Class Reports
Emerging Market Debt: Local currency bonds
Emerging market debt (EMD) originated as a hard currency debt market but today it is the local currency issuance that dominates the sovereign debt marketplace, while hard currency issuance in 2007-08 was 70% corporate.
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FeaturesNatural Catastrophe Risk - Cats land on their feet
Catastrophe risk delivered positive returns in 2008 amid rising downside correlation but was not immune from credit exposure, finds Martin Steward
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Asset Class Reports
Emerging market debt: Emerging market debt goes local
Building out term structures, liquidity and diversity in emerging market debt will improve the efficiency of both emerging economies and investors portfolios, write Peter Botoucharov and Edouard Stirling
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Special Report
Securities Services: Managed accounts: an efficient way to build hedge fund portfolios?
There has been a buzz around managed accounts for some time – but the problems with liquidity mismatches and outright fraud that bubbled up in 2008, and investors like CalPERS setting out plans to use them wherever they can, seem to have made the case even more airtight.
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Special Report
Securities Services: One-frastructure
Working with ATP, Citi has developed a single data management platform that can facilitate risk management across the life cycle of the investment process, says Nick Roe
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Special Report
Securities Services: Regulatory arbitrage: herd mentality
Systemic wrisk has to be limited say industry bodies, inter-dealers, consultants, lawyers and those on the operational side of the OTC market. But they also say that, following the financial crisis, there have been changes in markets that are heading in the exact direction that the regulators would want. They ...
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Special ReportSecurities Services: Clearing for take-off
Central clearing of OTC derivatives is supposed to increase transparency and reduce systemic risk. But Richard Hemming finds that pension funds might be among those counting the costs
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Special Report
Securities Services: Liabilities into assets
As large, maturing pension schemes turn to liability-driven investing, Benjie Fraser talks to Martin Steward about the opportunities available to custodians that can draw on broader institutional capacity and expertise
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Special Report
Securities Services: Testing times ahead
With consolidation and growth expected in the European custody markets in the coming years, Luxembourg could be one of the biggest beneficiaries, says Iain Morse
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Special Report
Securities Services: A matter of choice
Andrew Baker says the Alternative Investment Fund Managers Directive could restrict choice and impose some unreasonable burdens on depositaries
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Special Report
Securities Services: Welcome to the dark side
Traders seeking maximum liquidity with minimum impact on the markets are turning to the dark arts, says Simmy Grewal
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Special Report
Securities Services: Risk and return
The credit crisis has focused the minds of lenders on getting their risk-reward parameters right, as Susan Pike explains
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Special ReportBP, investors’ blind spot
Has the need for dividends compromised the green credentials of pension funds when it comes to oil companies such as BP? Nina Röhrbein reports
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IP Asia
ESG - Indifference and the impact of mega-trends
Where is the practice of environmental, social and governance investing headed? In Asia, sadly, the concept has not really taken hold in the way it has in other parts of the world. Bee Ong reports
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IP Asia
Re-thinking Investment Decision-Making part 2
Seeking Alpha To recap, a massive fund, typically a pension fund or a SWF, faces constraints and challenges in the marketplace in terms of market capacity, availability and liquidity. In order to capitalise on its available liquidity pools to seek new investments with wealth-added potential, it might be appropriate ...
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IP Asia
Industry Debates Future, Growth Remains Strong
Australia prides itself in having a self-contained and sophisticated financial services market. Betty Kotevski talks to superannuation industry heads to assess how market will evolve from here.
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IP Asia
The super fund stripped bare
Jeremy Cooper’s recommendations to force fund managers to reveal tax consequences will expose a new competitive divide in the industry, says Peter Hill
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IP Asia
Asian private equity markets have shown their resilience
According to Bain & Co, one-fifth of the global private equity dry powder will be allocated to the Asia-Pacific region in 2010-2012. In this report, the Swiss alternative investment consultancy SCM Strategic Capital Management has analysed private equity activity, with a particular focus on China and India.
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IP Asia
Should EMD be regarded as a separate asset class?
The financial crash has marked a paradigm shift in the perceptions of the relative risks of emerging market investments, whether equity or debt. Joseph Mariathasan reports
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IP Asia
Funds Focus on Costs and Alternatives
Concerns have been raised about the impact on innovation, and potentially even the impact on the macro economy should a large portion of the market move to passive management.
