Latest from IPE Magazine – Page 453
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Special Report
Ownership creates involvement
Stakeholders in defined benefit pension funds should redefine who exactly takes which risks, what constitutes solvency and who owns which part of it. Theo Kocken takes the baton in the first instalment in a series of discussion papers
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Features
How we moved our money
Last year, the Dutch pension fund PME mandated Mn Services with the fiduciary management of its assets, and took a stake in the company, in what was the largest ever European portfolio transition. Iain Morse discusses the transition aspects of the deal with Roland van den Brink of Mn Services
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FeaturesMaking sense of an uncertain future
New mortality research conducted for the UK Actuarial Profession should help guide future assumptions, argues Dave Grimshaw
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FeaturesThe ups and downs of volatility
Joseph Mariathasan examines the impact of the recent market turmoil on the credit markets and asks where opportunities for institutions in 2008
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FeaturesWhy a global scope assures GTAA returns
In spite of recent reverses, global tactical asset allocation has developed from an add-on strategy to an integral part of a pension fund’s investment portfolio, according to a recent study. David White reports
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Special Report
Mainstreaming responsible investment via sell side research: EAI three years on
The Enhanced Analytics Initiative was brought into being three years ago by institutional investors to promote and directly fund sell side research that takes account of long-term performance factors. Raj Thamotheram evaluates its progress
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Features
Fortis Investments looks to fiduciary
The fortunes of a CEO can vary with the tides, particularly when it comes to mergers and acquisitions. Sometimes a merger makes their position redundant; other times it can catapult the CEO to the helm of a new entity that has changed beyond recognition. Fortis Investments’ future was ...
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FeaturesWhat to do when the wolf is at the door
Next to banks, pension funds are the second largest investor in European private equity. As investors they may be involved, as limited partners, in the leveraged buyouts of companies and their pension schemes - a subject of considerable controversy recently. Pension fund boards therefore face a dilemma: private equity can ...
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FeaturesWhat’s the benefit?
IPE asked three pension services – in Denmark, the UK and the Netherlands – the same question: ‘What are the merits and pitfalls of your benefits models?’ Here are their answers:
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FeaturesWaiting for a breakthrough
Investment consultants has seen little change since the 2003 reforms but actuaries find business is booming, says Rachel Fixsen
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FeaturesOn the acquisition trail
Banks dominate the French securities services scene and they are taking their home market expertise abroad, reports Heather McKenzie
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FeaturesLooking for more diversification
The civil servants’ scheme is searching for both an investment consultant and a new CEO to lead a diversification of its investment universe. George Coats reports
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FeaturesChoosing the right path
This year’s Rendezvous With Pensions will set the agenda for the next five years and beyond. George Coats assesses the options
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Features
Staff thin on the ground
The scarcity of experienced back office staff is a major driver of the uptake outsourcing services by both buy side and sell side institutions. With investment managers and pension funds becoming ever more sophisticated in their investment strategies, back offices are struggling to cope with the added processing burdens being ...
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FeaturesThe sleeping giant of Valley Forge
A triumvirate of US asset managers dominate passive investment. Between them, State Street Global Advisors (SSgA), Vanguard and Barclays Global Investors (BGI) manage over $3.5trn (€2.3trn). But while BGI and SSgA have built hedge fund and active management businesses, and have swept up business in European pension markets, Vanguard has ...
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Special ReportDefining your portfolio’s values
Pressure from members and media reporting is encouraging funds to review their ESG policies. But the choices are not clear cut. Nina Röhrbein reports
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FeaturesTurning the supertanker
Agirc and Arrco have been seen as the backbone of the French pension system for years. But how will they fair in the future? Alain Lemoine examines the options
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FeaturesRefocusing on risk
After five years of growth the recent market turmoil is leading to a strategic reassessment on the part of asset managers in France. Nina Röhrbein examines the emerging trends
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FeaturesHow we run our money: Freedom to choose
Most Icelandic pension funds are based on collective agreement, but Frjalsi is different. David White speaks to Arnaldur Loftsson, Frjalsi’s managing director, about his fund’s innovative benefits and investment structures
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Features
Institutions stem net outflows
Investment management companies with business in Germany managed around €1.4trn as of December 2007, a record volume in investment funds. This sum is divided roughly equally into (retail) mutual fund business and institutional Spezialfonds business. Equity funds are still the predominant category in the area of mutual funds, despite massive ...
