Latest from IPE Magazine – Page 398
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Opinion Pieces
The Commission hides its teeth
The authors of the European Commission’s policy paper, ‘Towards Adequate, Sustainable and Safe European Pension Systems’, are clearly aware that solving Europe’s pension challenge is a formidable task. Not only are there the oft-cited demographic problems and injustices to workers who move across national boundaries, but there is also the fragmented nature of member states’ legislative frameworks to consider.
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IP Asia
Solid growth for ETFs in Asia
by Richard Newell - However, a lack of mutual recognition in Asia is holding back the development of ETF funds domiciled in the region.
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Features
GPS: Pension fund managers more optimistic than last quarter
European pension funds were more optimistic about the economy in their own countries during the second quarter of 2010. Pension fund managers were also more positive about the financial situation of their own fund than in the first quarter. However, the rise in optimism about the economy in their own ...
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Features
Industry Research:IPE European Institutional Asset Management Survey 2010
The European Institutional Asset Management Survey (EIAMS) this year celebrates its tenth anniversary. Invesco commenced the survey in 2000 and three years ago asked IPE to undertake it.
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Features
Exploiting uncertainty in investment markets
In the first in a series on a new study, Barb McKenzie, Neeraj Sahai and Amin Rajan argue that subdued asset growth is set to drive out mediocrity from the asset industry
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Special Report
Fiduciary/Delegation: Your faithful friend?
Liam Kennedy assesses the European market for fiduciary management. Where the earliest fiduciary contracts outsourced almost the entire value chain of pension management, more recent agreements centre on different levels of delegation, and managers are having to learn new tricks
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Special Report
Fiduciary/Delegation: Topiary
Failed by the fund of funds industry, investors are beginning to plant, nurture and clip their hedge funds themselves, finds Martin Steward
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Special Report
Fiduciary/Delegation: Competing advice
The obvious objection to pension funds bringing hedge fund selection in-house is the strain it puts on resources in the service of such a small part of the overall risk budget. The counter-argument, put by Andre Konstantinow, head of manager selection at the Barclays UK Retirement Fund, is that hedge ...
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Special ReportFiduciary/Delegation: Still life in the FoFs model
While relationships with funds of funds are evolving, Katharina Lichtner outlines the costs and dangers of going it alone in private equity
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Asset Class ReportsCredit: New world order
Joseph Mariathasan finds corporate bond managers coping with the new realities around benchmarking, ‘risk-free’ rates and agency credit ratings
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Asset Class Reports
Credit: Graded ‘could do better’
Martin Steward talks to Standard & Poor’s about what exactly it means to rate a security AAA
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Asset Class Reports
Credit: Real yields for real money
Martin Steward speaks to Babson Capital Europe, which argues that the time has come for European pension funds to allocate seriously to the loans market
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Asset Class Reports
Credit: Qualities for the long term
Madeline Forrester makes the case for investing in high yield as part of a longer-term strategy
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Asset Class Reports
Credit: Far from junk
High yield was a screaming buy back in March 2009. Joseph Mariathasan finds that healthy fundamentals provide good support for latecomers to come in when the broader markets get jittery
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Features
Risk concerns top agenda
This month’s Off The Record survey found that 85% of respondent’s pension fund boards had raised risk management as an agenda item in the last six to nine months. The result of this was that several funds made adjustments to their risk management policies.
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Features
Diary of an Investor: Know your onions
I am back in the UK talking about our defined contribution (DC) scheme for the UK pension plan. We are discussing managers. I am relatively new to this DC world, but how different can it really be? My colleague from the Wasserdicht UK DC pension scheme is Joe and he says we should not worry because he knows his onions. People say the Dutch and English can be very alike but just to be clear: in Holland we are not focused on onions. He briefs me before we see two managers.
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Special Report
Local supporter
Nina Röhrbein finds out how the Minneapolis-based Community Reinvestment Fund is helping to funnel capital into distressed urban communities
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Features
In the centre of things
Iain Morse finds private equity limited partners in central and eastern Europe hungry for long-term capital
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Interviews
Munsters targets pension market
Robeco is boosting its efforts to cater to the Dutch pensions industry. This is not a huge surprise, considering the fact that CEO Roderick Munsters joined the asset manager from pension giant APG, Mariska van der Westen and Liam Kennedy write
