Latest from IPE Magazine – Page 472
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Features
130/30 strategies: the US perspective
Globally more than $50bn (€37.3bn) may be now invested in 130/30 strategies with several different managers, according to a recent Merrill Lynch report. Those managers include Barclays Global Investors, Goldman Sachs AM, ING IM and UBS Global AM, according to Merrill Lynch’. “It’s not a fad, this is real and ...
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Features
Introducing a competitive element
Portugal’s state social security buffer fund is at the threshold of two changes – the outsourcing of assets and the introduction of a new defined contribution regime within the first pillar. Liam Kennedy asked Manuel Pedro Baganha of FEFSS about these changes and how they will affect the fund
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Features
Diversification through partnership
French banking group BNP Paribas has built a distinctive business model for its asset management business. Through a system of partnerships with specialist investment firms it has created a diversified portfolio of skills which it offers to clients through a single platform. Among the key ‘signings’ have been ...
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Features
Keeping to his horizon
Jean-Louis Nakamura, chief investment officer at France’s Fonds de Réserve pour les Retraites, talks to Brendan Maton about the future of investment management, appreciating collective risk and retaining bright staff in a public-sector organisation
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Features
Recovering from chaos
The Balkan states have long been considered as being at the end of Europe but Branko Zeleznik sees the beginning of a turnaround
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Features
Transferable skills
Bond managers’ expertise in macro economics and sector analysis can be applied to top-down equity portfolios. Joseph Mariathasan reports
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Features
King coal bows out of the industry
David Morgan is retiring as CEO of Coal Pension Trustees – the executive arm of the trustees of the £26bn (€38bn) pension schemes of the former British Coal – at the end of July after nine years. George Coats asked him about his career
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Features
Judgement day nears for TFR
The coming weeks will see whether the Italian government’s attempt to resuscitate Italy’s flagging pension system has been a success or failure, writes George Coats
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Features
SIFs’ challenge to German ‘Spezials’
Luxembourg’s new and flexible specialised investment funds are threatening to take business away from German Spezialfonds. Nina Röhrbein reports
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Features
No longer the soft option
Interest in soft commodities is growing strongly on the back of environmental concerns, finds Lynn Strongin Dodds
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Features
Assessing the strategic case
John Bonaccolta asks whether the asset class provides appropriate performance and diversification characteristics for institutions
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Features
An inequitable situation
The UK Equitable Life scandal shows the need for consumer confidence in financial services, writes Jeremy Woolfe
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Features
Smoothing comes under scrutiny
If the International Accounting Standards Board was looking for praise of its decision to tackle pensions accounting, it found it among members of its recently formed pensions working group at its inaugural 5 June meeting. Although a minority warned the board against creating an era of constant upheaval in pensions ...
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Features
M&A drives returns growth
Market movements and fund returns in May were largely a continuation of those seen in April as M&A volume and large capital flows provided the fuel for a global equity rally kick-started by strong earnings data. Also of note is the resilience of several markets to negative news over the ...
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Features
Beyond the headlines
Pension deficit figures make headline news. But how useful is the accounting valuation of a defined-benefit plan’s funding status in assessing whether a plan sponsor can match its obligations? Stephen Bouvier speaks to leading preparers and consultants in a bid to find out
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Features
Open funds open wider
Reform of open pension funds is liberalising the domestic market. Maria Teresa Cometto spoke with Intesa Previdenza, the largest such fund in Italy
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Features
Survival of the fittest
Maria Teresa Cometto looks at how Cometa, Italy’s largest and second oldest closed penion fund, is staving off competition from banks and insurance companies
