Latest from IPE Magazine – Page 410
-
Features
DC risk sharing and how to go about it
The investment losses suffered in the last two years of downturn have inspired new thinking – not least on how to improve the risk-return profile of defined contribution (DC) pension investing and how to secure cheap DC guarantees. Many of these ideas were discussed at a conference on DC risk-sharing in January hosted at The University of Exeter Business School. And they could be useful to the pension regimes of most countries, according to participants.
-
Features
Corporate compliance
Corporate governance processes of institutional investors have come under the spotlight with the publication of two UK reviews. The Walker Review and the Financial Reporting Council’s (FRC) review of the UK Combined Code encourage greater shareholder engagement through a proposed Stewardship Code. But what impact will they have on pension ...
-
Opinion Pieces
A year of execution
The year ahead in Brussels will be one of implementing measures to tighten financial legislation. But will the financial services regulatory programme align with the plans of the G20, or be diluted under pressure from one lobby after another? Whatever the outcome, no-one should expect a bump-free ride.
-
Opinion Pieces
Hugo Lasat, CEO, Amonis Pension Fund
“The funds industry is a good shelter for the anxious client. But this is only true on the condition that fund managers can perform their role as risk managers”
-
Features
Full speed ahead
A €2.6bn pension fund will look after CERN’s scientists long after they have finished their minute inspection of the universe using the Large Hadron Collider. Nina Röhrbein visited Christian Cuénoud, the fund’s retiring administrator
-
Country Report
Hungary: A case of bad timing
Thomas Escritt reviews the decision to introduce multiple risk portfolios for supplementary pension funds
-
Country Report
Russia: Deploys the big guns
Russia’s two new sovereign wealth funds were instrumental in supporting the economy during the economic crisis. Martin Delaney reports
-
Country Report
Poland: On a collision course
A proposal to cut second pillar contributions to pension funds would leave most OFE pension funds unprofitable and the rest to invest in low-yielding investment strategies, finds Krystyna Krzyzak
-
Features
Distressed still not de-stressed
As in equity markets, Caroline Hay finds that the big bounce in distressed debt and leveraged loans since the lows of last winter raises as many questions as answers
-
Country Report
Romania: Teething troubles
Economic difficulties and political turmoil have hindered but not derailed the country’s creation of a three-tier pension system. Thomas Escritt reports
-
Special ReportRisk on or risk off?
The financial crisis and subsequent massive policy responses have dislocated asset markets from economics. Martin Steward attempts to delineate an investment framework to cope with the confusion
-
Special Report
Alphabet soup
W, U, V, L? It’s all a symptom of the misleading ‘patternicity’ that dogs traditional macroeconomic thinking, argues Damian Handzy
-
Special Report
Hidden value
Klaus Blaabjerg tells Martin Steward that hunting down the size and value effects in high-yield credit spreads can minimise downside risk and maximise acquisition risk
-
Special Report
Carry on recovery
Uncertain economic recovery and the global rebalancing to a ‘new normal’ argues for volatility and directional emerging market FX trades, but Lynn Strongin Dodds finds that it’s too early to write off the carry trade
-
Special Report
The convexity of convertibles
The logic for a tactical position in convertibles was clear at the beginning of 2009. CQS told Martin Steward about the strategic case as we enter 2010
-
Asset Class Reports
Where next for hedgies?
Market conditions, consolidation and regulatory developments are changing the landscape for hedge funds. Jean-Charles Bertrand explores the new topography
-
Features
Pension funds on 2010
Pension fund respondents to this month’s Off The Record survey on the outlook for 2010 had different views on how the new year will shape up.
-
Features
Diary of an Investor: Fortune favours the brave
I am in Hong Kong. Not only am I visiting Chinese factories to taste the potential of Asian growth stocks, as my Asian equity manager and host explains, but I have also learned about what the new year might hold.
