Latest from IPE Magazine – Page 469
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Features
The dollar is our currency, but it’s your problem
The words of Nixon-era US treasury secretary John Connally are developing new resonance for Asian central bankers
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Features
The targets of Japan Post
Oscar Volder reports on how the privatisation and break-up of the Japanese post office is creating a major new player in the investment funds market
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Features
Implementation risk and the benefits of quant
In the June edition of IPA, we assessed the so-called 130/30 strategy in the context of risk budgeting. Azim Alvi takes the discussion forward by explaining some of the practical consequences
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Features
Enhanced cash and the naming problem
The choice of cash funds is growing rapidly, but assessing them is not always easy because the categorisation has not been standardised, says Jonathan Curry
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Special Report
Signs of progress on governance
A survey of corporate governance practice in China illustrates a level of achievement but also a continuing lack of accountability in key areas. Lee Kha Loon reports
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Features
Beta: genuinely active management
Getting your beta right is one of the main challenges for an institutional investor, and alpha and beta management strategies provide a new emerging framework for institutional asset management. Bob Rädecker and Alfred Slager explain PGGM’s philosophy and innovations behind beta management
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Features
Cracks appear under a calm surface
The hitherto stable world of asset management in the Netherlands has been shaken by a series of tremors in the past year. Highest on the Richter scale is the concept of fiduciary management raising questions of loss of control and conflicts of interest. Gail Moss reports
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Features
Why Mn Services is putting on weight
Mn Services’ acquisition of PME’s business will give it the critical mass it needs to compete at the top level of pensions provision, Mn Services chairman Rudolf Hagendijk tells Leen Preesman
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Features
Pinning hopes on hybrid pension plans
The attraction of the typical average wage defined benefit (DB) scheme in the Netherlands is that it is a hybrid DB-DC plan, midway between the certainties of a traditional DB plan and the risk of a DC plan, say Eduard Ponds and Bart van Riel
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Features
FTK and LDI make strong case for outsourcing
The growth of liability driven investment strategies in response to the demands of the new financial framework has increased the attractions of outsourcing for Dutch pension funds, Heather McKenzie reports
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Features
Keeping corporate pension funds independent
Nout Wellink, president of the Netherlands Bank and chairman of the Basle Committee on Banking Supervision, argues that the collective nature of the Dutch pension system imposes important fiduciary responsibilities on corporate pension fund asset managers
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Features
AVH switch to passive strategy bears fruit
AVH, a medium-sized industrywide pension scheme for agricultural wholesalers, has ploughed a lone furrow, managing its administration in-house and following a cautious investment strategy. Brendan Maton reports
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Features
LGPS under scrutiny
George Coats asks whether the UK’s local government pension scheme would work better if it were more centralised
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Features
The 2.0 multi-asset comeback
Diversified growth funds give smaller and mid sized pension funds access to a greater range of asset classes than they might otherwise be able to handle, including alternatives. Liam Kennedy reports
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Features
Longevity risk market ahead
Mortality is the hardest of the external factors to hedge against, yet with the launch of the LifeMetrics index, Nina Röhrbein wonders if a tradeable market is a step closer
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Features
The case for buyouts
The underlying conditions for corporate buyouts have never been better, but as David White argues, take-up still remains relatively modest
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Features
LDI: what's the evidence?
As Iain Morse finds, evidence shows increasing use of so called liability driven strategies, although no one can measure take-up accurately
