Latest from IPE Magazine – Page 401
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IP Asia
The long term view grows shorter
As institutions continually question their approach, fund managers have had to adapt to a client base that rejects the traditional assumptions. Bee Ong talks to Russell CEO Andrew Doman about meeting this challenge.
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IP Asia
More Japanese corporations close their DC pension schemes
Companies are abandoning the system due to a deteriorating business environment, and terminations have remained on the increase.
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IP Asia
Pension managers on the brink of a new era
Corporate pension funds in Japan have posted their first positive performance in three years.
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IP Asia
Japan - Uptrend in funds returned to Government
The final tally for daiko henjo (return to the government of welfare pension portion of EPF schemes) in fiscal 2009 has been announced by the Ministry of Health, Labor and Welfare.
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IP Asia
Giant insurers take a step towards public life
Few casual observers would have thought that this year the biggest IPO globally would occur in Japan. Fewer still that it would be an insurance company making its debut on the stock exchange.
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IP Asia
System diversification and portfolio risk
In the minds of many in Japan, there is one question that remains unanswered: what are the true strengths of defined contribution pensions? Akiko Nomura provides his perspective on the issue.
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IP Asia
Absolute return FI funds – a new generation
Interest in absolute return bond funds is returning after a calamitous experience during the market crash. But the new generation of funds being launched is likely to be very different in structure from those that performed badly as a result of the credit crunch. Joseph Mariathasan reports
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IP Asia
Options for long-term saving
The Shift to DC, a white paper recently produced by State Street contains some useful information on the creative new approaches being adopted for people’s post-retirement income phase.
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IP Asia
Call for greater alignment of interests
The concept of ‘outcome oriented investing’ is now being talked about in the context of Asia’s fund management market. Several speakers at the recent Fund Forum event in Hong Kong suggested that a sea-change is occurring, and a greater alignment of interests will result. Richard Newell reports
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IP Asia
Special opportunities in China
The property market in China is going through something of a consolidation phase, after an extended bull run that he was led many to question whether it could undermine economic stability. Richard Newell finds out where the opportunities might lie.
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IP Asia
Private equity in Asia – Smart or dumb money?
The growth of activity in private equity raises concerns about the quality of deals being done. Joseph Mariathasan reports
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IP Asia
Currency as an independent return source
Neil Record has built a company managing $34bn of currencies. He and his team have recently been touring Asia to explain the ‘forward rate bias’ of high interest rate currencies. Here he describes how that can be incorporated into an institutional portfolio.
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IP Asia
Second chance - an Asian hedge fund perspective
The upheaval caused by the financial crisis has meant that anyone involved in the hedge funds industry in Asia has had to reassess their business. Richard Johnston looks at how the landscape has changed.
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IP Asia
Asian policy-makers must remain vigilant
by Kevin Hebner - We are likely to see a wave of defaults. T this is what typically occurs within a couple years of a major financial crisis.
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Features
Funds talk tactics
In this month’s Off The Record survey, 56% of the 34 pension fund respondents stated that they implement tactical or some other form of intermediate/interim asset allocation. A Danish fund described their process as such: “We review the allocation periodically, at least every six months, to enhance potential returns by exploiting perceived market misalignments, utilise momentum, or take early profits”. A UK fund added: “[We employ] in-house tactical asset allocation relative to the benchmark set by the investment committee, primarily using derivative overlays with clear limits [plus or minus] per asset class.”
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Features
Diary of an Investor: Every ash cloud has a silver lining
A short excursion to London at the end of April turned into a longer stay than I had expected. I had flown over on a Thursday morning for a day trip to make site visits to one or two of our investment managers, and to see our global investment consultant.
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Special ReportThe environment factor
Nina Röhrbein reports on the progress of sustainable real estate
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Features
Old structures on the way out
Iain Morse reports on the transformation taking place in the Italian custody market
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Interviews
Steady hand in a storm
These are interesting times at Copenhagen’s BankInvest. Its 20-strong global equities team was recently reduced to 17 as its head, David Dalgas, resigned, followed by chief portfolio managers Klaus Ingemann Nielsen and Kenneth Graversen. The team still boasts an average of 10 years’ experience, and it maintains that the resignations would not lead directly to changes in its (low turnover, fundamentals-based) global equity portfolios.
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Asset Class ReportsUS Equities: Style bias
Joseph Mariathasan uncovers a wide range of strategies among top performers in US equities
