Latest from IPE Magazine – Page 485
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Features
Sticking to one's principles
Peter Damgaard Jensen of PKA in Denmark talks about his mentors in pensions and investments
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Features
Customer intimacy with a spider's touch
Radical changes in the printing industry have spurred Holland’s GBF pension fund manager to adopt a more active open-ended asset management style and closer focus on customer needs. David White reports
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Features
Mitigating cross-border concerns
In the decade since the first issue of IPE, investors have become keenly aware that the currency risk attached to their investment allocations has a substantial and continuous impact on their returns. For example, UK pension plans invested in US equities, which rose 13.6% in 2006, saw that return erased ...
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Features
Buy-out business grows as funds seek cost savings
The Netherlands in particular has seen a big increase in the use of external specialists as regulatory pressures grow and qualified staff prove hard to come by, writes Rachel Fixsen
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Features
Bringing it back in-house is better
In 2005, the Pensioensfonds Horeca & Catering (PH&C) scheme in the Netherlands decided to pull away administration from third party provider PVF Achmea and bring it back in-house. Administration at the sectoral fund - which covers the hotel, restaurant and catering industry - had been outsourced ever since the fund ...
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Features
Outsourcing for efficiency
Over the past few years, several pension funds in Europe have opted to spin off their administrative department into a separate pensions services company. But such moves are not about creating new profit centres - they are seen as freeing the operations up to focus on their main activity and ...
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Features
USS restructures its custody arrangements
he UK’s £26bn (€38.5bn) Universities Superannuation Scheme (USS) has awarded ABN AMRO Mellon Global Securities Services a £5bn global custody, cash management and securities lending solutions mandate, while the fund re-appointed JPMorgan as custodian for £24bn of its assets. The move follows USS’s 2005 review of all its custody arrangements, ...
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Features
Battle for the top spots following spare of acquisitions
Jockeying for the top spots in the global securities services world continues following the merger between Bank of New York and Mellon Corporation late last year. That deal (if approved in the summer) will propel the resultant Bank of New York Mellon Corporation to the top of the securities services ...
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Special Report
Italian reforms pave the way for SRI
Although the country is more or less in line with other European countries when it comes to SRI assets under management and around 20 SRI funds, in relative terms these assets present less than 1% of total assets under management, according to Davide dal Maso, head of Avanzi SRI’s research ...
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Features
ECM looking to spread its wings
Evergreen Investments, the investment management business of Wachovia Corporation, the fourth largest bank in the US, recently bought a majority stake in European Credit Management (ECM) a London-based fixed income boutique with €20bn assets under management and some 400 institutional clients in 40 countries. The deal, which gives Wachovia a ...
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Features
Business as usual
Despite the new legislation, there has been little change to the status quo in Belgium with the traditional balance between bonds and equities retained, but this is likely to change in the future, writes George Coats
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Features
How do you know how well you are doing?
IPE asked three pension funds – in Iceland, Slovakia and the UK – the same question: ‘How do you measure performance?’ Here are their answers
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Features
Back to basics is the new mantra
Amin Rajan and Todd Ruppert argue that asset managers need to appear trustworthy if they want to succeed in an increasingly fragmented market
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Features
Keeping a bead on a fuzzy target
Pension plan directors need to pay heed to the major structural changes in the market in reviewing their strategic asset allocation, says Georg Inderst
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Features
Moving out of the comfort zone
The interface between consulting and investment management is changing as advisers become more involved in multi-managers models. Gail Moss examines the evolution
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Features
Survival of the fittest
New products and players are increasing pressures on investment consultants. Rachel Fixsen examines how they are coping in a more competitive market
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Features
Measuring the measurers
Blacket – the firm that introduced metrics for investment consultants – folded at the end of last year. But did its demise kill demand for more transparent advice? asks Shayla Walmsley
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Features
Consultants reject information probe
A recent transparency initiative from the German fund manager association has met with a luke-warm response from consultants. Jan Wagner explains why
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Features
The haves and the have-nots
The amount people are setting aside for their pensions varies enormously from country to country as Monika Queisser and Edward Whitehouse report
