Latest from IPE Magazine – Page 430
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FeaturesManager Profile: CAAM
Convertible bonds might be taking a battering from the current crisis but CAAM is banking on its experience in the sector to see it through, finds Lynn Strongin Dodds
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Features
The old ways are out
Convertible bond issues have been thin on the ground in this recession, but sooner or later even highly-rated large-caps may tap the market for refinancing, says Lynn Strongin Dodds
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FeaturesStrategy refuses to be written off
Unexpected market events may have once more severely affected convertible arbitrage but the strategy continues to hold attractions for institutional investors, finds David White
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Features
Diary of an Investor: Nelson’s telescope
A phone call from Alan, my Wasserdicht colleague in England. ‘Pieter, we all have been visited by the FSA and it is not good.’ ‘What is not good?’ ‘We have this thing in the UK called ‘governance’ and pension funds are being blamed for not exercising enough of it, and this inaction has helped fuel the financial turmoil and market downturn.’
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FeaturesA very private affair
Listed equities have fallen out of favour with most European pension funds since the financial crisis struck last year. How has private equity fared?
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FeaturesExit Interview
Alick Stevenson recently retired as director of investments at the UK’s £3bn (€3.24bn) Merchant Navy Officers Pension Fund, after six and a half years
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FeaturesIt’s good to talk
As pension fund investment within the sphere of alternatives grows, David White reports on an innovative platform designed to educate managers about the field through the medium of shared experience
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InterviewsKeeping it real
Ask pension fund managers what are the risks that keep them awake at night, and they will probably start with longevity.Close behind will be interest rates and inflation.
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Opinion PiecesBrave new world?
When liquidity was abundant, serious bottom-up credit analysis was neglected in favour of spurious correlation assumptions. The credit crisis brings us back to a more cautious new world, writes Roger Sadewsky
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Asset Class Reports
A new taxonomy
Market dislocation and unpredictable government interventions have re-ordered the natural environment of credit. Joseph Mariathasan asks if the old taxonomies are still fit for purpose
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Features
Time to call a specialist?
The credit-market dislocation has opened up opportunities well beyond core corporate bonds. Martin Steward asks whether pension funds should get specialists onboard, or just loosen their existing bond mandates
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Features
Stay dry in a crisis
Nina Röhrbein spoke to Gerhard Neustädter, head of asset management at Bonus Pensionskassen in Vienna, about his fund’s approach to managing assets and risk
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Features
Italian regulator urges mergers
The new head of Italy’s pensions regulator has made it clear that a consolidation of pension funds is necessary for the future of the industry.
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Features
Across borders
Cross-border arrangements and recognition of local employment and social laws – a difficult task, but it must be kept simple to work, argues Christian Reichel
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Opinion Pieces“Any ALM study should consider the effects of Black Swan events”
Pension schemes are suffering a double blow at the moment. As well as increased deficits there are also concerns about the strength of the sponsor.
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Features
A page or a phone book?
In case anyone has forgotten, the objective underpinning the IASB’s bid to overhaul IAS19 is to ensure that the users of financial statements, or analysts, have access to what the board likes to call timely and decision-useful information.
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Opinion Pieces
A consultant union
A new investment consulting player was born this year, the result of the merger between Mercer and Callan. The combined Mercer-Callan entity employs around 375 people, controls about 20% of the US market and has offices in 14 cities.
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Opinion Pieces
Quo vadis IORP?
What is the future for Europe’s Institutions for Occupational Retirement Provision (IORP) directive?
