Latest from IPE Magazine – Page 462
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Features
Keeping the pension fund commandments
One of the persistent grumbles from pension fund managers is that, although they themselves would approve a particular investment strategy or move into a particular asset class, they would never be able to persuade their trustees or governing boards who do not have a sufficient grasp of investment principles to ...
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Special Report
Growing interest for active ownership
With environmental, social and governance (ESG) investment themes springing up around the world, the pressure is growing on institutional investors to become active and responsible owners.
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Features
FondInps awaits green light
A final plan for the reform of Italy’s pension institute, INPS (Istituto Nazionale di Previdenza Sociale), will be presented by the Italian labour ministry before the end of the year.
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Special ReportShowing the way on governance
Roger Urwin advocates a greater focus on governance and internal investment resources for pension funds
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Features
Shifting to alternatives
Rachel Fixsen assesses recent trends in the asset allocation decisions of European pension funds
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FeaturesNew broom at FRR
Nicholas Sobczak, FRR’s new CIO tells George Coats that he wants to show the French how useful the financial markets can be in securing pension promises
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Features
Cutting-edge strategies resolve risk/return dilemma
All pension funds have to balance risk and return, but for local government pension funds, there is also another balancing act involved – the ability to deal with political pressure.
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Features
Investment guidelines reflect members’ values
With socially responsible investing continuing to develop as an established part of the asset management industry, it is easy for pension funds to make token gestures towards the concept, without necessarily putting in place processes that can effect change.
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Features
Core/satellite approach keeps performance up
Since its launch in 1999, the Fonditel Red Básica pension fund has achieved remarkable returns on its investments, a record which has kept it permanently at the top of the performance rankings. For this consistency of performance, FRB has won the award for Best Spanish Pension Fund.
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Features
Open door policy redefines real estate
Investing in any kind of alternative requires care and skill. Real estate is a classic example. There are different ways you can get into this popular alternative and once in, running a property portfolio presents certain challenges – something Denmark’s professional services pension scheme, PKA, knows only to well, with ...
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Features
Mutual respect in selecting the best
Launched in 1993, Portugal’s small €94m BPI Valorização is unlike many of the other schemes represented at this year’s IPE Awards.
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Features
Back to basics review creates complex but manageable system
Constructing a successful portfolio will always require careful planning and a clear set of principles to ensure it develops effortlessly and efficiently. This is an ethos that Sweden’s €22.8bn AP3 scheme fully understands. With investment returns falling from 17.7% in 2005 to 9.5% in 2006, the state buffer fund began ...
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Features
Commodities results prompt measured reappraisal
For most passive commodities investors, 2006 was a disappointing year in performance terms. But instead of a knee-jerk response, reducing its exposure to this asset class, the reaction from Doctors Pension Fund Services was a calm reappraisal of its whole approach to this area.
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Features
An extra component to an LDI strategy
With assets around some €2.8bn under management, Dutch scheme PNO Media, which represents 30,000 members across the Netherlands’ media industry, may be small in comparison with some of its peers, such ABP and PGGM, but that doesn’t mean it is any less innovative or meticulous in its operations – as ...
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Features
Pooled vehicle brings new life to Baltic bond market
It is one thing to be aware that a specific market sector needs to be developed. It is quite another to recognise that opportunity and to grasp it with both hands. In helping to grow the corporate debt market in the Baltic countries, and for its innovative approach to its ...
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Features
Two for the price of one
Two complementary pay-as-you-go pension plans operating under one roof, Agirc and Arrco are managed by two pensions federations whose decision-making bodies are controlled by the company partners – Agirc and Arrco.
