Latest from IPE Magazine – Page 441
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FeaturesNo alternative to alternatives
Despite market turbulence having a negative impact on returns, diversification is set to increase after a regulations are relaxed, says Emma Oakman
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FeaturesDissecting the public sector
IPE asked three local government pension funds in Denmark, Switzerland and the UK: ‘How do you administer your fund?’
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Features
A triumph of marketing over performance?
A recent Morningstar analysis of much-hyped 130/30 strategies offers a chance to weigh up their performance. Joseph Mariathasan reports
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FeaturesRethinking the elephant
Your view on US large caps should be based on whether you think they are an investment decision or a gamble, argues Joseph Mariathasan
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FeaturesBiting the poison apple
Dinko Novoselic explains that, although appealing for decision makers and the public, guaranteed returns have hidden costs
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Special Report
Risk sharing and investment strategy
In this installment of our series of discussion papers, Jean Frijns concludes that a far-reaching reform of collective DC will lead to a more effective investment strategy by making it possible to harmonise risk frameworks and goals
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Features
The packaged approach to diversification
Matthew Craig assesses diversified growth funds, absolute return funds that allocate to a range of asset classes alongside fixed income and equities
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Special Report
Managing pension and benefit risk
Gabriele Buchs and Nigel Bateman outline Deutsche’s Bank journey towards a co-ordinated approach to pension risk
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Special ReportBuy or build?
Some European funds have traditionally managed assets in-house for cost-effective long-term performance. Gail Moss assesses the do-it-yourself approach
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Features
The crunch continues
Yield curve/duration The credit crunch is now manifesting itself in the form of the massive writedowns by scores of financial institutions. The focus has moved from sub-prime to collateralised debt obligations of asset backed securities (CDOs of ABSs) to asset backed commercial paper (ABCP) as the disease spreads to the ...
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Special Report
Where pension funds can and can’t excel: Watson Wyatt’s view
While certain aspects of governance may need to be enhanced when using external managers, this should not necessarily deter pension funds from continuing to use them, rather than build an in-house team, according to Watson Wyatt. The pension consultants say that research conducted by Roger Urwin, global head of investment ...
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Features
Happy Honecker: censorship lives
In the former East Germany, the Honecker regime cunningly blanked-out maps west of Berlin in a bid to foil escapes. This is an approach that the IASB’s pension team appears to have taken literally. An example is Paragraph 50 of the observer notes for the board’s December 2007 discussions: “A ...
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FeaturesFour-year marathon to bring back the prize
The Arkitekternas Pensionkassa has until 2012 to convince its newer members that it is a better home for their ITP savings than the big players such as Alecta or Skandia. Managing director Maritha Lindberg tells Brendan Maton how the fund plans to do it
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Features
Polish reforms take shape
Polish pension reforms began in 1999, but the presentation of new legislation relating to bridging pensions, annuities and the programmed withdrawal of funds suggests the reforms of the second pensions pillar could be completed just as the first pensions are paid next year. Ten years ago, Poland introduced a new ...
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Features
The Fannie and Freddie effect
The apparent end of the Fannie Mae and Freddie Mac uncertainty, following the de-facto government takeover in September, sent shares in the two quasi-governmental mortgage lenders tumbling, further decimating the considerable holdings of US pension funds in the mortgage giants. This new ‘conservatorship’ raises immediate questions about the fate of ...
