Latest from IPE Magazine – Page 418
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Features
Diary of an Investor: Art of designer dealing
The team is back from holiday and we look at the equity markets rise. Yet how many months ago were people talking about bath-shaped and U-shaped recoveries?
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Special Report
A climate of change driving SAA
A new research project by Mercer will look at the opportunities and risks inherent in climate change by region and asset class. Nina Röhrbein reports
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Interviews
Multiplying the multi-boutique
As a giant among asset managers describing itself as “multi-boutique”, one might expect BNY Mellon Asset Management (BNYMAM) to be scouring this consolidating industry, chequebook in hand. The recent announcement that it will buy Insight Investment Management from Lloyds Banking Group for £235m (€273m) shows that it is indeed in the market
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Interviews
From silos to solutions
The announcement in mid-June that Barclays had accepted BlackRock’s offer for its asset management arm, Barclays Global Investors (BGI) – to be recommended to shareholders in August 2009 – set the media and industry analysts off on the challenging task of trying to find the pitfalls. All mergers present difficulties, particularly when they are on this scale, but it is difficult to imagine a better fit.
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Special Report
The price of everything but the value of nothing
Market volatility and shaky counterparties have focused attention on valuation methodologies and the data underpinning them, finds Brian Bollen
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Special Report
Transition in transition
The BlackRock-BGI merger is just the biggest whirlpool in a transition management industry in flux. Brian Bollen examines the intersections between evolving businesses and processes
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Special ReportIn the interim
The challenges of the past two years have led to a broadening of transition management services, and in particular growth in interim asset management, writes Lachlan French
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Special Report
Spotlight on the guardians
Pension funds are becoming increasingly aware of the need to keep tabs on the performance and costs of their custodians as their role becomes ever more complex, writes Ian Morse
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Special Report
Custody in a post-Lehman world
While safe-keeping is now in the spotlight, it is in investment managers’ search for a business model to withstand a bull or bear market that a custodian can addtrue value, says Andrew Gelb
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Special Report
Looking to the future
The credit crisis – and particularly problems around cash re-investment – focused the attention of beneficial owners on their securities lending programmes. Blair McPherson argues that this is an opportunity for the industry to step out of the shadows
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Special ReportSafe and secured?
Collateral management is integral to several activities of the modern pension fund, and the Lehman Brothers bankruptcy re-wrote its paradigms, finds Martin Steward
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Asset Class ReportsA time to be selective
Uncertainty in sovereign markets and attractive credit spreads have seen risk concentrate in Europe’s investment grade corporate bond markets, finds Joseph Mariathasan
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Features
Mending the buck
Martin Steward asks how investors might analyse money market funds after last year’s shock to the system
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Country Report
De-risking redefined
The new importance of bond yields for UK schemes’ solvency underlines the re-thinking of liability-driven investing, bond mandates and the need for tactical decision making, finds Martin Steward
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Country Report
A DC smörgåsbord
Simon Pearse recommends that UK pension trustees should use the Personal Accounts model as a benchmark for their own DC schemes
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Country Report
PADA’s 2012 challenge
Nyree Stewart investigates how the Personal Accounts Delivery Authority is faring in its task of delivering a national low cost DC scheme within three years
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Country Report
Basic principles
Richard Lowe assesses the UK’s Investment Governance Group and its ongoing work
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Country Report
Still a realistic option
Charlie Finch and Ken Hardman consider the future direction of the pension buyout market in the UK
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Country Report
Buyouts take a backseat
Buy-in deals are taking over from buyouts as the current economic climate stifles access to sufficient capital, finds Gill Wadsworth
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Features
Leading fund strategies
Nina Röhrbein outlines leading European pension funds’ investment strategies
