Latest from IPE Magazine – Page 433
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Country Report
Taking the hit
Domestic asset managers were sheltered by pension funds’ local bias, although international players were making inroads. George Coats samples opinions on a possible post-crisis landscape in asset managemenmt
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FeaturesHedging in practice
The focus of liability driven strategies has so far largely been on interest rate and inflation risk. Solutions to longevity risk have been slow both in creation and take-up, finds Nina Röhrbein
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Special ReportThe €64bn Question
Brendan Maton outlines the factors that are helping us to live longer – and costing us more in pension terms
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Features
Not an exact science
To begin at the beginning with actuarial science: it ain’t perfect. Most pension managers have probably already twigged this after years of data revisions by their appointed scheme actuary. In spite of any appearances to the contrary, actuaries are human, not divine. Yet they qualify and are consequently paid to ...
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FeaturesWill central banks carry on cutting?
ZIRP, ‘zero interest rate policy’, first became a familiar acronym in February 1999 when the Bank of Japan (BoJ) finally cut official rates to zero. Japan was enduring a financial crisis of epic proportions, and the economy was suffering agonies as property values kept declining, the stock market plunged, prices ...
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FeaturesEdgy on equities but eager for infrastructure
In many areas Norway has carved out its own distinct path. Kjetil Houg, finance director at Oslo Pensjonsforsikring, tells Nina Röhrbein how this has helped the country’s largest local authority pension scheme to navigate the market crisis
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Features
Sovereign funds under pressure
Sovereign pension funds (SPFs) have emerged in recent years as part of governments’ moves to ensure they had enough financing to cover state pension obligations without relying on pay-as-you-go tax schemes. In recent months, however, two of Europe’s largest government schemes - Norway’s Government Pension Fund - Global and the ...
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Special Report
Downturn offers boardrooms opportunity for reassessment
Governance consultant Lynn Ralph talks about what institutional investors can learn from the her experience working with Australian superannuation funds
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Special Report
Play your swaps cards right
There are still opportunities at the right price for investors looking to hedge their risk via swaps. But, as Gill Wadsworth finds, they must take great care over timing and choice of counterparty
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Special ReportStock lending – worth the candle?
Nina Röhrbein finds that the collapse of Lehman Brothers and the shorting bans in major markets have prompted some European pension funds to suspend their stocklending activities
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Special ReportCommodities attract scrutiny
Investors need to ensure they have suitable knowledge of counterparty risk when dealing with commodities, reports Gill Wadsworth
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Special Report
Don’t write off CDS just yet
Despite the knocking credit default swaps have received because of the credit crisis, David White finds they can still offer a useful hedge against risk
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Special Report
ICAP recommends reforms to OTC
A recent report argues the OTC market should improve price transparency but should not move to an exchange traded basis, says Lynn Strongin Dodds
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Special Report
On the road to mainstream
A new report suggests growth in responsible investments is unstoppable despite the credit crunch. Nina Röhrbein reports
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Country ReportTaking a beating
The asset management landscape in the CEE has been severely changed by the market crisis, says Krystyna Krzyzak
