Latest from IPE Magazine – Page 406
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IP Asia
Islamic Finance – a glossary of terms
Bai Bithaman Ajil A contract for deferred payment on the sale of goods. A bank buys goods requested by the client. The bank sells the goods to the client at cost plus profit. They client settles payment in instalments within a predetermined period or in lump sum. Gharar Lit The ...
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IP Asia
Adjusting to custom and practice
by Bee Ong - In the sharia investment marketplace, global best practices are just beginning to surface in back-office functions such as custody and fund accounting.
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IP Asia
More questions than answers as Sharia develops
Three years ago, when the US sub-prime crisis exploded, GS Khoo was already testing the ground for fissures in other parts of the financial services landscape. Islamic finance was one of the areas he predicted would face issues. Bee Ong reports
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IP Asia
Institutional investors and Sharia
by Bee Ong - Sharia investment professionals think that non-Muslims will find sharia investments attractive from the risk perspective.
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IP Asia
Japanese real estate update
by Oscar Volder - In the unlisted segment of the market, some pension fund investors were approached with the request to add capital to their investment in order not to lose all of the initially invested equity.
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IP Asia
How to make the most of member choice
As Hong Kong comes closer to implementing the new Mandatory Provident Funds Schemes (Amendment) Ordinance, heralding the era of member choice, we asked Philip Tso, Head of Investment, Hong Kong for Towers Watson, for his thoughts on how this new regime will play out. We know from the experience of ...
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IP Asia
Partners are the key to success
One key issue for any fund manager that has aspirations to be a global player, is the potential to enter the domestic fund management market in China. Joseph Mariathasan reports.
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IP Asia
Be Ready for RMB Funds
by Joseph Mariathasan - it will not be long before foreign private equity firms can set up RMB funds with parallel onshore and offshore vehicles. Such a development would enable firms to attract both domestic and foreign capital.
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IP Asia
China – what lies ahead?
Expect growth, lots of it. That is conclusion of specialist research house Z-Ben Advisors, in their most recent analysis of the Chinese fund management market. Ivan Shi provides this executive overview.
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IP Asia
Asia's boom hides system fragility
by Kevin Hebner - the Asian the financial system remains under-developed, a failing that could take decades to rectify. This is particularly true of China, which requires dramatic liberalization of fixed income and FX markets, and the phasing out of its stringent capital controls.
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IP Asia
Industry Funds Transition Leadership
by Gordon Noble - With its core construction and building sector membership Cbus has a long history of developing its own property assets through its own property arm Cbus Property
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IP Asia
Rebuilding The GPF’s Image Is A Key Priority
Sopawadee Lertmanaschai is the new secretary general of Thailand’s Government Pension Fund (GPF), which manages nearly US$13 billion in assets for 1.16 million civil servants. Lertmanaschai took over the post on January 18. It was previously held by Visit Tantisunthorn from 2001 until he was dismissed in June 2009, due to alleged irregularities. Just weeks into the job, the former chief marketing officer of the Stock Exchange of Thailand shares her plans for the GPF with IPA’s Rita De Ramos.
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Features
Diary of an Investor: Risk averse
So good-bye to the new normal (not even adieu) and hello again to old normal. Well, sort of. Marketing seems to be back on the agenda for all those asset managers with such wonderful alpha-producing track records, and of course for all the beta players too. But we are taking beta blockers here at Wasserdicht Pensioenfonds – it’s the A-class performance we want. Except in Germany.
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Interviews
The full toolbox
Think Lyxor Asset Management’s brand-defining products and the word ‘barbell’ comes to mind: on one end, Lyxor ETFs and other index products (the cheapest and most passive vehicles); at the other, the market-leading hedge fund managed account platform (the most expensive and active investment strategies).
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Features
The emergency room
Fat-tailed models need to adapt well in normal market conditions and differentiate between asset classes. Boryana Racheva-Iotova compares fat-tailed models with GARCH based on stable Paretian distributions, t-distributions and extreme value theory
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Asset Class ReportsGlobal fixed income: Outward bound
European investors are breaking free of local markets and global benchmarks in the search for yield, writes Joseph Mariathasan
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Features
EC’s pensions paper aims ‘unclear’
Pensions are on the European Commission’s radar again, and three divisions have been given the task of preparing a Green Paper on the creation of an EU framework for pensions by the middle of this year. Pension fund bodies and consultants say they welcome the move to talk about encouraging pensions savings. But there is apprehension about the possible content and concerns about the Commission’s aims, in part because there appears to be a degree of urgency to the process.
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Features
Changes ahead for Dutch pensions
Dutch pension fund governance and investment risk strategies have rarely faced such tough scrutiny. Following the publication of the Frijns and Goudswaard Committees’ reports, as well as evidence of closer oversight on the part of the supervisor, De Nederlansche Bank (DNB), a number of initiatives and recommendations are expected to ...
